ICICI Prudential Nifty Next 50 Index Fund Direct Plan Growth
Equity
Direct
Index Funds
NAV: ₹ 57.2 as on 18-04-2024
Fund Performance
26888 people have invested ₹ 9Cr in ICICI Prudential Nifty Next 50 Index Fund Direct Plan Growth in the last three months
Mutual Fund Insights
In the last 5 years, UTI Nifty Next 50 Index Fund Direct Growth has given 17.48% return, outperforming this fund by 0.27% per annum.
In the last 3 years, Kotak Nifty Next 50 Index Fund Direct Growth has given 22.21% return, outperforming this fund by 0.27% per annum.
In the last 1 year, DSP Nifty Next 50 Index Fund Direct Growth has given 61.75% return, outperforming this fund by 0.15%.
Over the last 6 months, this fund has experienced a 47.0% growth in AUM moving from 3.02K Cr to 4.44K Cr.
This fund has one of the lowest expense ratio in the category (index funds). Its expense ratio is 0.3% which is lower than the category average expense ratio of 0.52%.
INDmoney Rank of ICICI Prudential Nifty Next 50 Index Fund Direct Plan Growth
Powered by IND quant engine
5
/12
74% Performance
21% Cost
5 out of 12 among Index-Nifty-Next-50
Pros
5Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y
Cons
No bad points found for this fund.
About the ICICI Prudential Nifty Next 50 Index Fund Direct Plan Growth
ICICI Prudential Nifty Next 50 Index Fund Direct Plan 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
- ICICI Prudential Nifty Next 50 Index Fund Direct Plan Growth has ₹4444 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.3.
ICICI Prudential Nifty Next 50 Index Fund Direct Plan Growth Overview
 | 0.3% |
 Benchmark | IISL Nifty Next 50 TR INR |
 | ₹4444 Cr |
 | 1 January, 2013 |
 | ₹100/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 44.75% |
ICICI Prudential Nifty Next 50 Index Fund Direct Plan Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
87.4%
Mid cap
12.4%
Sector Allocation
Financial Services
23.8%
Industrial
18.4%
Basic Materials
13.1%
Consumer Cyclical
12.2%
Consumer Defensive
11.7%
Utilities
9.2%
Energy
3.4%
Real Estate
3.2%
Health
2.7%
Communication
2.4%
Top Holdings of ICICI Prudential Nifty Next 50 Index Fund Direct Plan Growth as on (31-Mar-24)
Equity Holdings50
ICICI Prudential Nifty Next 50 Index Fund Direct Plan Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 2.79% whereas the fund’s underlying benchmark Nifty Next 50 returns stands at -0.05% as on Mar'24
- This fund outperformed Nifty Next 50 by 2.85% in Mar'24
AUM Change
- AUM of the fund stands at 4.4K Cr as of Mar'24
- AUM increased by 235.1 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in ICICI Prudential Nifty Next 50 Index Fund Direct Plan Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 ABB India Ltd | 20.7% |
 Siemens Ltd | 19.9% |
 Interglobe Aviation Ltd | 18.7% |
Peer Analysis
ICICI Prudential Nifty Next 50 Index Fund Direct Plan Growth Fund Manager
Nishit Patel
Fund Manager of ICICI Prudential Nifty Next 50 Index Fund Direct Plan Growth, since 18 January 2021
Top funds managed
ICICI Prudential Nifty Next 50 Index Fund Direct Plan 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 15.77% since inception which is less than its category average return of 19.06%
Fund Allocations
This fund has an allocation of 99.83% in Equity, 0% in Debt and 0.17% in Cash related instruments
AUM size ₹4444 Cr
This fund has AUM of ₹4444 Cr which is more than its category average of ₹ 689 Cr
Expense Ratio 0.3%
This fund has an expense ratio of 0.3% which is less than its category average expense ratio of 0.5%
Frequently Asked Questions
The current NAV of ICICI Prudential Nifty Next 50 Index Fund Direct Plan Growth is ₹57.2 as on 18-Apr-2024.
Existing (Absolute + CAGR) as on 18-Apr-2024.
ICICI Prudential Nifty Next 50 Index Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 6.89% | 6.89% |
6 Month Returns | 36.77% | 36.77% |
1 Year Returns | 61.6% | 61.6% |
3 Years Returns | 81.3% | 21.94% |
5 Years Returns | 121.17% | 17.2% |
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0.3% as on March 2024
₹4444 Cr as on March 2024
Trent Ltd(4.79%), Bharat Electronics Ltd(3.97%), Tata Power Co Ltd(3.67%), Hindustan Aeronautics Ltd Ordinary Shares(3.43%), Indian Oil Corp Ltd(3.39%) as on March 2024
Financial Services(23.72%), Industrial(18.32%), Basic Materials(13.07%) as on March 2024
The alpha ratio for the ICICI Prudential Nifty Next 50 Index Fund Direct Plan 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 Plan Growth | -0.34 | -0.42 | -0.6 |
As on March 2024
The alpha for ICICI Prudential Nifty Next 50 Index Fund Direct Plan Growth is calculated against IISL 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%.
The Beta ratio for the ICICI Prudential Nifty Next 50 Index Fund Direct Plan 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 Plan Growth | 1 | 1 | 1 |
As on March 2024
The Beta for ICICI Prudential Nifty Next 50 Index Fund Direct Plan Growth is calculated with IISL 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.
The sharpe ratio for the ICICI Prudential Nifty Next 50 Index Fund Direct Plan 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 Plan Growth | 3.1 | 0.93 | 0.64 |
As on March 2024
The sharpe ratio for ICICI Prudential Nifty Next 50 Index Fund Direct Plan Growth is calculated with IISL 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.
The standard deviation for the ICICI Prudential Nifty Next 50 Index Fund Direct Plan 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 Plan Growth | 13.72 | 16.87 | 19.33 |
As on March 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.
Sortino ratio is 1.66 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Nishit Patel is the fund manager of ICICI Prudential Nifty Next 50 Index Fund Direct Plan Growth
The Exit load of ICICI Prudential Nifty Next 50 Index Fund Direct Plan Growth is 0%