ICICI Prudential Nifty 200 Momentum 30 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV: ₹ 18.12 as on 16-05-2024
About the Fund
ICICI Prudential Nifty 200 Momentum 30 Index Fund Direct Growth is an equity fund. This fund was started on 5 August, 2022. The fund is managed by Nishit Patel. The fund could potentially beat inflation in the long-run.
Key Parameters
- ICICI Prudential Nifty 200 Momentum 30 Index Fund Direct Growth has ₹157 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
- The fund has an expense ratio 0.3.
Fund Performance
1070 people have invested ₹ 3.6Cr in ICICI Prudential Nifty 200 Momentum 30 Index Fund Direct Growth in the last three months
Overview
 | 0.34% |
 Benchmark | Nifty200 Momentum 30 |
 | ₹157 Cr |
 | 5 August, 2022 |
 | ₹5000/₹1000 |
 | 0% |
 | No Lock-in |
 TurnOver | 54.58% |
ICICI Prudential Nifty 200 Momentum 30 Index Fund Direct Growth Distribution as on (30-Apr-24)
Size breakup
Large cap
60.9%
Mid cap
38.8%
Sector Allocation
Consumer Cyclical
28.6%
Industrial
20.2%
Health
18%
Financial Services
12.2%
Real Estate
5.2%
Energy
5.2%
Utilities
4.7%
Consumer Defensive
2.9%
Basic Materials
2.6%
Communication
0.4%
Top Holdings of ICICI Prudential Nifty 200 Momentum 30 Index Fund Direct Growth as on (30-Apr-24)
Equity Holdings30
Gainers & Losers Returns for the month of Apr
Top Losers | 1M Return |
|---|---|
 Larsen & Toubro Ltd | -6.2% |
 DLF Ltd | -5.2% |
 TVS Motor Company Ltd | 6.7% |
Monthly Changes Updates
All changes are between Feb'24 and Apr'24
Fund Performance
- This fund’s returns stands at 5.76% whereas the fund’s underlying benchmark Nifty200 Momentum 30 returns stands at 0.64% as on Apr'24
- This fund outperformed Nifty200 Momentum 30 by 5.13% in Apr'24
AUM Change
- AUM of the fund stands at 156.7 Cr as of Apr'24
- AUM increased by 50.6 Cr between Apr'24 and Mar'24
Fund Portfolio Changes
Peer Analysis
Fund Manager
Nishit Patel
Fund Manager of ICICI Prudential Nifty 200 Momentum 30 Index Fund Direct Growth, since 9 August 2022
Top funds managed
ICICI Prudential Nifty 200 Momentum 30 Index Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 37.44% since inception which is more than its category average return of 18.23%
Fund Allocations
This fund has an allocation of 100.13% in Equity, 0% in Debt and -0.13% in Cash related instruments
AUM size ₹157 Cr
This fund has AUM of ₹157 Cr which is less than its category average of ₹ 723 Cr
Expense Ratio 0.34%
This fund has an expense ratio of 0.34% which is less than its category average expense ratio of 0.5%
Frequently Asked Questions
The current NAV of ICICI Prudential Nifty 200 Momentum 30 Index Fund Direct Growth is ₹18.12 as on 16-May-2024.
Existing (Absolute + CAGR) as on 16-May-2024.
ICICI Prudential Nifty 200 Momentum 30 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.72% | 2.72% |
6 Month Returns | 35.41% | 35.41% |
1 Year Returns | 63.62% | 63.62% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
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.
0.34% as on April 2024
₹157 Cr as on April 2024
Trent Ltd(6.11%), Tata Motors Ltd(5.76%), Hindustan Aeronautics Ltd Ordinary Shares(5.74%), Bajaj Auto Ltd(5.66%), Coal India Ltd(5.1%) as on April 2024
Consumer Cyclical(27.57%), Industrial(21.23%), Health(17.32%) as on April 2024
The alpha ratio for the ICICI Prudential Nifty 200 Momentum 30 Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ICICI Prudential Nifty 200 Momentum 30 Index Fund Direct Growth | -0.84 | - | - |
As on April 2024
The alpha for ICICI Prudential Nifty 200 Momentum 30 Index Fund Direct Growth is calculated against Nifty200 Momentum 30. 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%.
The Beta ratio for the ICICI Prudential Nifty 200 Momentum 30 Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ICICI Prudential Nifty 200 Momentum 30 Index Fund Direct Growth | 0.99 | - | - |
As on April 2024
The Beta for ICICI Prudential Nifty 200 Momentum 30 Index Fund Direct Growth is calculated with Nifty200 Momentum 30. 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.
The sharpe ratio for the ICICI Prudential Nifty 200 Momentum 30 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 200 Momentum 30 Index Fund Direct Growth | 3.38 | - | - |
As on April 2024
The sharpe ratio for ICICI Prudential Nifty 200 Momentum 30 Index Fund Direct Growth is calculated with Nifty200 Momentum 30. 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.
The standard deviation for the ICICI Prudential Nifty 200 Momentum 30 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 200 Momentum 30 Index Fund Direct Growth | 13.91 | - | - |
As on April 2024
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.
Nishit Patel is the fund manager of ICICI Prudential Nifty 200 Momentum 30 Index Fund Direct Growth
The Exit load of ICICI Prudential Nifty 200 Momentum 30 Index Fund Direct Growth is 0%