ICICI Prudential Nifty Next 50 Index Fund Direct Plan Growth
Min amount: ₹100
- Fund Summary
- More about Fund
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- Why Cleartax
|Risk||Very High Risk|
|Fund Type||Index Funds|
More about this fund
|Adani Green Energy Ltd||3.69%|
|Avenue Supermarts Ltd||3.46%|
|Info Edge (India) Ltd||3.29%|
|ICICI Lombard General Insurance Co Ltd||3.1%|
|Dabur India Ltd Shs Dematerialised||3.03%|
|Apollo Hospitals Enterprise Ltd||2.92%|
|Adani Enterprises Ltd Shs Dematerialised||2.84%|
|Godrej Consumer Products Ltd Shs Dematerialised||2.73%|
|Pidilite Industries Ltd Shs Dematerialised||2.73%|
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.
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
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