ICICI Prudential Nifty Next 50 ETF
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|Risk||Moderately High risk|
More about this fund
|Dabur India Ltd||3.58%|
|SBI Life Insurance Co Ltd||3.56%|
|HDFC Life Insurance Co Ltd||3.55%|
|Shree Cement Ltd||3.51%|
|Godrej Consumer Products Ltd||3.36%|
|Divi's Laboratories Ltd||3.08%|
|Hindustan Petroleum Corp Ltd||2.95%|
|ICICI Lombard General Insurance Co Ltd||2.85%|
|Piramal Enterprises Ltd||2.83%|
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:
- The scheme is suitable for long-term wealth creation for investors with minimal knowledge of equities.
- The 5 years return is higher than the competitive funds.
- 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.
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.
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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