Fincash » Mutual Funds » ICICI Prudential Nifty Next 50 Index Fund
Table of Contents 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 Below is the key information for ICICI Prudential Nifty Next 50 Index Fund Returns up to 1 year are on Historical performance (Yearly) on absolute basis ICICI Prudential Nifty Next 50 Index Fund - G
Scheme Objective
CAGR return of 14.2% since its launch. Ranked 5 in Index Fund category. Return for 2023 was 26.3% , 2022 was 0.1% and 2021 was 29.5% . NAV as on 10 Sep 24 ₹65.7757 ↑ 0.14 (0.22 %) Net Assets (AUM) as on 31 Jul 2024 ₹6,644 Cr. Launch Date 25 Jun 2010 Category Others - Index Fund Rating ☆☆☆☆☆ Type Open Ended Fund Risk Moderately High AMC ICICI Prudential Asset Management Company Limited Alpha Ratio -0.65 Expense Ratio 0.7 % Sharpe Ratio 3.237 Information Ratio -12.58 Benchmark Not Available Min Investment ₹5,000 Min SIP Investment ₹100 Exit Load 0-7 Days (0.25%),7 Days and above(NIL) NAV Price Chart
Returns
Annual Compounded Returns
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Sep 24 Duration Returns 1 Month 2.6% 3 Month 7.8% 6 Month 23.7% 1 Year 61.7% 3 Year 20.4% 5 Year 23.2% 10 Year 15 Year Since launch 14.2% Historical Annual Returns
Year Returns 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
Date Value 31 Aug 19 ₹10,000 31 Aug 20 ₹10,121 31 Aug 21 ₹15,603 31 Aug 22 ₹16,468 31 Aug 23 ₹16,706 31 Aug 24 ₹28,308 
Asset Allocation
Asset Class Value Cash 0.2% Equity 99.8% 
Top Securities Holdings / Portfolio
Holdings/Securities
Name Global Industry Holding Value Quantity Trent Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | 500251Apparel Retail 6% ₹373 Cr 639,632
↑ 49,902 Bharat Electronics Ltd (Industrials)
Equity, Since 30 Sep 22 | BELAerospace & Defense 5% ₹329 Cr 10,394,777
↑ 810,976 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 30 Sep 22 | HALAerospace & Defense 4% ₹268 Cr 543,441
↑ 42,398 Power Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 24 | 532810Credit Services 4% ₹235 Cr 4,214,002
↑ 328,767 REC Ltd (Financial Services)
Equity, Since 31 Mar 24 | 532955Credit Services 3% ₹231 Cr 3,591,702
↑ 280,216 Tata Power Co Ltd (Utilities)
Equity, Since 31 Aug 22 | 500400Utilities - Independent Power Producers 3% ₹223 Cr 4,914,820
↑ 383,441 Vedanta Ltd (Basic Materials)
Equity, Since 31 Mar 21 | 500295Other Industrial Metals & Mining 3% ₹220 Cr 4,879,812
↑ 1,100,283 InterGlobe Aviation Ltd (Industrials)
Equity, Since 30 Sep 16 | INDIGOAirlines 3% ₹215 Cr 481,667
↑ 37,578 Indian Oil Corp Ltd (Energy)
Equity, Since 31 Mar 22 | IOCOil & Gas Refining & Marketing 3% ₹194 Cr 10,655,182
↑ 831,290 GAIL (India) Ltd (Utilities)
Equity, Since 31 Mar 21 | 532155Utilities - Regulated Gas 3% ₹189 Cr 7,823,497
↑ 610,368
Talk to our investment specialistFund Managers
Name Since Tenure Nishit Patel 18 Jan 21 3.54 Yr. Priya Sridhar 1 Feb 24 0.5 Yr. Ajaykumar Solanki 1 Feb 24 0.5 Yr. Custodians
Company Address Deutsche Bank AG Deutsche Bank AG,Kodak House, 22, D.N. Road, HDFC Bank Ltd HDFC Bank House,Kamala Mills Compound,Senapati Bapat Marg,,Lower Parel (W), Citibank N.A. India Trent House, 3rd Floor, G Block,,Plot No.60, Next to Citibank,,Bandra Kurla Complex,,Bandra (East), HSBC Ltd II Floor "Shiv",,Plot No 139-140 B,,Western Express Highway, Sahar Road Junction,,Vile Parle (E), Registrar & Transfer Agent
Computer Age Management Services Ltd Address New No.10, Old No.178,,Kodambakkam High Road,,Opp. Hotel Palmgrove,,Nungambakkam FAX 91-44-28283610 Email enq_L@camsonline.com Administrator Companies
Company Address ICICI Prudential Mutual Fund One BKC, A-Wing, 13th Floor, Bandra Kurla Complex Mumbai 400051 Auditors
Company Address S. R. BATLIBOI & Co Express Tower, 6th Floor,Nariman Point,Mumbai All Plan & Options
Fund and Plan NAV 6 Month 1 Year 3 Year 5 Year ICICI Prudential Nifty Next 50 Index Fund
Normal Dividend, Reinvestment ₹65.775
↑ 0.14 23.7 % 61.68 % 20.45 % 23.15 % ICICI Prudential Nifty Next 50 Index Fund
Normal Dividend, Payout ₹65.775
↑ 0.14 23.7 % 61.68 % 20.45 % 23.15 % ICICI Prudential Nifty Next 50 Index Fund
Growth ₹65.7757
↑ 0.14 23.7 % 61.68 % 20.45 % 23.15 % Data as on 10 Sep 24
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data.
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