ICICI Prudential Nifty Next 50 Index Fund -IDCW

ICICI Prudential Nifty Next 50 Index Fund -IDCW is a scheme launched by ICICI Mutual Fund on June 25, 2010, and falls under the Index fund category. It currently manages an AUM of Rs 7,691.74 crore. The fund permits investments with a minimum SIP of Rs 100 and a lump sum of Rs 100. It charges an expense ratio of 0.66% for managing the portfolio.

• 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 -9.68% (1 year), 15.06% (3 year) and 19.98% (5 year). The average annual return of this fund stands at 0.14%.