EQUITY FUNDS
Nifty Index Fund - Equity Funds - ICICI Prudential

ICICI Prudential Nifty Index Fund

There are two approaches to reaching your goal: exploring and testing new ground or sticking to the established, long trodden path. The former employs actively investigating and assessing your every move while the later stays within the boundaries of the established.


In the same way, there are two approaches to managing an investor's portfolio. One is active management, which involves choosing sectors and stocks that represent the views of the fund managers, as best suited to meet the portfolio objectives. The other is passive management, which simply means, buying into a market index.


ICICI Prudential Nifty Index fund , an open-ended index linked growth scheme offers a passive choice to investors, who prefer that their portfolio closely maps the market index, the CNX S&P Nifty index of 50 stocks.

Investment Philosophy

This fund seeks to replicate the CNX S&P Nifty index, by buying the same 50 stocks in the same proportion as they are in the index, hence the fund managers do not take any sector or stock exposure that is different from what is seen on the chosen index. The fund is therefore not actively managed, but passively replicates the index as the objective is to closely track the index.

Key Benefits

  • Long term investment of funds for capital appreciation by replicating S&P CNX Nifty index.

This product is suitable for investors who are seeking* :

  • Long term wealth creation solution
  • An nifty index fund that seeks to track returns of CNX Nifty by investing in a basket of stocks which constitute the stated index.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


Key Features

Type

Open-ended Index Linked Growth Scheme

Plan

Regular & Direct

Options

Growth

Default Option

Dividend Reinvestment

Application Amount

Rs.5000 (plus in multiples of Rs.1)

Min. Additional Investment

Rs.1000 (plus in multiples of Re.1)

Entry Load

Nil. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

Exit Load

Nil.(w.e.f. 05-10-15)

Redemption Cheques Issued

Minimum Redemption Amt.

Rs.500 (plus in multiples of Re.1)

Systematic Investment Plan

Monthly: Minimum Rs. 1,000/- plus 5 post dated cheques for a minimum of Rs. 1,000/- each; Quarterly: Minimum Rs. 5,000/- plus 3 post dated cheques of Rs. 5,000/- each.

Systematic Withdrawal Plan

Minimum of Rs. 500/- and multiples of Re.1/-



Fund Manager

Kayzad Englim(Managing this fund since August 09 & Overall 23 Years of experience)

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