FAQ : ICICI Prudential Nifty Next 50 Index Fund - Growth

ICICI Prudential Nifty Next 50 Index Fund - Growth has delivered CAGR and average rolling returns as follows :

1 Year 3 Year 5 Year 9 Year
CAGR(%) 56.41 19.48 16.9 12.99
Average Rolling Returns(%) 15.74 15.03 13.05 12.99

The Current NAV of ICICI Prudential Nifty Next 50 Index Fund - Growth is ₹52.70.

You should look for a fund with better more consistent performance track record. Funds returns likely to be fairly different than its benchmark NIFTY NEXT 50 , as Funds portfolio is somewhat different.

ICICI Prudential Nifty Next 50 Index Fund - Growth fund’s expense ratio is 0.66%

The process for redemption is

  • Give a request for redemption of the number of units or the amount you want. The request will be acknowledged.
  • You will get information about the redemption and the NAV at which redeemed.
  • The amount will be deposited in the designated bank account.

The AUM of ICICI Prudential Nifty Next 50 Index Fund - Growth is currently ₹4,208 Crores.

The Top three stocks are Trent, Bharat Electronics and Shriram Finance and account for 13% of its portfolio. Top 5 and 10 stocks of fund account for 20% and 35% of fund’s portfolio respectively.

Top three sectors of ICICI Prudential Nifty Next 50 Index Fund - Growth fund are BFSI, Construction & Infrastructure and Capital Goods accounting for 48% of the total portfolio.

Funds Portfolio Quality is Somewhat Good. It has a large proportion of Green and Orange Stocks.Since this is a Index Funds - Nifty Next 50 it is comparatively safer to invest in this fund. However, since it has not consistently outperformed its benchmark index on an average 3-year rolling returns basis it is not the most suitable fund for SIP.

The category of ICICI Prudential Nifty Next 50 Index Fund - Growth Fund is Index Funds - Nifty Next 50.

Nishit Patel and Priya Shridhar manage the ICICI Prudential Nifty Next 50 Index Fund - Growth Fund.

ICICI Prudential Nifty Next 50 Index Fund - Growth current PE ratio is 61.16 and PB ratio is 10.52

The asset allocation of ICICI Prudential Nifty Next 50 Index Fund - Growth is Stocks : 100.28%, Debt : -0.26% and Gold : 0%

The minimum SIP amount for ICICI Prudential Nifty Next 50 Index Fund - Growth is ₹100.00 and minimum lumpsum is ₹100.00

The exit load for ICICI Prudential Nifty Next 50 Index Fund - Growth is Nil

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