ICICI PRUDENTIAL Nifty Next 50 Index Fund is an open ended exchange traded fund of ICICI PRUDENTIAL Mutual Fund. It tracks NIFTY Next 50 Index Fund. This fund is managed by Kayzad Eghlim.
The investment ideology behind ICICI PRUDENTIAL Nifty Next 50 Index Fund invests in the securities of the companies which are included in the Nifty Next 50 Index and to generate returns of the underlying index as closely as possible. ICICI PRUDENTIAL Nifty Next 50 Index Fund mainly invests in large cap equity stocks. The minimum sip investment in ICICI PRUDENTIAL Nifty Next 50 Index Fund is Rs. 500.
ICICI PRUDENTIAL Nifty Next 50 Index Fund Facts
- ICICI PRUDENTIAL Nifty Next 50 Index Fund under ICICI fund house invests in large cap stocks which are potential for inclusion in Nifty 50.
- ICICI Prudential Nifty Next 50 Index Fund aims to measure the performances of ‘Next 50’- large companies after the top 50 companies of Nifty 50.
- Based on ICICI PRUDENTIAL Nifty Next 50 Index Fund review, the scheme invests 99.08% in equity stocks out of which 80.54% in large cap and 18.51% in mid cap stocks.
- ICICI PRUDENTIAL Nifty Next 50 Index Mutual Fund investment is ideal for those investors who aims to increase the large cap company’s allocation excluding the companies of Nifty 50 Index.
- ICICI PRUDENTIAL Nifty Next 50 Index Fund is exposed to various sectors like- pharmaceuticals, households, insurance. In short this fund is diversified across different types of sectors.
- ICICI PRUDENTIAL Nifty Next 50 Index Fund review helps in generating high return and exceed the performance of Nifty Next 50.
Top 5 Sectors of ICICI PRUDENTIAL Nifty Next 50 Index Fund
| S.No. | Name of Holding | Net Assets (%) |
| 1 | Pharmaceuticals and Drugs | 12.51 |
| 2 | Household and Personal Products | 12.15 |
| 3 | Insurance | 8.59 |
| 4 | Consumer Food | 8.47 |
| 5 | Cement and Construction Materials | 7.44 |
(as on 01/04/2019)
Top 10 Holdings of ICICI PRUDENTIAL Nifty Next 50 Index Fund
| S.No. | Name of Holding | Net Assets (%) |
| 1 | Britannia Industries Ltd. | 5.67 |
| 2 | Godrej Consumer Products Ltd. | 4 |
| 3 | Dabur India Ltd. | 3.93 |
| 4 | Piramal Enterprises Ltd. | 3.17 |
| 5 | Aurobindo Pharma Ltd. | 3.15 |
| 6 | Shree Cements Ltd. | 3.15 |
| 7 | Motherson Sumi Systems Ltd. | 3.02 |
| 8 | Lupin Ltd. | 2.87 |
| 9 | Havells India Ltd. | 2.83 |
| 10 | Marico Ltd. | 2.8 |
(as on 01/04/2019)
ICICI PRUDENTIAL Nifty Next 50 Index Details
Launch Date- June 25, 2010
Fund Manager- Mr. Kayzad Eghlim
Risk- Moderately High
Benchmark- NIFTY Next 50 Total Return Index
Return Since Launch- 11.04%
AUM- Rs. 379.67 crore (as on 28th Feb, 2019)
The below mentioned table depicts the performance of ICICI Prudential Nifty Next 50 Index Fund-
| 1-Year | 3-Year | 5-Year | 10-Year | |
| Fund | -0.74 | 15.19 | 16.12 | – |
| S&P BSE SENSEX Next 50 TRI | 4.35 | 15.74 | 15.55 | – |
| Category | 12.7 | 14.87 | 12.94 | – |
| Rank within Category | 90 | 40 | 4 | – |
| Number of funds in category | 91 | 76 | 62 | – |
| As on Apr 01, 2019 |
