ICICI Prudential Nifty Next 50 Index Fund Direct Growth

ICICI Prudential Nifty Next 50 Index Fund Direct Growth

Equity

ICICI Mutual Fund

Index Funds

Get the latest NAV of ICICI Prudential Nifty Next 50 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.

₹60.53

▲0.7%1D

NAV as on 14 May 2025

14.82%/per year

Since Inception

Absolute Gain%

▲▼

82061 people have invested ₹ 17.6Cr in ICICI Prudential Nifty Next 50 Index Fund Direct Growth in the last three months

ICICI Prudential Nifty Next 50 Index Fund Ranking and Peer Comparison

Ranked based on performance, risk management and cost efficiency

4
/12
72% Performance
20% Cost

Ranked 4 out of 12 mutual funds in the Index-Nifty-Next-50 category as per INDmoney.

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
Inception Returns
ICICI Prudential Nifty Next 50 Index Fund
4/12
7,134Cr
0.31%
0.44%
20.7%
14.82%
HDFC BSE Sensex Index Fund Direct Growth
1/7
8,290Cr
0.2%
12.08%
16.61%
13.3%
UTI Nifty 50 Index Fund Direct Growth
3/17
22,521Cr
0.17%
11.96%
17.11%
13.14%
HDFC Nifty 50 Index Fund Direct Growth
6/17
19,877Cr
0.2%
11.89%
17.08%
13.19%
See all
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5Y returns in the top 25% of the category
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Beats FD returns for both 3Y & 5Y
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No bad points found for this fund.

ICICI Prudential Nifty Next 50 Index Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

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ICICI Prudential Nifty Next 50 Index Fund Asset Allocation

See fund asset allocation details as on (13-May-25)

Fund Distribution

as on (13-May-25)

Equity 100%

Debt & Cash 0%

Large cap
89.2%
Mid cap
9.8%
Cash allocation has gone down from 0.1% to 0%
Cash allocation has gone down from 0.1% to 0%

ICICI Prudential Nifty Next 50 Index Fund Sector Allocation

See fund sector allocation details as on (13-May-25)

Sector Allocation

Equity 100%

Debt & Cash 0%

Financial Services
22.6%
Industrial
18.7%
Basic Materials
12.4%
Utilities
9.7%
Consumer Cyclical
9.4%
Consumer Defensive
8.2%
Health
6.9%
Real Estate
3.2%
Communication
3.1%
Energy
2.9%
Tech
2.8%

Top 3 Sectors in April were Financial Services, Industrial & Consumer Defensive

Apr'25

Financial Services

21%

Consumer Defensive

15%

Industrial

14%

Mar'25

Financial Services

21%

Industrial

15%

Consumer Defensive

14%

ICICI Prudential Nifty Next 50 Index Fund Holdings Details

as on (30-Apr-25)

Equity

Top Stocks bought last month
Varun Beverages Ltd's allocation increased from 1.02% to 3.28%
Varun Beverages Ltd's allocation increased from 1.02% to 3.28%
Godrej Consumer Products Ltd's allocation increased from 1.85% to 2.51%
Godrej Consumer Products Ltd's allocation increased from 1.85% to 2.51%
Hindustan Aeronautics Ltd Ordinary Shares's allocation increased from 2.97% to 3.59%
Hindustan Aeronautics Ltd Ordinary Shares's allocation increased from 2.97% to 3.59%
Top Stocks sold last month
Divi's Laboratories Ltd's allocation decreased from 3.4 % to 3.32 %
Divi's Laboratories Ltd's allocation decreased from 3.4 % to 3.32 %
Info Edge (India) Ltd's allocation decreased from 2.67 % to 2.52 %
Info Edge (India) Ltd's allocation decreased from 2.67 % to 2.52 %
Pidilite Industries Ltd's allocation decreased from 2 % to 1.99 %
Pidilite Industries Ltd's allocation decreased from 2 % to 1.99 %

ICICI Prudential Nifty Next 50 Index Fund Direct Growth Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.31%
Benchmark
Nifty Next 50 TR INR
AUM₹7134 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
44.75%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

About ICICI Prudential Nifty Next 50 Index Fund

ICICI Prudential Nifty Next 50 Index Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Nishit Patel. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. ICICI Prudential Nifty Next 50 Index Fund Direct Growth has ₹7134 Cr worth of assets under management (AUM) as on Mar 2025 and is more than category average.
  2. The fund has an expense ratio 0.3.

Returns

ICICI Prudential Nifty Next 50 Index Fund Direct Growth has given a CAGR return of 14.82% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 0.44%, 20.70% and 23.28% respectively.

