ICICI Prudential NASDAQ 100 Index Fund - Direct Plan - IDCW

ICICI Prudential NASDAQ 100 Index Fund - Direct Plan - IDCW ranks among the stronger performers in the Large Cap category, backed by a 4-star rating. Consistent 3-year performance combined with a strong rating makes this one of the more credible options in its space. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 91/100.

Cost: At 0.39%, the expense ratio is meaningfully cheaper — about 49% below the Large Cap category average of 0.77% (based on 244 comparable funds). Lower costs compound in your favour over long holding periods.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a strong Sharpe ratio of 1.78 — the fund has generated solid returns relative to the volatility it exposed investors to. Separately, with 20.2% annualised volatility, this is among the more turbulent funds in its space — expect sharp swings in both directions.

Who should invest: This fund is best suited to conservative equity investors or those wanting a stable core holding, typically with a 3+ year horizon. The High risk rating means near-term volatility should be expected — this isn't a fund to check daily.