Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
ICICI Prudential Nifty50 Equal Weight Index Fund- Growth
★★★★★ 3rd-party
External rating
- Source: Third-party data provider (Groww/CRISIL)
- Original rating: 4/5, displayed as-is — TopFund does not modify third-party ratings
- Refresh frequency: Whenever TopFund re-syncs this fund's data
- Limitations: The provider's own rating methodology isn't disclosed here — see the provider's own site for their criteria
TopFund Score: 77/100 · Good
How this score is calculated
- Star rating (35%)4/5
- 3Y CAGR (30%)10.8%
- Expense ratio (20%)0.36%
- AUM (15%)₹268 Cr
Not investment advice — an analytical read of public fund data. Methodology →
ICICI Prudential Mutual Fund · Equity · Large Cap
₹16.52
AUM: ₹267 Cr
NAV updated 3 days ago
Plan
Direct
Option
Growth
Risk
High
Expense Ratio
0.36%
Exit Load
Nil
Fund Manager
Nishit Patel
Inception
Oct 2022
Benchmark
NIFTY 50 Equal Weight Total Return Index
Sharpe Ratio
-0.48
Std Dev (1Y)
13.4%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
-4.51%
3m
-2.66%
6m
+5.52%
1y
-1.28%
3y
+10.8%
5y
—
10y
—
since inception
+12.22%
TopFund's Take on ICICI Prudential Nifty50 Equal Weight Index Fund- Growth
ICICI Prudential Nifty50 Equal Weight Index Fund- Growth holds up reasonably well within the Large Cap category, backed by a 4-star rating. It has delivered steady, if unspectacular, returns over a full market cycle. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 77/100.
Cost: At 0.36%, the expense ratio is meaningfully cheaper — about 40% below the Large Cap category average of 0.6% (based on 452 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 negative Sharpe ratio of -0.48 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 13.4% is fairly typical for Large Cap funds.
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.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
Sector Allocation
Asset Allocation
Fund Snapshot
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Tools & Guides for This Fund
Frequently Asked Questions about ICICI Prudential Nifty50 Equal Weight Index Fund- Growth
The current NAV (Net Asset Value) of ICICI Prudential Nifty50 Equal Weight Index Fund- Growth is ₹16.52. NAV is updated every business day after market close by AMFI.
1Y: -1.28% · 3Y CAGR: 10.8%
The expense ratio of ICICI Prudential Nifty50 Equal Weight Index Fund- Growth is 0.36% per annum. This is the annual fee charged by the fund to manage your investment.
ICICI Prudential Nifty50 Equal Weight Index Fund- Growth is managed by Nishit Patel at ICICI Prudential Mutual Fund.
ICICI Prudential Nifty50 Equal Weight Index Fund- Growth is classified as a High risk fund. It is suitable for investors with a long-term horizon of 3+ years.
Yes, ICICI Prudential Nifty50 Equal Weight Index Fund- Growth is an equity fund, making it suitable for SIP investments. Regular monthly SIPs help average out market volatility through rupee-cost averaging.
You can start a SIP in ICICI Prudential Nifty50 Equal Weight Index Fund- Growth with as little as ₹500 per month through most mutual fund platforms. The minimum lump sum investment is typically ₹1,000.
The Assets Under Management (AUM) of ICICI Prudential Nifty50 Equal Weight Index Fund- Growth is ₹268 crore. AUM indicates the total market value of assets managed by the fund.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.
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