ICICI Prudential Nifty Next 50 Index Direct-Growth
(Scheme Rating)
NAV as of Nov 11, 2024
64.670.28%
- Growth - Direct
(Earn upto 0.35% Extra Returns with Direct Plan)
Fund Category:
Equity: Large Cap
Expense Ratio:
0.31%(0.45% Category
average)Fund Size:
Rs. 6,759.07 Cr(1.39% of Investment in Category)
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ICICI Prudential Nifty Next 50 Index Direct-Growth
(Scheme Rating)
NAV as of Nov 11, 2024
64.670.28%
Expense Ratio:
0.31%
Fund Size:
Rs. 6,759.07 Cr
Fund Category:
Equity: Large Cap
1. Current NAV: The Current Net Asset Value of the ICICI Prudential Nifty Next 50 Index Fund - Direct Plan as of Nov 11, 2024 is Rs 64.67 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 52.33% (1yr), 17.4% (3yr), 19.97% (5yr) and 16.06% (since launch). Whereas, Category returns for the same time duration are: 32.952146062155194% (1yr), 13.206860332216438% (3yr) and 17.114027895192365% (5yr).
3. Fund Size: The ICICI Prudential Nifty Next 50 Index Fund - Direct Plan currently holds Assets under Management worth of Rs 7183.7182 crore as on Sep 30, 2024.
4. Expense ratio: The expense ratio of the fund is 0.31% for Direct plan as on Oct 31, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
ICICI Prudential Nifty Next 50 Index Direct-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns -7.14 -3.78 9.63 52.94 17.44 19.98 Category Avg -4.51 -1.90 9.63 32.80 13.48 17.09 Rank within Category 97 86 60 6 13 9 No. of funds within Category 169 165 160 154 113 92 - Loading...
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Return Comparison
- This Fund
- BenchmarkNIFTY Next 50 Total Return Index
Choose from Benchmarks
- S&P BSE Sensex
- Nifty 50
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- 3M
- 6M
- 1Y
- 5Y
ICICI Prudential Nifty Next 50 Index Direct-Growth Fund Details
Investment Objective - The objective of the fund is to invest in companies whose securities are included in Nifty Next 50 Index and to endeavor to achieve the returns of the above index as closely as possible.
| Fund House | ICICI Prudential Mutual Fund |
| Launch Date | Jan 01, 2013 |
| Benchmark | NIFTY Next 50 Total Return Index |
| Return Since Launch | 16.08% |
| Riskometer | Very High |
| Type | Open-ended |
| Risk Grade | High |
| Return Grade | Above Average |
ICICI Prudential Nifty Next 50 Index Direct-Growth Investment Details
| Minimum Investment (Rs.) | 100.00 |
| Minimum Additional Investment (Rs.) | 100.00 |
| Minimum SIP Investment (Rs.) | 100.00 |
| Minimum Withdrawal (Rs.) | 1.00 |
| Exit Load | 0% |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
| OCT 2024 | SEP 2024 | AUG 2024 | JUL 2024 | JUN 2024 | MAY 2024 | |
|---|---|---|---|---|---|---|
| Number of Holdings | 50 | 50 | 50 | 50 | 50 | 50 |
| Top 5 Company Holdings | 20.31% | 19.76% | 22.24% | 21.6% | 21.7% | 22.09% |
| Top 10 Company Holdings | 36.92% | 36.28% | 37.84% | 37.26% | 36.75% | 37.39% |
| Company with Highest Exposure | Hindustan Aero (4.33%) | Vedanta (4.23%) | Trent (6.85%) | Trent (5.62%) | Trent (5.53%) | Bharat Electronics (5.26%) |
| Number of Sectors | 13 | 13 | 13 | 13 | 13 | 13 |
| Top 3 Sector Holdings | 44.52% | 44.87% | 51.43% | 50.72% | 51.78% | 52.04% |
| Top 5 Sector Holdings | 62.84% | 63.83% | 72.38% | 72.02% | 72.54% | 73.27% |
| Sector with Highest Exposure | Financial (18.33%) | Financial (18.11%) | Financial (18.1%) | Financial (18.54%) | Financial (18.56%) | Financial (19.34%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Vedanta Metals & Mining 4.23 15.34 29.00 86.17 Hindustan Aero Capital Goods 4.09 34.42 123.27 114.29 Interglobe Aviation Services 4.03 22.78 171.78 58.89 Tata Power Company Energy 3.96 35.33 11.72 70.45 Power Fin. Corp. Financial 3.45 7.61 61.41 62.08 REC Financial 3.37 9.10 56.53 59.84 Divi's Laboratories Healthcare 3.36 84.02 69.16 67.76 Indian Oil Corporation Energy 3.28 11.18 12.42 41.77 Cholamandalam Investment and Finance Company Financial 3.26 27.05 45.84 9.64 TVS Motor Company Automobile 3.25 61.44 39.72 49.06
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y ICICI Prudential Nifty Next 50 Index Direct-Growth 64.67 6,759.07 -9.16 49.46 16.12 19.45 ICICI Prudential BHARAT 22 FOF Direct - Growth 33.21 2,165.02 -3.80 44.07 33.22 25.25 Nippon India Large Cap Fund Direct-Growth 96.57 34,105.04 -3.79 32.72 18.94 20.77 ICICI Prudential Nifty Alpha Low Volatility 30 ETF FOF Direct - Growth 15.78 809.67 -8.49 35.22 16.43 - JM Large Cap Fund Direct Plan-Growth 177.59 456.66 -4.00 34.26 15.80 19.24
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
High Volatality
18.00VS13.84Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
1.20VS1.00Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
0.73VS0.64Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
10.98VS8.90Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
3.30VS0.74Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
19.03VS14.80Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
ICICI Prudential Mutual Fund News
Fund Manager
- N.P.Nishit PatelSince Jan 202120 schemes
- P.S.Priya SridharSince Feb 202417 schemes
- A.K.Ajay Kumar SolankiSince Feb 20249 schemes
Mr. Patel is a B.Com & Chartered Accountant Prior to joining ICICI Prudential Mutual fund, he has worked with K.K.Dand & Co.
