ICICI Pru Nifty Next 50 Index Fund(G)-Direct Plan

View the regular plan of this scheme

Rs 55.9543   0.6737(1.219 %) NAV as on 28 Mar 2024
Prime Rating: 3.5 
Prime Recommendation: Upgrade to see

Fund type:
Equity
AUM (in crores):
₹ 4,208.5
Fund category:
Index Funds
Fund manager(s):
Nishit Patel, Priya Shridhar, Ajaykumar Solanki
Benchmark:
NIFTY NEXT 50 - TRI
Minimum investment:
₹ 100
Launch date:
01 Jan 2013
Min. additional investment:
₹ 100
Expense ratio:
0.3 %
Exit load:
Nil

Scheme Objective: The objective of the fund 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 Assets to meet the redemptions and other liquidity requirements. However, as and when the liquidity in the Index improves the fund intends to track upto 100% of the Index.


Performance (As on 28 Mar 2024)

6 month returns 1 year returns3 year returns5 year returns Returns since inception
Scheme32.56 % 60.80 % 21.23 %17.05 % 15.48 %
NIFTY NEXT 5036.09 % 63.75 % 21.24 %16.79 % N/A

Portfolio

Top 10 stock holdings
Allocation (%)
Trent Ltd.
4.83%
Bharat Electronics Ltd.
4.15%
Shriram Finance Ltd.
3.83%
Tata Power Company Ltd.
3.56%
Indian Oil Corporation Ltd.
3.43%
DLF Ltd.
3.28%
Hindustan Aeronautics Ltd.
3.26%
TVS Motor Company Ltd.
2.81%
Bank Of Baroda
2.79%
GAIL (India) Ltd.
2.78%

About this category

Index funds aim to mimic a specific index. It could be the Nifty 50, or the Nifty Next 50, the Sensex and so on. These funds invest in the stocks that make up that index, in the exact same weights. An index fundu2019s performance moves in line with the index. However, there may be deviation in returns on account of expenses, cash kept to meet redemption requirements, and difficulty in buying and selling stocks in the index. Depending on the index, some can beat actively managed funds.

Suitability

Index funds suit investors who simply want a passive strategy with no fund-management risks. Depending on the index, risk appetite required may be conservative to high. The minimum period for which these funds need to be held is 5 years.

Taxation

Short-term: Holding period is less than 12 months.

Taxation: Capital gains are taxed at 15%


Long-term: Holding period is 12 months or more.

Taxation: Capital gains up to Rs 100,000 each financial year is tax-exempt. Remaining capital gains is taxed at 10%. For investments made on or before January 31st, 2018: Capital gain up to this date is tax-free.

How are mutual funds taxed?

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