ICICI Prudential Nifty50 Equal Weight Index Fund- Growth

ICICI Prudential Nifty50 Equal Weight Index Fund- Growth is a scheme launched by ICICI Mutual Fund on October 03, 2022, and falls under the Index fund category. It currently manages an AUM of Rs 147.19 crore. The fund permits investments with a minimum SIP of Rs 1000 and a lump sum of Rs 5000. It charges an expense ratio of 0.97% for managing the portfolio.

• Investing Strategy:

  The objective of the Scheme is to invest in companies whose securities are included in Nifty50 Equal Weight Index and subject to tracking errors, to endeavor to achieve the returns of the above index. This would be done by investing in all the stocks comprising the Nifty50 Equal Weight Index in the same weightage that they represent in Nifty50 Equal Weight Index.

• Performance:

  ICICI Prudential Nifty50 Equal Weight Index Fund- Growth trailing returns over different times are -0.83% (1 year), 0% (3 year) and 0% (5 year). The average annual return of this fund stands at 10.35%.