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 245 in category.
Fund basics
| Category | Equity: Index |
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| NAV | ₹57.87 (as of 2026-10-23) |
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| AUM | ₹9,744 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 | 10.19% |
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| Sharpe ratio | 0.54 |
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| Standard deviation | 20.44% |
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| Max drawdown | −41.63% |
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| Alpha | 7.36 |
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| Beta | 1.27 |
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Market cap allocation
| Large cap | 95.3% |
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| Mid cap | 4.7% |
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| Small cap | 0.0% |
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Concentration
| Top 5 holdings | 19.5% |
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| Top 10 holdings | 33.7% |
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| Total holdings | 50 |
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Top holdings
- Divis Laboratories Ltd. — 4.8%
- TVS Motor Company Ltd. — 4.0%
- Hindustan Aeronautics Limited — 3.6%
- Tata Motors Limited — 3.6%
- Adani Power Limited — 3.5%
- Samvardhana Motherson International Limited — 3.0%
- Torrent Pharmaceuticals Ltd. — 2.9%
- Cholamandalam Investment and Finance Company Ltd — 2.9%
- Vedanta Aluminium Metal Limited — 2.9%
- Cummins India Ltd. — 2.6%
Top sectors
- Automobile — 9.8%
- Energy — 9.4%
- Finance & Investments — 9.4%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −5.0% | — | — |
| 2025 | 2.1% | — | — |
| 2024 | 27.2% | — | — |
| 2023 | 26.3% | — | — |
| 2022 | 0.1% | — | — |