Index funds funds provides inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).
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Historical NAV
₹ 38.1327
NAV (Sep 23)
Fund Returns
Last 1Y
64.2%
Last 3Y
14.6%
Last 5Y
13.4%
Last 10Y
15.8%
Since Inception
12.6%
6 Month CAGR
24.4%
Scheme Information
Investment Objective
The investment objective of the Scheme is to invest in companies whose securities are included in Nifty Next 50 TRI (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 Nifty Next 50. The objective is that the performance of the NAV of the Scheme should closely track the performance of the Nifty Next 50 over the same period subject to tracking error. However,there is no assurance that the investment objective of the Scheme will be realized.
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
ICICI Prudential Asset Management Company Limited manages assets worth 474,066 crores and was set up on 22 June 1993. It's current offering of mutual fund schemes includes 110 equity,526 debt and 64 hybrid funds.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
What Scripbox recommendations mean?
Recommended
Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
Top Ranked
Neutral
Not Recommended
Track Record
We look at consistent and long historical performance for our analysis.
Fund Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Sub-asset Class View
We check if the sub-category of the fund is recommended by us.
Fund Performance
Consistency of performance over various tenures is analysed for a relative performance stack.
Track Record
We look at consistent and long historical performance for our analysis.
Fund Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Impact of Interest Rates
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Credit Attractiveness
We check the credit quality of the underlying instruments present in the fund. Higher the better.
Equity Funds
Debt Funds
About ICICI Prudential Nifty Next 50 Index Fund (G)
About ICICI Prudential Nifty Next 50 Index Fund (G)
ICICI Prudential Nifty Next 50 Index Fund (G) is a Index Funds Equity fund and has delivered an annualised return of 12.6% over a period of 11 years. The fund was previously known as ICICI Pru Nifty Next 50 Index Reg Gr . The fund is managed by ICICI Prudential Asset Management Company Limited. The fund managers are Kayzad Eghlim, Nishit Patel
ICICI Prudential Nifty Next 50 Index Fund (G) Investment Objective
The investment objective of the Scheme is to invest in companies whose securities are included in Nifty Next 50 TRI (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 Nifty Next 50. The objective is that the performance of the NAV of the Scheme should closely track the performance of the Nifty Next 50 over the same period subject to tracking error. However,there is no assurance that the investment objective of the Scheme will be realized. . However, there is no assurance that the objective of the scheme will be realized.
ICICI Prudential Nifty Next 50 Index Fund (G) NAV,AUM,Risk
The ICICI Prudential Nifty Next 50 Index Fund (G) fund was launched on Jun 25, 2010. The NAV (Net Asset Value) of this Index Funds Equity fund as of 2021-09-23 is ₹38.13. The total AUM (Asset Under Management) of the fund as of 24/09/2021 is ₹1535.055. The category risk of the ICICI Prudential Nifty Next 50 Index Fund (G) fund is Very High Risk. The fund charges 0.8 % as expense ratio.
ICICI Prudential Nifty Next 50 Index Fund (G) Holdings
The fund’s highest allocation is towards Equity and has invested 99.8% in this asset class. The top three holdings of the fund are , apollo hospitals enterprise ltd , info edge (india) ltd , avenue supermarts ltd , adani enterprises ltd , godrej consumer products ltd , vedanta ltd , adani green energy ltd , dabur india ltd , icici lombard general insurance co ltd , pidilite industries ltd , adani transmission ltd , havells india ltd , piramal enterprises ltd , ambuja cements ltd , jubilant foodworks ltd , marico ltd , gail (india) ltd , icici prudential life insurance company limited , larsen & toubro infotech ltd , lupin ltd , colgate-palmolive (india) ltd , united spirits ltd , dlf ltd , siemens ltd , sbi cards and payment services ltd ordinary shares , aurobindo pharma ltd , berger paints india ltd , acc ltd , bandhan bank ltd , indraprastha gas ltd , interglobe aviation ltd , nmdc ltd , indus towers ltd ordinary shares , bajaj holdings and investment ltd , petronet lng ltd , hdfc asset management company limited , hindustan petroleum corp ltd , biocon ltd , mrf ltd , muthoot finance ltd , alkem laboratories ltd , torrent pharmaceuticals ltd , gland pharma ltd , cadila healthcare ltd , bosch ltd , united breweries ltd , yes bank ltd , punjab national bank , procter & gamble hygiene and health care ltd , abbott india ltd , treps , net current assets
ICICI Prudential Nifty Next 50 Index Fund (G) Sip
The minimum SIP (Systematic Investment Plan) amount for this is ₹1000 and you can increase this in multiples of ₹ 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.
ICICI Prudential Nifty Next 50 Index Fund (G) Investment volatility and Horizon
This fund is meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, expect volatility in your investments over the short term. The fund is benchmarked to IISL Nifty Next 50 TR INR
ICICI Prudential Nifty Next 50 Index Fund (G) Review
ICICI Prudential Nifty Next 50 Index Fund (G) has a score of 4 on a scale of 5. The fund scores 4 out of 5 based on historical performance.
As compared to the other funds in its category, ICICI Prudential Nifty Next 50 Index Fund (G) has a score of 3 out of 5
Scipbox has rated this fund 4 out of 5 based on consistency of performance over various years / tenures.
