EQUITY FUNDS
Nifty Next 50 Index Fund - Equity Funds - ICICI Prudential

ICICI Prudential Nifty Next 50 Index Fund

ICICI Prudential Nifty Next 50 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 S&P CNX Nifty Next 50 Index.

Investment Philosophy

The fund invests in companies whose securities are included in Nifty Next 50 Index and endeavors to achieve the returns of the above index as closely as possible, though subject to tracking error.
It intends to track only 90-95% of the Index i.e. it will keep cash balance between 5-10% of the net assets to meet the redemptions and other liquidity requirements. However, as and when the liquidity in the Index improves the fund intends to track up to 100% of the Index.

Key Benefits

  • It provides the opportunity to participate in the movement of next rung of 50 liquid securities after S&P CNX Nifty. It may be useful to think of the S&P CNX Nifty and the CNX Nifty Next 50 as making up the 100 most liquid stocks in India.
  • Is considered the nurturing ground for stocks which could enter S&P CNX Nifty
  • Is likely to capture emerging companies, hence potential to outperform large cap based index like S&P CNX Nifty.

This product is suitable for investors who are seeking* :

  • Long term wealth creation solution
  • An index fund that invests in companies that form part of the Nifty Next 50 Index and aims to achieve returns of the stated index, subject to tracking error.

*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 & Dividend

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

Upto 7 Days from allotment - 0.25% of applicable NAV, more than 7 Days - NIL

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 Eghlim (Managing this fund since inception & Overall 23 Years of experience)

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