Ms. Sridhar has done B.Com and M.F.M Prior to joining ICICI Prudential Mutual Fund, she has worked with ITI Mutual Fund and LIC Housing Finance Ltd
Mr. Solanki has done B.Com, CA and CFA Level-III Prior to joining ICICI Prudential Mutual Fund, he has worked with GPS & Associates
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y ICICI Prudential BHARAT 22 FOF Direct - Growth Large Cap 33.21 2,165.02 46.81 ICICI Prudential Equity Savings Fund Direct-Growth Equity Savings 22.98 12,406.21 10.74 ICICI Prudential Equity Arbitrage Direct-Growth Arbitrage 35.14 24,997.26 8.15 ICICI Prudential Nifty 50 Index Direct Plan-Growth Large Cap 251.10 11,563.15 25.17 ICICI Prudential BSE Sensex Index Fund Direct - Growth Large Cap 26.13 1,711.22 23.52 ICICI Prudential Nifty Midcap 150 Index Fund Direct - Growth Mid Cap 18.49 Unrated 565.80 36.31 ICICI Prudential Nifty Bank Index Fund Direct - Growth Sectoral-Banking 14.83 Unrated 497.39 19.00 ICICI Prudential Nifty IT Index Fund Direct - Growth Sectoral-Technology 14.66 Unrated 487.38 40.65 ICICI Prudential Nifty Smallcap 250 Index Fund Direct - Growth Small Cap 17.88 Unrated 423.70 38.36
More ICICI Prudential Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Bluechip Fund Direct-Growth | 66,206.57 | -5.15 | 1.63 | 11.70 | 38.21 | 17.57 | |
| ICICI Prudential Balanced Advantage Direct-Growth | 62,050.92 | -2.21 | 2.05 | 8.60 | 22.50 | 13.13 | |
| ICICI Prudential Value Discovery Direct-Growth | 51,197.82 | -4.47 | 2.28 | 14.22 | 41.46 | 22.53 | |
| ICICI Prudential Multi Asset Fund Direct-Growth | 50,495.58 | -1.74 | 3.20 | 9.79 | 30.74 | 19.90 | |
| ICICI Prudential Liquid Fund Direct Plan-Growth | 46,302.79 | 0.59 | 1.78 | 3.58 | 7.49 | 6.22 | |
| ICICI Prudential Equity & Debt Fund Direct-Growth | 41,395.98 | -3.63 | 2.40 | 10.28 | 35.17 | 19.92 | |
| ICICI Prudential Corporate Bond Fund Direct Plan -Growth | 26,853.66 | 0.70 | 2.18 | 4.34 | 8.39 | 6.69 | |
| ICICI Prudential India Opportunities Fund Direct - Growth | 24,792.55 | -5.07 | 3.37 | 14.75 | 41.50 | 25.51 | |
| ICICI Prudential Money Market Direct-Growth | 24,630.82 | 0.64 | 1.85 | 3.72 | 7.79 | 6.47 | |
| ICICI Prudential Equity Arbitrage Direct-Growth | 23,957.52 | 0.58 | 1.83 | 3.83 | 8.08 | 6.71 |
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1. ICICI Prudential Nifty Next 50 Index Fund - Direct Plan is Open-ended Large Cap Equity scheme which belongs to ICICI Prudential Mutual Fund House.
2. The fund was launched on Jan 01, 2013.
Investment objective & Benchmark
1. The investment objective of the fund is that " The objective of the fund is to invest in companies whose securities are included in Nifty Next 50 Index and to endeavor to achieve the returns of the above index as closely as possible. "
2. It is benchmarked against NIFTY Next 50 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.93592694% in equities, 0.0% in debts and 0.06407283% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 36.28% of the assets, the top 3 sectors constitute around 44.870000000000005% of the assets.
3. The fund largely follows a Blend oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on ICICI Prudential Nifty Next 50 Index Direct-Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
FAQs about ICICI Prudential Nifty Next 50 Index Direct-Growth
- Is it safe to invest in ICICI Prudential Nifty Next 50 Index Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the ICICI Prudential Nifty Next 50 Index Fund - Direct Plan comes under Very High risk category.
- What is the category of ICICI Prudential Nifty Next 50 Index Fund - Direct Plan?ICICI Prudential Nifty Next 50 Index Fund - Direct Plan belongs to the Equity : Large Cap category of funds.
- How Long should I Invest in ICICI Prudential Nifty Next 50 Index Fund - Direct Plan?The suggested investment horizon of investing into ICICI Prudential Nifty Next 50 Index Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the ICICI Prudential Nifty Next 50 Index Fund - Direct Plan?The ICICI Prudential Nifty Next 50 Index Fund - Direct Plan is managed by Nishit Patel (Since Jan 16, 2021) , Priya Sridhar (Since Feb 01, 2024) and Ajay Kumar Solanki (Since Feb 01, 2024).
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