ICICI Prudential BSE Sensex Index Fund Growth

About Fund

An open-ended index linked growth scheme seeking to track the returns of S&P BSE SENSEX TRI through investments in a basket of stocks drawn from the constituents of the above index. The objective of the Scheme is to invest in companies whose securities are included in S&P BSE SENSEX TRI and subject to tracking errors, to endeavor to achieve the returns of the above index as closely as possible. This would be done by investing in all the stocks comprising the S&P BSE SENSEX TRI in approximately the same weightage that they represent in S&P BSE SENSEX TRI. The Scheme will not seek to outperform the S&P BSE SENSEX TRI or to underperform it. The objective is that the performance of the NAV of the Scheme should closely track the performance of the S&P BSE SENSEX TRI over the same period. However, there can be no assurance that the investment objective of the Scheme will be realized.

The ICICI Prudential BSE Sensex Index Fund Growth has an AUM of 1798.22 crores & has delivered CAGR of 8.65 in the last 5 years. The fund has an exit load of 0.00% and an expense ratio of 0.26%. The minimum investment in ICICI Prudential BSE Sensex Index Fund Growth is Rs 100 and the minimum SIP is Rs 100.

As per morningstar the risk & return rating of the fund are Medium & Good respectively.

The fund has a present cash holding of %. The top holdings of the fund include HDFC Bank, ICICI Bank, Reliance Industries, Bharti Airtel.

The major sectors where the fund is invested are Regional Banks, Oil & Gas Operations, Software & Programming, Communications Services.

Some of the similar funds are SBI Nifty Next 50 Index Fund Regular Growth, Edelweiss Nifty Midcap150 Momentum 50 Index Fund Regular Growth, Axis Nifty 100 Index Fund Regular Growth, HDFC NIFTY50 Equal Weight Index Fund Regular Growth, ICICI Prudential BSE Sensex Index Fund Growth. ICICI Prudential BSE Sensex Index Fund Growth has a sharpe ratio of 0.08 & a standard deviation of 13.60%.