ICICI Prudential Nifty LargeMidcap 250 Index Fund Direct Growth

ICICI Prudential Nifty LargeMidcap 250 Index Fund Direct Growth is an equity fund. This fund was started on 13 March, 2024. The fund is managed by Nishit Patel. The fund could potentially beat inflation in the long-run.

1. ICICI Prudential Nifty LargeMidcap 250 Index Fund Direct Growth has ₹201 Cr worth of assets under management (AUM) as on Apr 2025 and is less than category average.
2. The fund has an expense ratio 0.3.
   

ICICI Prudential Nifty LargeMidcap 250 Index Fund Direct Growth has given a CAGR return of 15.77% since inception. Over the last 1 year the fund has given a CAGR return of 10.83%.

ICICI Prudential Nifty LargeMidcap 250 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Basic Materials, Health, Energy, Consumer Defensive, Utilities, Communication, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, Bharti Airtel Ltd

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 Nifty LargeMidcap 250 Index in the same weightage that they represent in the Nifty LargeMidcap 250 Index in order to achieve the returns of the above index, subject to tracking errors. However, there is no assurance or guarantee that the investment objective of the scheme shall be achieved.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. ICICI Prudential Nifty LargeMidcap 250 Index Fund Direct Growth has no lock in period.