ICICI Prudential Nifty Next 50 Index Fund Direct Plan Growth - Regular - Latest NAV [ ₹31.183 ], Returns, Performance, Portfolio & Returns 2021

ICICI Prudential Nifty Next 50 Index Fund Direct Plan Growth

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    12.63%
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    (+0.14)31.183

Min amount: ₹100

Calculate Returns

Rs. 100 invested monthly becomes Rs. 1.09 Lakhs in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years12.63%
3 Years4.47%
1 Year45.98%
6 Months24.59%
Fund Details
ISININF109K01Y80
RiskVery High Risk
Fund TypeIndex Funds
NAV31.183
Exit Load--

More about this fundstar

Top HoldingsWeightage
Vedanta Ltd3.83%
Adani Green Energy Ltd3.69%
Avenue Supermarts Ltd3.46%
Info Edge (India) Ltd3.29%
ICICI Lombard General Insurance Co Ltd3.1%
Dabur India Ltd Shs Dematerialised3.03%
Apollo Hospitals Enterprise Ltd2.92%
Adani Enterprises Ltd Shs Dematerialised2.84%
Godrej Consumer Products Ltd Shs Dematerialised2.73%
Pidilite Industries Ltd Shs Dematerialised2.73%

About ICICI Prudential Nifty Next 50 Index Fund - Direct Plan - Growth

The primary objective of ICICI Prudential Nifty Next 50 Index Fund - Direct Plan - Growth is to emulate and track the performance of the NSE Nifty50 index. This is made possible by investing in the same securities that the Nifty50 index is comprised of.

Pros and Cons of ICICI Prudential Nifty Next 50 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. The performance of this fund can be easily gauged as the asset allocation is the same as that of the Nifty index. On the flip side, the fund can be volatile. Hence, investors should stay invested for a minimum of five years to mitigate market volatility.

Fund Information and Statistics

i) Inception/Launch Date

ICICI Prudential Nifty Next 50 Index Fund - Direct Plan - Growth was launched on 1 January 2013.

ii) Risk Level

ICICI Prudential Nifty Next 50 Index Fund - Direct Plan - Growth has been categorised under ‘moderately high risk’ class of mutual funds.

iii) Redemption

Since ICICI Prudential Nifty Next 50 Index Fund - Direct Plan - Growth is an open-ended mutual fund scheme, you can redeem your investment at any time.

iv) Fund Manager

Mr Kayzad Eghlim is the current fund manager of ICICI Prudential Nifty Next 50 Index Fund - Direct Plan - Growth.

v) Entry/Exit load

There is no entry load in order to comply with the regulatory requirements of the Securities and Exchange Board of India (SEBI). This fund comes with no exit load as well.

About ICICI Prudential Mutual Fund

The ICICI Prudential Mutual Fund was formed due to a joint venture between ICICI Bank Ltd and Prudential Plc in December 1999. It registered with the Securities and Exchange Board of India (SEBI) with ICICI Prudential Trust Ltd as its trustee. The ICICI fund house is now one of the largest asset management companies in India with assets worth Rs 3.67 lakh crore under its management as of June 2020.

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Min amount: ₹100

Calculate Returns

Rs. 100 invested monthly becomes Rs. 1.09 Lakhs in a period of 20 years
Very High Risk

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