ICICI Prudential Nifty Next 50 Index Fund Growth

About Fund

The investment objective of the Scheme is to invest in companies whose securities are included in Nifty Next 50 TRI (the Index) and to endeavor to achieve the returns of the above index as closely as possible, though subject to tracking error. The Scheme will not seek to outperform the Nifty Next 50. The objective is that the performance of the NAV of the Scheme should closely track the performance of the Nifty Next 50 over the same period subject to tracking error. However, there is no assurance that the investment objective of the Scheme will be realized.

The ICICI Prudential Nifty Next 50 Index Fund Growth has an AUM of 7604.43 crores & has delivered CAGR of 13.32 in the last 5 years. The fund has an exit load of 0.00% and an expense ratio of 0.70%. The minimum investment in ICICI Prudential Nifty Next 50 Index Fund Growth is Rs 100 and the minimum SIP is Rs 100.

As per morningstar the risk & return rating of the fund are High & Exceptional respectively.

The fund has a present cash holding of %. The top holdings of the fund include Adani Power, Tata Motors, Divi's Laboratories, Hindustan Aeronautics.

The major sectors where the fund is invested are Electric Utilities, Consumer Financial Services, Regional Banks, Auto & Truck Parts.

Some of the similar funds are ICICI Prudential Nifty Next 50 Index Fund Growth, UTI Nifty Next 50 Index Fund Regular Growth, UTI Nifty200 Momentum 30 Index Fund Regular Growth, SBI Nifty Index Fund Regular Growth, HDFC BSE Sensex Index Fund. ICICI Prudential Nifty Next 50 Index Fund Growth has a sharpe ratio of 0.72 & a standard deviation of 20.36%.