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

ICICI Prudential Nifty Next 50 Index Fund - G

NAV  ₹55.1276 ↑ 0.70  (1.28 %) as on 22 Apr 24

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 13% since its launch.  Ranked 5 in Index Fund category.  Return for 2023 was 26.3% , 2022 was 0.1% and 2021 was 29.5% .

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

NAV as on 22 Apr 24₹55.1276 ↑ 0.70  (1.28 %)
Net Assets (AUM) as on 31 Mar 2024 ₹4,444 Cr.
Launch Date25 Jun 2010
CategoryOthers - Index Fund
Rating
TypeOpen Ended Fund
RiskModerately High
AMCICICI Prudential Asset Management Company Limited
Alpha Ratio-0.63
Expense Ratio0.7 %
Sharpe Ratio3.077
Information Ratio-11.93
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 22 Apr 24

DurationReturns
1 Month 7.8%
3 Month 13.2%
6 Month 37.6%
1 Year 60.8%
3 Year 22.1%
5 Year 16.7%
10 Year
15 Year
Since launch 13%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2023 26.3%
2022 0.1%
2021 29.5%
2020 14.3%
2019 0.6%
2018 -8.8%
2017 45.7%
2016 7.6%
2015 6.2%

Growth of 10k Over Years

DateValue
31 Mar 19₹10,000
31 Mar 20₹7,466
31 Mar 21₹12,014
31 Mar 22₹14,462
31 Mar 23₹13,294
31 Mar 24₹21,315
ICICI Prudential Nifty Next 50 Index Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Equity100.26%
ICICI Prudential Nifty Next 50 Index Fund Asset Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
Trent Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | 500251
Apparel Retail5%₹203 Cr523,963
↑ 9,933
Bharat Electronics Ltd (Industrials)
Equity, Since 30 Sep 22 | BEL
Aerospace & Defense4%₹175 Cr8,515,007
↑ 161,393
Shriram Finance Ltd (Financial Services)
Equity, Since 30 Sep 23 | SHRIRAMFIN
Credit Services4%₹161 Cr660,654
↑ 12,522
Tata Power Co Ltd (Utilities)
Equity, Since 31 Aug 22 | 500400
Utilities - Independent Power Producers4%₹150 Cr4,026,034
↑ 76,308
Indian Oil Corp Ltd (Energy)
Equity, Since 31 Mar 22 | IOC
Oil & Gas Refining & Marketing3%₹144 Cr8,728,322
↑ 165,435
DLF Ltd (Real Estate)
Equity, Since 30 Apr 16 | 532868
Real Estate - Development3%₹138 Cr1,529,988
↑ 28,999
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 30 Sep 22 | HAL
Aerospace & Defense3%₹137 Cr445,166
↑ 8,438
TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | 532343
Auto Manufacturers3%₹118 Cr553,419
↑ 10,492
Bank of Baroda (Financial Services)
Equity, Since 30 Sep 21 | 532134
Banks - Regional3%₹117 Cr4,425,804
↑ 83,888
GAIL (India) Ltd (Utilities)
Equity, Since 31 Mar 21 | 532155
Utilities - Regulated Gas3%₹117 Cr6,408,712
↑ 121,469
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Fund Managers

NameSinceTenure
Nishit Patel18 Jan 213.2 Yr.
Priya Sridhar1 Feb 240.16 Yr.
Ajaykumar Solanki1 Feb 240.16 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
₹55.1271
↑ 0.70
37.61 %60.84 %22.06 %16.73 %
ICICI Prudential Nifty Next 50 Index Fund
Normal Dividend, Payout
₹55.1271
↑ 0.70
37.61 %60.84 %22.06 %16.73 %
ICICI Prudential Nifty Next 50 Index Fund
Growth
₹55.1276
↑ 0.70
37.61 %60.84 %22.06 %16.73 %
Data as on 22 Apr 24

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