ICICI Prudential Nifty Top 15 Equal Weight Index Fund Direct Growth

ICICI Prudential Nifty Top 15 Equal Weight Index Fund Direct Growth is an equity fund. This fund was started on 26 June, 2025. The fund is managed by Nishit Patel. The fund could potentially beat inflation in the long-run.

1. ICICI Prudential Nifty Top 15 Equal Weight Index Fund Direct Growth has ₹12 Cr worth of assets under management (AUM) as on Jul 2025 and is more than category average.
2. The fund has an expense ratio 0.4.
   

ICICI Prudential Nifty Top 15 Equal Weight Index Fund Direct Growth has given a CAGR return of -3.69% since inception.

ICICI Prudential Nifty Top 15 Equal Weight Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Defensive, Tech, Consumer Cyclical, Energy, Communication, Industrial. Its top holdings are State Bank of India, Reliance Industries Ltd, Bharti Airtel Ltd, ICICI Bank Ltd, Larsen & Toubro 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 Top 15 Equal Weight Index, 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 Top 15 Equal Weight Index in the same weightage that they represent in Nifty Top 15 Equal Weight Index. 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 1000.00 and for SIP is INR 1000.00. ICICI Prudential Nifty Top 15 Equal Weight Index Fund Direct Growth has no lock in period.