ICICI Prudential Nifty Next 50 Index Fund Growth

• Alpha -1.13%
• Beta 1.00
• Sharpe Ratio0.93
• Std Deviation 16.75%
• Tracking Error 0.23%

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.

The ICICI Prudential Nifty Next 50 Index Fund Growth has an AUM of 5283.54 crores & has delivered CAGR of 22.22% in the last 5 years. The fund has an exit load of 0.00% and an expense ratio of 0.66%. The minimum investment in ICICI Prudential Nifty Next 50 Index Fund Growth is Rs 100 and the minimum SIP is Rs 100.

As per morningstar the risk & return rating of the fund are Medium & Exceptional respectively.

The top holdings of the fund include Bharat Electronics, Trent, Hindustan Aeronautics & Tata Power.

The major sectors where the fund is invested are Aerospace & Defense, Personal & Household Prods., Consumer Financial Services & Regional Banks.

Some of the similar funds are ICICI Prudential Nifty Next 50 Index Fund Growth, UTI Nifty Next 50 Index Fund Regular Growth, UTI Nifty200 Momentum 30 Index Fund Regular Growth, HDFC Index BSE Sensex, Navi Nifty 50 Index Fund Regular Growth. ICICI Prudential Nifty Next 50 Index Fund Growth has a sharpe ratio of 0.93 & a standard deviation of 16.75%.