ICICI Pru Nifty50 Equal Weight Index Fund
The Scheme is seeks to invest in companies whose securities are included in Nifty50 Equal Weight Index and subject to tracking errors, to endeavor to achieve the returns of the above index.
Growthvine rating: 4/5 — ranked #47 of 244 in category.
Fund basics
| Category | Equity: Index |
|---|
| NAV | ₹16.90 (as of 2026-08-21) |
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| AUM | ₹266 Cr |
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| Expense ratio | 0.85% |
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| Riskometer | Very High |
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| Fund manager | Ashwini Jemin Bharucha |
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| Exit load | 0 |
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Performance & risk
| Sharpe ratio | 0.52 |
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| Standard deviation | 14.52% |
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| Max drawdown | -18.28% |
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| Alpha | 2.36 |
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| Beta | 0.98 |
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Market cap allocation
| Large cap | 96.3% |
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| Mid cap | 3.7% |
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| Small cap | 0.0% |
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Concentration
| Top 5 holdings | 11.4% |
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| Top 10 holdings | 22.3% |
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| Total holdings | 50 |
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Top holdings
- HCL Technologies Ltd — 2.4%
- Bajaj Auto Limited — 2.3%
- Eternal Limited — 2.3%
- Bajaj Finance Limited — 2.3%
- Bajaj Finserv Limited — 2.2%
- Tech Mahindra Limited — 2.2%
- Titan Company Limited — 2.2%
- Tata Consultancy Services Ltd. — 2.2%
- Mahindra & Mahindra Ltd. — 2.2%
- Nestle India Ltd. — 2.1%
Top sectors
- Banking & Financial — 11.2%
- Software & Services — 10.9%
- Automobile — 10.4%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | -0.5% | — | — |
| 2025 | 13.7% | — | — |
| 2024 | 9.5% | — | — |
| 2023 | 29.4% | — | — |