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Nifty Next 50 Index Fund - Equity Funds - ICICI Prudential

ICICI Prudential Nifty Next 50 Index Fund

Long term investment of funds for capital appreciation by replicating CNX Nifty Next 50 index.

ICICI Prudential Nifty Next 50 Index fund , an open-ended index linked growth scheme offers a passive choice to investors, who prefer that their portfolio closely maps the market index, the S&P CNX Nifty Next 50 Index.

Schemes - ICICI Prudential Nifty Next 50 Index Fund

  • Real Time NAV

  • Closing NAV


Investment Philosophy

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.

Key Features

Key Benefits

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

Who should invest?

  • 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.
Scheme Features
Type Open Ended Index Fund
NSE Symbol & BSE Scrip ID
BSE Scrip Code
Application size - Directly with AMC
Application size through NSE & BSE
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.
Authorized Participant

Fund Manager

Mr. Kayzad Eghlim

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