ICICI Prudential Nifty Index Plan Regular Growth
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Min amount: ₹100
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|Risk||Moderately High risk|
|Fund Type||Index Funds|
More about this fund
|Reliance Industries Ltd||13.6%|
|HDFC Bank Ltd||9.99%|
|Housing Development Finance Corp Ltd||6.53%|
|ICICI Bank Ltd||5.61%|
|Tata Consultancy Services Ltd||4.91%|
|Kotak Mahindra Bank Ltd||4.25%|
|Hindustan Unilever Ltd||3.91%|
|Bharti Airtel Ltd||2.55%|
About ICICI Prudential Nifty Index Fund
ICICI Prudential Nifty Index Fund is an open-ended index scheme replicating Nifty 50 Index. The fund invests in stocks of companies on the Nifty 50 Index in the same proportion as their constitution on the Index. The scheme does not try to outperform the Index but merely tries to replicate its returns. The fund will invest a maximum of 5% capital in debt and money market instruments.
Pros & Cons of ICICI Prudential Nifty Index Fund
ICICI Prudential Nifty Index Fund offers the following benefits:
- The scheme is suitable for investors seeking long-term capital appreciation by investing in stocks on Nifty 50 Index.
- The fund is an efficient solution for investors not well-versed with investing strategies.
- Notably, long-term fund returns are higher than the average category returns.
Fund Information and Statistics of ICICI Prudential Nifty Index Fund
Inception / Launch date
The ICICI Prudential Nifty Index Fund was launched on February 26, 2002, by ICICI Prudential AMC.
Investment in this fund is a moderately high-risk bet and suitable for long-term investment.
Redemption of Units will be done at applicable NAV prices on every business day. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days.
The fund is managed by Mr Kayzad Eghlim since August 2009. He is a B. Com, M. Com, & MBA and comes with previous work experience with IDFC Investment Advisors Ltd., Prime Securities and Canbank Mutual Fund.
Entry / Exit load
The fund house does not charge any entry load or exit load.
Tax benefits of investing in ICICI Prudential Nifty Index Fund
- A short-term capital gain tax of 15 % is levied is the units are sold within one year from the date of allotment.
- Long-term capital gains, in excess of Rs 1 lakh, are taxed at 10% if the units are sold after one year.
- Dividend distribution may be applicable.
About ICICI Prudential Mutual Fund
ICICI Prudential is a joint venture between ICICI Bank and Prudential Plc which is an international financial services group. The latter manages £669 billion of assets in Asia, US, and UK. ICICI Bank is one of the largest private sector banks in India. The joint venture that was started in 1998, today serves over 3 million investors across 200 locations
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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