ICICI Prudential Nifty Next 50 Index Fund

Investment Objective

The investment objective of the Scheme is to invest in companies whose securities are included in Nifty Next 50 Index (the Index) and to endeavor to achieve the returns of the above index as closely as possible, though subject to tracking error. The Scheme will not seek to outperform the Nifty Next 50. The objective is that the performance of the NAV of the Scheme should closely track the performance of the Nifty Next 50 over the same period subject to tracking error.However, there is no assurance that the investment objective of the Scheme will be realized.

Key Benefits

  • It provides the opportunity to participate in the movement of next rung of 50 liquid securities after Nifty 50. It may be useful to think of the Nifty 50 and the Nifty Next 50 as making up the 100 most liquid stocks in India.
  • Is considered the nurturing ground for stocks which could enter Nifty 50.
  • Is likely to capture emerging companies, hence potential to outperform large cap based index like Nifty 50.

This product is suitable for investors who are seeking* :

  • Long term wealth creation solution
  • An index fund that invests in companies that form part of the Nifty Next 50 Index and aims to achieve returns of the stated index, subject to tracking error.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Key Features


An Open Ended Index scheme replicating Nifty Next 50 Index


ICICI Prudential Nifty Next 50 Index Fund & ICICI Prudential Nifty Next 50 Index Fund - Direct Plan


Growth and Dividend options with Dividend Payout and Dividend Reinvestment Sub-options

Default Option

Default Option - Growth. Default Sub-option - Dividend Reinvestment

Application Amount

Rs.5000 (plus in multiples of Rs.1)

Min. Additional Investment

Rs.1000 (plus in multiples of Re.1)

Entry Load

Not Applicable

Exit Load

● 0.25% of applicable NAV - If the amount, sought to be redeemed or switched out is invested for a period of upto 7 days from date of allotment.
● Nil - If the amount, sought to be redeemed or switched out is invested for a period of more than 7 days from the date of allotment.

Minimum Redemption Amt.

Rs. 500 or all units where amount is less than Rs. 500

Systematic Investment Plan


Systematic Transfer Plan

Available (Flex STP/Value STP also available)

Systematic Withdrawal Plan


Fund Manager

Mr. Kayzad Eghlim