ICICI Prudential Nifty50 Value 20 Index Fund Direct Growth

ICICI Prudential Nifty50 Value 20 Index Fund Direct Growth is an equity fund. This fund was started on 2 February, 2024. The fund is managed by Nishit Patel. The fund could potentially beat inflation in the long-run.

1. ICICI Prudential Nifty50 Value 20 Index Fund Direct Growth has ₹93 Cr worth of assets under management (AUM) as on Feb 2025 and is less than category average.
2. The fund has an expense ratio 0.3.
   

ICICI Prudential Nifty50 Value 20 Index Fund Direct Growth has given a CAGR return of 4.68% since inception. Over the last 1 year the fund has given a CAGR return of 5.26%.

ICICI Prudential Nifty50 Value 20 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Financial Services, Consumer Defensive, Consumer Cyclical, Utilities, Energy, Basic Materials, Health. Its top holdings are ICICI Bank Ltd, Infosys Ltd, ITC Ltd, Tata Consultancy Services Ltd, State Bank of India

As it is a index funds mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

The objective of the Scheme is to invest in companies whose securities are included in Nifty50 Value 20 Index in the same weightage that they represent in Nifty50 Value 20 Index in order to achieve the returns of the above index, subject to tracking errors.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. ICICI Prudential Nifty50 Value 20 Index Fund Direct Growth has no lock in period.