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Fincash » Mutual Funds » ICICI Prudential Nifty Next 50 Index Fund

ICICI Prudential Nifty Next 50 Index Fund - G

NAV  ₹42.6623 ↑ 0.41  (0.97 %) as on 1 Dec 23

Scheme Objective

The fund's objective is to invest in companies whose securities are included in Nifty Junior Index and to endeavor to achieve the returns of the above index as closely as possible, though subject to tracking error. The fund intends to track only 90-95% of the Index i.e. it will always keep cash balance between 5-10% of the Net Asset to meet the redemption and other liquidity requirements. However, as and when the liquidity in the Index improves the fund intends to track up to 100% of the Index. The fund will not seek to outperform the CNX Nifty Junior. The objective is that the performance of the NAV of the fund should closely track the performance of the CNX Nifty Junior over the same period subject to tracking error.

ICICI Prudential Nifty Next 50 Index Fund is a Others - Index Fund fund launched on 25 Jun 10. It is a fund with Moderately High risk and has given a CAGR return of 11.4% since its launch.  Ranked 5 in Index Fund category.  Return for 2022 was 0.1% , 2021 was 29.5% and 2020 was 14.3% .

Below is the key information for ICICI Prudential Nifty Next 50 Index Fund

NAV as on 1 Dec 23₹42.6623 ↑ 0.41  (0.97 %)
Net Assets (AUM) as on 31 Oct 2023 ₹2,991 Cr.
Launch Date25 Jun 2010
CategoryOthers - Index Fund
Rating
TypeOpen Ended Fund
RiskModerately High
AMCICICI Prudential Asset Management Company Limited
Alpha Ratio-0.7
Expense Ratio0.7 %
Sharpe Ratio-0.177
Information Ratio-10.75
BenchmarkNot Available
Min Investment ₹5,000
Min SIP Investment ₹100
Exit Load 0-7 Days (0.25%),7 Days and above(NIL)

Returns

Annual Compounded Returns

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Dec 23

DurationReturns
1 Month 10.8%
3 Month 8.2%
6 Month 15.1%
1 Year 10.5%
3 Year 16.3%
5 Year 11.8%
10 Year
15 Year
Since launch 11.4%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2022 0.1%
2021 29.5%
2020 14.3%
2019 0.6%
2018 -8.8%
2017 45.7%
2016 7.6%
2015 6.2%
2014 43.6%

Growth of 10k Over Years

DateValue
30 Nov 18₹10,000
30 Nov 19₹10,347
30 Nov 20₹10,944
30 Nov 21₹15,004
30 Nov 22₹15,736
30 Nov 23₹17,282
ICICI Prudential Nifty Next 50 Index Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash0.03%
Equity99.97%
ICICI Prudential Nifty Next 50 Index Fund Asset Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
Shriram Finance Ltd (Financial Services)
Equity, Since 30 Sep 23 | SHRIRAMFIN
Credit Services4%₹118 Cr629,214
↑ 9,377
Bharat Electronics Ltd (Industrials)
Equity, Since 30 Sep 22 | BEL
Aerospace & Defense4%₹108 Cr8,113,999
↑ 120,936
Trent Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | 500251
Apparel Retail4%₹108 Cr499,286
↑ 7,441
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Sep 21 | CHOLAFIN
Credit Services3%₹102 Cr894,255
↑ 13,328
Godrej Consumer Products Ltd (Consumer Defensive)
Equity, Since 30 Sep 12 | 532424
Household & Personal Products3%₹85 Cr857,252
↑ 12,776
Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Apr 16 | PIDILITIND
Specialty Chemicals3%₹85 Cr345,552
↑ 5,150
TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | 532343
Auto Manufacturers3%₹84 Cr527,355
↑ 7,860
Bank of Baroda (Financial Services)
Equity, Since 30 Sep 21 | 532134
Banks - Regional3%₹83 Cr4,217,372
↑ 62,857
ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 18 | ICICIGI
Insurance - Diversified3%₹80 Cr578,842
↑ 8,627
DLF Ltd (Real Estate)
Equity, Since 30 Apr 16 | 532868
Real Estate - Development3%₹79 Cr1,401,860
↑ 20,893
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Fund Managers

NameSinceTenure
Kayzad Eghlim25 Jun 1013.36 Yr.
Nishit Patel18 Jan 212.79 Yr.

Custodians

CompanyAddress
Deutsche Bank AGDeutsche Bank AG,Kodak House, 22, D.N. Road,
HDFC Bank LtdHDFC Bank House,Kamala Mills Compound,Senapati Bapat Marg,,Lower Parel (W),
Citibank N.A. IndiaTrent House, 3rd Floor, G Block,,Plot No.60, Next to Citibank,,Bandra Kurla Complex,,Bandra (East),
HSBC LtdII Floor "Shiv",,Plot No 139-140 B,,Western Express Highway, Sahar Road Junction,,Vile Parle (E),

Registrar & Transfer Agent

Computer Age Management Services Ltd
AddressNew No.10, Old No.178,,Kodambakkam High Road,,Opp. Hotel Palmgrove,,Nungambakkam
FAX91-44-28283610
Emailenq_L@camsonline.com

Administrator Companies

CompanyAddress
ICICI Prudential Mutual FundOne BKC, A-Wing, 13th Floor, Bandra Kurla Complex Mumbai 400051

Auditors

CompanyAddress
S. R. BATLIBOI & CoExpress Tower, 6th Floor,Nariman Point,Mumbai

All Plan & Options

Fund and PlanNAV6 Month1 Year3 Year5 Year
ICICI Prudential Nifty Next 50 Index Fund
Normal Dividend, Reinvestment
₹42.6622
↑ 0.41
15.06 %10.47 %16.32 %11.78 %
ICICI Prudential Nifty Next 50 Index Fund
Normal Dividend, Payout
₹42.6622
↑ 0.41
15.06 %10.47 %16.32 %11.78 %
ICICI Prudential Nifty Next 50 Index Fund
Growth
₹42.6623
↑ 0.41
15.06 %10.47 %16.32 %11.78 %
Data as on 1 Dec 23

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data.