ICICI Prudential Nifty Next 50 ETF - Latest NAV, Returns, Performance & Portfolio

ICICI Prudential Nifty Next 50 ETF

  • highlight--%
  • highlight-0.34(-1.32%)

Start your investment

Sorry!
Currently this fund is not available on ClearTax Invest. We request you to checkout other Related funds

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years--
3 Years--
1 Year--
6 Months-3.28%
Fund Details
ISININF109KC1JI4
RiskModerately High risk
Fund TypeLarge-Cap
NAV25.36
Exit Load--

More about this fundstar

Top HoldingsWeightage
Dabur India Ltd3.58%
SBI Life Insurance Co Ltd3.56%
HDFC Life Insurance Co Ltd3.55%
Shree Cement Ltd3.51%
Godrej Consumer Products Ltd3.36%
Divi's Laboratories Ltd3.08%
Hindustan Petroleum Corp Ltd2.95%
ICICI Lombard General Insurance Co Ltd2.85%
Piramal Enterprises Ltd2.83%
Marico Ltd2.82%

About ICICI Prudential Nifty Next 50 ETF

The ICICI Prudential Nifty Next 50 ETF is an open-ended index scheme that aims to replicate the performance of Nifty Next 50 index. The fund achieves this by investing in companies that are included in the Nifty Next 50 Index. The scheme will only try to achieve returns similar to the aforementioned index and will not try to outperform it.

Pros & Cons of ICICI Prudential Nifty Next 50 ETF

ICICI Prudential Nifty Next 50 ETF offers the following benefits:

  1. The scheme is suitable for long-term wealth creation for investors with minimal knowledge of equities.
  2. The 5 years return is higher than the competitive funds.
  3. However, the assets under management are under 500 crores.

Fund Information and Statistics of ICICI Prudential Nifty Next 50 ETF

i) Inception / Launch date

The ICICI Prudential Nifty Next 50 ETF was launched in August 2018 by ICICI Prudential Mutual Fund.

ii) Risk level

The scheme is a moderately high-risk investment and suitable for investors who are seeking long-term wealth creation.

iii) Redemption

Redemption of Units will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from the date of receipt of the request. As the name suggests, it can also be redeemed by trading on stock exchange.

iv) Fund Manager

The fund is managed by Kayzad Eghlim since June 2010. He is a B. Com (H) and M Com. He has worked with IDFC Investment Advisors Ltd., Prime Securities and Canbank Mutual Fund.

v) Entry / Exit load

The fund house does not charge any entry or exit load. However, brokerage on the sales will have to be borne by the investors.

Tax benefits of investing in ICICI Prudential Nifty Next 50 ETF

The Short-term capital gain tax of 15% will be levied within a year and a long-term capital gain, in excess of Rs 1 lakh, will be taxed at 10% without indexation will be levied after a year. Surcharges will be applicable as per the income slab along with 4% health & education cess.

About ICICI Prudential Mutual Fund

ICICI Prudential mutual fund as the name suggests is a joint venture between ICICI and Prudential Plc. The fund house was started in 1998 in 2 locations and 6 employees. Today, it serves across 200 locations with 1913 employees and an investor base of 3 million. ICICI Prudential aims to simplify investing and help investors achieve their financial goals.

Need help?

Customer Reviewsstar

  • " Great investing experience! Contacted the support with queries.. Got immediate response and all my doubts clarified. Will definitely recommend ClearTax to friends "

    IT Developer, Bangalore
  • " I am new to investments and got all the information I need on your website. The suggestions for mutual fund investments and tax savings are great. "

    Software Engineer, Indore
  • " Investing through ClearTax is super easy and simple. It is extremely helpful for investors with less finance knowledge. "

    Campus Manager, Bangalore

Invest Now in 3 Easy Stepsstar

  • 1
  • 2
  • 3

Why ClearTax Invest?

  • checkOur experts do all the research and offer only the BEST mutual funds
  • checkTrusted by Over 25 Lakh Indians
  • checkInvest in just 5 minutes
  • checkNo paperwork required
  • checkSimple and easy to use

Frequently Asked Questions

  • Read More

Start your investment

Sorry!
Currently this fund is not available on ClearTax Invest. We request you to checkout other Related funds
Need help?
Moderately 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