ICICI Prudential Nifty Next 50 Index Fund - Growth

ICICI Prudential Nifty Next 50 Index Fund - Growth is a fund scheme from ICICI mutual fund. It falls under a Index Fund category. After being launched on 2010-06-25. ICICI Prudential Nifty Next 50 Index Fund - Growth has achieved Rs 6759.07 Crores worth of assets under management (AUM). It allows minimum SIP of Rs 100 and lumpsum of Rs 100 to start the investment. The expense ratio of this fund is 0.66%.

• Investing Strategy:

  To invest in companies whose securities are included in Nifty Junior Index (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 CNX Nifty Junior. The objective is that the performance of the NAV of the Scheme should closely track the performance of the CNX Nifty Junior over the same period subject to tracking error.

• Performance:

  ICICI Prudential Nifty Next 50 Index Fund - Growth trailing returns over different times are 32.1% (1 year), 18.36% (3 year), 19.38% (5 year). The average annual return of this fund stands at 32.1%

• Fund Manager & Portfolio Allocation:

  Kayzad Eghlim, Nishit Patel, Priya Sridhar, Ajay Kumar Solanki are the current fund managers of this mutual fund. The fund has a majority of its money invested in the top 5 sectors such as Finance, Electrical Equipment, Pharmaceuticals & Biotechnology, Power, Banks Sectors. First five holdings of this fund are Hindustan Aeronautics Ltd., Vedanta Ltd., Divis Laboratories Ltd., Tata Power Company Ltd., Interglobe Aviation Ltd. Companies.