ICICI Prudential Nifty IT Index Fund - Growth

ICICI Prudential Nifty IT Index Fund - Growth is a scheme launched by ICICI Mutual Fund on August 18, 2022, and falls under the Index fund category. It currently manages an AUM of Rs 414.51 crore. The fund permits investments with a minimum SIP of Rs 1000 and a lump sum of Rs 1000. It charges an expense ratio of 0.88% for managing the portfolio.

• Investing Strategy:

  The objective of the Scheme is to invest in companies whose securities are included in Nifty IT 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 Nifty IT Index in the same weightage that they represent in Nifty IT Index.

• Performance:

  ICICI Prudential Nifty IT Index Fund - Growth trailing returns over different times are -24.07% (1 year), 1.1% (3 year) and 0% (5 year). The average annual return of this fund stands at -26.54%.