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4 star

ICICI Prudential Nifty Next 50 Index Fund


Equity: Large Cap

1 Lakh

Investment declined to
₹ 0.95 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.39 Lakh

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. But be prepared for ups and downs in your investment value along the way.

This is a fund that invests in big companies. Compared to those that invest in smaller companies, such funds tend to fall less when stock prices fall. Therefore, they are more suited to conservative equity investors.

Like all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other large cap fund, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -8.37 -0.98 -1.42 3.96 13.60 -10.03 -3.67 -1.77 5.18 11.70 8.44
S&P BSE 100 TRI -11.80 -1.70 -1.63 6.27 17.94 -13.30 -7.05 2.78 5.93 10.13 8.29
Equity: Large Cap -11.45 -1.55 -1.62 5.51 15.71 -12.92 -6.56 2.38 5.04 9.79 7.89
Rank within category 22 13 30 103 97 22 25 80 32 8 14
Number of funds in category 111 114 114 114 112 111 107 87 68 62 48

As on 14-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ICICI Prudential Nifty Next 50 Index Fund  | Invest Now
4 star
Jun-10 -3.67 -1.77 5.18 0.85 729
ICICI Prudential Bluechip Fund  | Invest Now
4 star
May-08 -7.78 1.57 5.61 1.79 22,875
Mirae Asset Large Cap Fund - Regular Plan  | Invest Online
5 star
Apr-08 -6.49 2.88 7.53 1.66 16,381
Axis Bluechip Fund  | Invest Online
5 star
Jan-10 0.17 8.35 8.26 1.70 14,522
UTI Nifty Index Fund - Regular Plan  | Invest Online
4 star
Mar-00 -7.47 3.27 5.56 0.17 2,362

Best & Worst Performance

Best (Period) Worst (Period)
Week 12.62 (24-Mar-2020 - 31-Mar-2020) -16.64 (16-Mar-2020 - 23-Mar-2020)
Month 25.54 (23-Mar-2020 - 22-Apr-2020) -35.35 (20-Feb-2020 - 23-Mar-2020)
Quarter 39.36 (24-Mar-2020 - 23-Jun-2020) -34.74 (23-Dec-2019 - 23-Mar-2020)
Year 67.02 (03-Sep-2013 - 03-Sep-2014) -33.19 (22-Mar-2019 - 23-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 1.53 21.09 -0.18 -0.22 0.95 -3.82
S&P BSE 100 TRI 5.34 20.93 0.00 0.00 -- --
Equity: Large Cap 4.80 20.27 -0.02 -0.03 0.95 -0.55
Rank within category 77 75 75 80 23 77
Number of funds in category 86 86 86 86 86 86

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 50
Top 10 Stocks (%) 37.46
Top 5 Stocks (%) 21.82
Top 3 Sectors (%) 61.97
Portfolio P/B Ratio 2.96
Portfolio P/E Ratio 31.04

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 46,699 1,92,152
Giant (%) 10.08 66.84
Large (%) 59.40 23.00
Mid (%) 30.52 9.85
Small (%) -- 3.12
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up HDFC Life Insurance Financial -- 5.40 0.00 5.40
down Avenue Supermarts Services 138.92 5.73 0.00 4.66
down SBI Life Insurance Company Financial 60.23 4.82 0.00 4.28
down Divi's Laboratories Healthcare 43.18 4.69 0.00 3.92
down Dabur India FMCG 59.13 4.58 2.44 3.57
down Godrej Consumer Products FMCG 47.67 4.86 2.84 3.55
down ICICI Lombard General Insurance Company Financial 47.82 3.98 0.00 3.42
down Lupin Healthcare -- 3.39 0.00 2.96
down Aurobindo Pharma Healthcare 17.27 3.52 0.00 2.91
down Pidilite Industries Chemicals 62.74 3.67 1.68 2.80
down Petronet LNG Energy 14.52 2.93 1.71 2.61
new Info Edge (India) Services -- 2.60 0.00 2.60
down Colgate-Palmolive FMCG 47.83 3.01 1.90 2.54
down Marico FMCG 44.02 3.03 2.10 2.48
down United Spirits FMCG 67.23 3.14 1.81 2.36
down Biocon Healthcare 68.68 2.49 0.00 2.35
down HPCL Energy 12.09 5.09 0.00 2.13
down Piramal Enterprises Healthcare -- 3.69 1.80 2.08
new Indraprastha Gas Energy 22.84 2.06 0.00 2.06
down ICICI Prudential Life Insurance Co. Ltd. Financial 57.44 2.41 1.08 2.05
down Havells India Engineering 49.39 2.83 1.57 1.95
down Ambuja Cements Construction 17.47 2.58 0.00 1.91
down Bandhan Bank Financial 19.30 3.16 0.00 1.75
down Bajaj Holdings & Inv Financial 9.73 2.70 0.00 1.69
new Torrent Pharmaceuticals Healthcare 39.80 1.58 0.00 1.58

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Jun-2020

Fund Manager

— Kayzad Eghlim since 10-Jun-2010

Education: Mr. Eghlim is a B.Com (H) and M Com.

Experience: Prior to joining ICICI Prudential AMC he has worked with IDFC Investment Advisors Ltd., Prime Securities and Canara Robeco Mutual Fund.

Funds Managed:


-0.98%

Change from previous, NAV as on 14-Jul-2020

Growth: ₹ 22.9762

Dividend: ₹ 22.9762


Investment Strategy

The objective of the fund is to invest in companies whose securities are included in Nifty Next 50 Index and to endeavor to achieve the returns of the above index as closely as possible.

Investment Details

Minimum Investment (₹) 100
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) 100
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 25-Jun-2010
Return Since Launch: 8.62%
Benchmark: NIFTY Next 50 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 729 Cr (As on 30-Jun-2020)
Expense: 0.85% (As on 30-Jun-2020)
Risk Grade: Above Average
Return Grade: Above Average
Turnover: 77.00%

Contact Information

AMC: ICICI Prudential Asset Management Company Ltd

Address: One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai - 400051

Phone: 022-26525000 / 1800-222-999 / 1800-200-6666

Fax: 022-26528100

Email: [email protected]

Website: http://www.icicipruamc.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

Upcoming Video

Value Investing

Evaluating Covid-affected financials of India Inc

dateFriday, 17-Jul-2020
time12:30 PM - 01:00 PM