Holdings

ICICI Prudential Nifty Next 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Defensive, Industrial, Utilities, Basic Materials, Consumer Cyclical, Health, Energy, Real Estate, Communication, Tech. Its top holdings are InterGlobe Aviation Ltd, Hindustan Aeronautics Ltd Ordinary Shares, Divi's Laboratories Ltd, Vedanta Ltd, Varun Beverages 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 benefit
Dividends 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 Next 50 Index Fund Direct Growth

The investment objective of the Scheme is to invest in companies whose securities are included in Nifty Next 50 TRI (the Index) and to endeavor to achieve the returns of the above index as closely as possible, though subject to tracking error. The Scheme will not seek to outperform the Nifty Next 50. The objective is that the performance of the NAV of the Scheme should closely track the performance of the Nifty Next 50 over the same period subject to tracking error. However, there is no assurance that the investment objective of the Scheme will be realized.

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 Next 50 Index Fund Direct Growth has no lock in period.

Fund Manager

Nishit Patel

Fund Manager of ICICI Prudential Nifty Next 50 Index Fund Direct Growth, since 18 January 2021

Learn more about ICICI Mutual Fund
Parameters
Apr'25
Mar'25
Feb'25
AUM
₹ 6.8K Cr
₹ 6.8K Cr
₹ 6.1K Cr
  • AUM of the fund stands at 6.8K Cr as of Apr'25
  • AUM has remained same between Apr'25 and Mar'25

Frequently Asked Questions for ICICI Prudential Nifty Next 50 Index Fund Direct Growth

What is the current NAV of ICICI Prudential Nifty Next 50 Index Fund Direct Growth?

The current NAV of ICICI Prudential Nifty Next 50 Index Fund Direct Growth is ₹60.53 as on 14-May-2025.

What are the average returns of ICICI Prudential Nifty Next 50 Index Fund Direct Growth?

Existing (Absolute + CAGR) as on 14-May-2025.
ICICI Prudential Nifty Next 50 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
6.61%
6.61%
6 Month Returns
-2.85%
-2.85%
1 Year Returns
0.44%
0.44%
3 Years Returns
75.86%
20.7%

How do I invest in ICICI Prudential Nifty Next 50 Index Fund Direct Growth?

With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.

What is the expense ratio of ICICI Prudential Nifty Next 50 Index Fund Direct Growth?

0.31% as on April 2025

What is net assets under management (AUM) of ICICI Prudential Nifty Next 50 Index Fund Direct Growth?

₹7134 Cr as on April 2025

What are the top 5 holdings of ICICI Prudential Nifty Next 50 Index Fund Direct Growth?

InterGlobe Aviation Ltd(4.56%), Hindustan Aeronautics Ltd Ordinary Shares(3.78%), Divi's Laboratories Ltd(3.42%), Vedanta Ltd(3.15%), Varun Beverages Ltd(3.1%) as on April 2025

What are the top 3 sectors that this ICICI Prudential Nifty Next 50 Index Fund Direct Growth has invested in?

Financial Services(20.59%), Consumer Defensive(14.82%), Industrial(14.46%) as on April 2025

What is the alpha of ICICI Prudential Nifty Next 50 Index Fund Direct Growth?

The alpha ratio for the ICICI Prudential Nifty Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
ICICI Prudential Nifty Next 50 Index Fund Direct Growth
-0.67
-0.48
-0.53
As on April 2025
The alpha for ICICI Prudential Nifty Next 50 Index Fund Direct Growth is calculated against Nifty Next 50 TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.

What is the beta of ICICI Prudential Nifty Next 50 Index Fund Direct Growth??

The Beta ratio for the ICICI Prudential Nifty Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
ICICI Prudential Nifty Next 50 Index Fund Direct Growth
1
1
1
As on April 2025
The Beta for ICICI Prudential Nifty Next 50 Index Fund Direct Growth is calculated with Nifty Next 50 TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.

What is the sharpe ratio of ICICI Prudential Nifty Next 50 Index Fund Direct Growth?

The sharpe ratio for the ICICI Prudential Nifty Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
ICICI Prudential Nifty Next 50 Index Fund Direct Growth
-0.23
0.48
0.92
As on April 2025
The sharpe ratio for ICICI Prudential Nifty Next 50 Index Fund Direct Growth is calculated with Nifty Next 50 TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.

What is the standard deviation of ICICI Prudential Nifty Next 50 Index Fund Direct Growth?

The standard deviation for the ICICI Prudential Nifty Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
ICICI Prudential Nifty Next 50 Index Fund Direct Growth
21.91
20.36
17.72
As on April 2025
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.

What is the Sortino ratio of ICICI Prudential Nifty Next 50 Index Fund Direct Growth?

Sortino ratio is 0.73 as on April 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.

Who is the manager of ICICI Prudential Nifty Next 50 Index Fund Direct Growth?

Nishit Patel is the fund manager of ICICI Prudential Nifty Next 50 Index Fund Direct Growth

What is the exit load of ICICI Prudential Nifty Next 50 Index Fund Direct Growth?

The Exit load of ICICI Prudential Nifty Next 50 Index Fund Direct Growth is 0%