ICICI Prudential Nifty Next 50 Index Fund -IDCW

ICICI Prudential Nifty Next 50 Index Fund -IDCW is a fund scheme from ICICI mutual fund. It falls under a Index category. After being launched on 2010-06-25. ICICI Prudential Nifty Next 50 Index Fund -IDCW has achieved Rs 6616.28 Crores worth of assets under management (AUM). It allows minimum SIP of Rs 100 and lumpsum of Rs 100 to start the investment. The expense ratio of this fund is 0.66%.

• Investing Strategy:

  To invest in companies whose securities are included in Nifty Junior Index (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 CNX Nifty Junior. The objective is that the performance of the NAV of the Scheme should closely track the performance of the CNX Nifty Junior over the same period subject to tracking error.

• Performance:

  ICICI Prudential Nifty Next 50 Index Fund -IDCW trailing returns over different times are -3.38% (1 year), 15.66% (3 year), 22.08% (5 year). The average annual return of this fund stands at -3.38%

• Fund Manager & Portfolio Allocation:

  Kayzad Eghlim, Nishit Patel, Priya Sridhar, Ajay Kumar Solanki are the current fund managers of this mutual fund. The fund has a majority of its money invested in the top 5 sectors such as Financial Services, Industrials, Utilities, Consumer Cyclical, Consumer Defensive, Sectors. First five holdings of this fund are Zomato Ltd, InterGlobe Aviation Ltd, Jio Financial Services Ltd, Vedanta Ltd, Hindustan Aeronautics Ltd Ordinary Shares, Treps, Net Current Assets Companies.