ICICI Pru Nifty Next 50 Index Fund
The objective of the fund is to invest in companies whose securities are included in Nifty Next 50 Index and to endeavor to achieve the returns of the above index as closely as possible.
Growthvine rating: 5/5 — ranked #13 of 244 in category.
Fund basics
| Category | Equity: Index |
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| NAV | ₹65.08 (as of 2026-08-21) |
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| AUM | ₹9,935 Cr |
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| Expense ratio | 0.59% |
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| Riskometer | Very High |
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| Fund manager | Ajay Kumar Solanki |
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| Exit load | 0 |
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Performance & risk
| 5-year annualised return | 13.45% |
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| Sharpe ratio | 0.62 |
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| Standard deviation | 20.11% |
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| Max drawdown | -41.63% |
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| Alpha | 5.99 |
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| Beta | 1.29 |
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Market cap allocation
| Large cap | 86.7% |
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| Mid cap | 13.3% |
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| Small cap | 0.0% |
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Concentration
| Top 5 holdings | 18.6% |
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| Top 10 holdings | 32.8% |
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| Total holdings | 50 |
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Top holdings
- Divis Laboratories Ltd. — 4.0%
- TVS Motor Company Ltd. — 4.0%
- Tata Motors Limited — 3.6%
- Hindustan Aeronautics Limited — 3.5%
- Adani Power Limited — 3.5%
- Cholamandalam Investment and Finance Company Ltd — 3.2%
- Torrent Pharmaceuticals Ltd. — 3.0%
- Cummins India Ltd. — 2.9%
- Samvardhana Motherson International Limited — 2.6%
- Indian Hotels Co. Ltd — 2.6%
Top sectors
- Finance & Investments — 10.8%
- Energy — 9.9%
- Banking & Financial — 9.7%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 6.9% | — | — |
| 2025 | 2.1% | — | — |
| 2024 | 27.2% | — | — |
| 2023 | 26.3% | — | — |
| 2022 | 0.1% | — | — |