ICICI Prudential Nifty 500 Index Fund Direct Growth
Get the latest NAV of ICICI Prudential Nifty 500 Index Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.
₹10.34
1D
NAV as on 11 Sep 2026
1.96%/per year
Since Inception
▲▼
1078 people have invested ₹ 85.2L in ICICI Prudential Nifty 500 Index Fund in the last three months
Peer comparison
ICICI Prudential Nifty 500 Index Fund Returns Calculator
Calculate SIP and lumpsum returns based on historical performance
Total Investment
0
Profit
Total Corpus
0
ICICI Prudential Nifty 500 Index Fund Asset Allocation
See fund asset allocation details as on (15-Aug-26)
Fund Distribution
as on (15-Aug-26)
ICICI Prudential Nifty 500 Index Fund Sector Allocation
See fund sector allocation details as on (15-Aug-26)
Sector Allocation
Top 3 Sectors in July were Financial Services, Consumer Cyclical & Industrial
Financial Services
31%
Consumer Cyclical
13%
Industrial
11%
Financial Services
31%
Consumer Cyclical
12%
Industrial
12%
ICICI Prudential Nifty 500 Index Fund Holdings Details
as on (31-Aug-26)
ICICI Prudential Nifty 500 Index Fund Overview
Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.
| Expense ratio | 0.44% |
Benchmark | Nifty 500 TR INR |
| AUM | ₹105 Cr |
| Inception Date | 20 December, 2024 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 1.94% |
| Risk |   Very High Risk |
About ICICI Prudential Nifty 500 Index Fund
ICICI Prudential Nifty 500 Index Fund Direct Growth is an equity fund. This fund was started on 20 December, 2024. The fund is managed by Venus Ahuja, Ashwini Shinde, Nishit Patel. The fund could potentially beat inflation in the long-run.
Key Parameters
- ICICI Prudential Nifty 500 Index Fund has ₹105 Cr worth of assets under management (AUM) as on Aug 2026 and is more than category average.
- The fund has an expense ratio 0.4.
Returns
ICICI Prudential Nifty 500 Index Fund has given a CAGR return of 1.96% since inception. Over the last 1 year the fund has given a CAGR return of -0.69%.
Holdings
ICICI Prudential Nifty 500 Index Fund has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Basic Materials, Tech, Health, Energy, Consumer Defensive, Communication, Utilities, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Bharti Airtel Ltd, Larsen & Toubro Ltd
Taxation
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 benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
Investment objective of ICICI Prudential Nifty 500 Index Fund
The objective of the Scheme is to invest in companies whose securities are included in Nifty 500 Index and subject to tracking errors, to endeavor to achieve the returns of the above index. This would be done by investing in all the stocks comprising the Nifty 500 Index in the same weightage that they represent in Nifty 500 Index.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. ICICI Prudential Nifty 500 Index Fund has no lock in period.
Fund Manager
Venus Ahuja
Fund Manager of ICICI Prudential Nifty 500 Index Fund, since 1 November 2025
Ashwini Shinde
Fund Manager of ICICI Prudential Nifty 500 Index Fund, since 20 December 2024
Nishit Patel
Fund Manager of ICICI Prudential Nifty 500 Index Fund, since 20 December 2024
- AUM of the fund stands at 98.9 Cr as of Jul'26
- AUM increased by 8.1 Cr between Jul'26 and Jun'26
Frequently Asked Questions for ICICI Prudential Nifty 500 Index Fund Direct Growth
How do I invest in ICICI Prudential Nifty 500 Index Fund?
- Download the INDmoney app.
- Search for ‘ICICI Prudential Nifty 500 Index Fund’.
- Select whether you want to invest in SIP or lump sum.
- Enter the amount you wish to invest.
- Set up payments via bank mandate or UPI.