ICICI Prudential Nifty Index Plan Direct Growth
Min amount: ₹100
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Very High Risk|
|Fund Type||Index Funds|
More about this fund
|Reliance Industries Ltd Shs Dematerialised||10.36%|
|HDFC Bank Ltd||9.8%|
|Housing Development Finance Corp Ltd||6.82%|
|ICICI Bank Ltd||6.8%|
|Tata Consultancy Services Ltd||4.86%|
|Kotak Mahindra Bank Ltd||3.93%|
|Hindustan Unilever Ltd||3.1%|
|Axis Bank Ltd||2.79%|
About ICICI Prudential Nifty Index Fund - Direct Plan - Growth
The primary intention of the fund is to track and emulate the performance of the NSE Nifty 50 index. This is made possible by investing in the same shares in the exact same weightage that the Nifty index is composed of.
Pros and Cons of ICICI Prudential Nifty Index Fund - Direct Plan - Growth
The most significant benefit of investing in this fund is that you gain exposure towards the top-performing stocks across all sectors of the market. Also, it is easy to track the performance of this fund since it tracks the NSE Nifty 50 index. On the flip side, the fund is easily influenced by the market movements.
Fund Information and Statistics
i) Inception/Launch Date
ICICI Prudential Nifty Index Fund - Direct Plan - Growth was launched on 1 January 2013.
ii) Risk Level
ICICI Prudential Nifty Index Fund - Direct Plan - Growth has been categorised under ‘moderately high risk’ class of mutual funds.
Since this mutual fund scheme is open-ended, you can redeem your investments at any time.
iv) Fund Manager
Mr Kayzad Eghlim is the current fund manager of ICICI Prudential Nifty Index Fund - Direct Plan - Growth.
v) Entry/Exit Load
This mutual fund scheme comes with no entry load as per the instructions of the Securities and Exchange Board of India (SEBI). There are no exit load charges as well.
About ICICI Prudential Mutual Fund
The joint venture between Prudential Plc and ICICI Bank Ltd in the year 1999 resulted in the establishment of the ICICI Prudential Mutual Fund. The fund house registered itself with the Securities and Exchange Board of India with ICICI Prudential Trustee Ltd as its trustee. It is now one of the leading fund houses in the country with its assets under management touching a whopping Rs 3.67 lakh crore as of June 2020.
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Min amount: ₹100
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns