ICICI Prudential Nifty 500 Index Fund Review – ICICI Prudential Nifty 500 Index Fund Review Direct NFO Open on 10 December 2024 and Close on 17 December 2024. ICICI Prudential Nifty 500 Index Fund Direct NFO Allotment Date is 19 December 2024, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount is ₹100. The Minimum SIP Investment Amount is ₹100.
Type of the Scheme
An open ended Index scheme replicating Nifty 500 Index.
Scheme Benchmark : Nifty 500 TRI
ICICI Prudential Nifty 500 Index Fund Scheme Benchmark
| Company | Weightage |
|---|---|
| HDFC Bank Ltd. | 7.09 |
| ICICI Bank Ltd. | 4.90 |
| Reliance Industries Ltd. | 4.86 |
| Infosys Ltd. | 3.41 |
| ITC Ltd. | 2.45 |
| Bharti Airtel Ltd. | 2.33 |
| Larsen & Toubro Ltd. | 2.30 |
| Tata Consultancy Services Ltd. | 2.18 |
| Axis Bank Ltd. | 1.78 |
| State Bank of India | 1.70 |
ICICI Prudential Nifty 500 Index Fund Important Date
| Scheme Offer | ICICI Prudential Nifty 500 Index Fund |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An open-ended |
| Open Date | 10 Dec 2024 |
| Close Date | 17 Dec 2024 |
| Allotment Date | 19 Dec 2024 |
| Category | Other Scheme – Index Fund |
| Min Inv ₹ | ₹100 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | Nifty 500 TRI |
Investment Objective of the Scheme ?
The objective of the Scheme is to invest in companies whose securities are included in Nifty 500 Index and subject to tracking errors, to endeavor to achieve the
returns of the above index. This would be done by investing in all the stocks comprising the Nifty 500 Index in the same weightage that they represent in Nifty 500 Index.
ICICI Prudential Nifty 500 Index Fund Other Details
| Exit Load | N/A |
|---|---|
| Exit Load Details | N/A |
| Entry Load | N/A |
| Stamp Duty | 0.005% |
| Min. Investment | Rs. 100 |
| Min. SIP | Rs. 100 |
ICICI Prudential Nifty 500 Index Fund Asset Allocation
| Instruments | Allocation Min | Allocation Max |
|---|---|---|
| Equity and Equity related securities of companies constituting the underlying index (Nifty 500 Index) | 95% | 100% |
| Money Market instruments including TREPs and Units of debt schemes | 0% | 5% |
Manager Manage the Scheme?
Fund Manger : Mr. Nishit Patel
Qualification : CFA (Level 1) Chartered Accountant and B.Com
Experience : Mr. Nishit joined ICICI Prudential Asset Management Company Limited in November 2018.
Fund Manger : Ms. Priya Shridhar
Qualification : B. Com from Mumbai University, M.F.M. – Masters in Financial Management from Somaiya College of Management Studies
Experience : Ms. Priya Sridhar has been appointed as the Manager – Dealing ETF in the Investments Department of ICICI Prudential Asset Management Company Limited w.e.f. January 25, 2022.
Fund Manger : Ms. Ashwini Shinde
Qualification : Bachelor of Commerce (B.Com), Master of Commerce (M.Com) from Mumbai University and Inter CA
Experience : Ms. Ashwini Shinde was appointed as the Deputy Manager – Dealer Support in the Investment Department of ICICI Prudential Asset Management Company Limited w.e.f. August 1, 2024.
ICICI Prudential Nifty 500 Index Fund Sector Representation
| Sector | Weightage |
|---|---|
| Financial Services | 29.98 |
| Information Technology | 9.64 |
| Oil, Gas & Consumable Fuels | 7.82 |
| Fast Moving Consumer Goods | 7.09 |
| Automobile and Auto Components | 7.00 |
| Healthcare | 6.32 |
| Capital Goods | 5.67 |
| Power | 3.70 |
| Consumer Services | 3.43 |
| Metals & Mining | 3.39 |
| Consumer Durables | 3.05 |
| Construction | 2.99 |
| Telecommunication | 2.99 |
| Chemicals | 2.21 |
| Construction Materials | 2.00 |
| Services | 1.68 |
| Realty | 1.33 |
| Textiles | 0.27 |
| Media, Entertainment & Publication | 0.21 |
| Diversified | 0.13 |
| Forest Materials | 0.08 |
ICICI Prudential Nifty 500 Index Fund Index Return
| Index Return | QTD | YTD | 1 Year | 5 Years | Since Inception |
|---|---|---|---|---|---|
| Price Return | -6.52 | 16.78 | 35.05 | 18.55 | 11.02 |
| Total Return | -6.45 | 17.80 | 36.33 | 19.77 | 12.74 |
Where Will the Scheme Invest ?
- Equity and equity related securities forming part of underlying index.
- Derivative instruments like Stock / Index Futures, Stock / Index Options and such other derivative instruments permitted by SEBI.
- TREPS.
- Units of debt schemes, subject to applicable regulations.
- Money market instruments which includes commercial papers, commercial bills, treasury bills, Government securities having an unexpired maturity up to one year, call or notice money, certificate of deposit, usance bills, and any other like instruments as specified by the Reserve Bank of India from time to time; to meet the liquidity requirements.
Also Read: Edelweiss BSE Capital Markets & Insurance ETF Review
ICICI Prudential Nifty 500 Index Fund Registrar
Computer Age Management Services Ltd.
7th Floor, Tower II, Rayala Towers, 158,
Anna Salai, Chennai – 600002
Telephone:1800-3010-6767
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ICICI Prudential Nifty 500 Index Fund Form Download
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