February 20, 2024
mayank
ICICI Prudential Nifty LargeMidcap 250 Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Managers
- Should You Invest in this NFO?
- Invest Online
What is the ICICI Prudential Nifty LargeMidcap 250 Index Fund Open Date, Close Date?
NFO opens on February 22, 2024
NFO will close on March 07, 2024
What is the Investment Strategy?
The Scheme seeks to invest in companies whose securities are included in Nifty LargeMidcap 250 Index in the same weightage that they represent in the Nifty LargeMidcap 250 Index in order to achieve the returns of the above index, subject to tracking errors.
Basic Details
| Fund House | ICICI Prudential Mutual Fund |
| Issue Open | 22 February 2024 |
| Issue Close | 07 March 2024 |
| Type | Open-ended |
| Category | Equity: Large & MidCap |
| Min. Investment(Rs) | 100 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | NIFTY Large Midcap 250 TRI |
What is the Benchmark Index of ICICI Prudential Nifty LargeMidcap 250 Index Fund?
The Nifty LargeMidcap 250 reflects the performance of a portfolio of 100 large cap and 150 mid cap companies listed on NSE, represented through the Nifty 100 and the Nifty Midcap 150 index respectively. The aggregate weight of large cap stocks and mid cap stocks is 50% each and are reset on a quarterly basis.
The index can be used for a variety of purposes such as benchmarking, creation of index funds, ETFs and structured products
Index Variant: Nifty LargeMidcap 250 Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 2.67 | 2.67 | 39.29 | 19.60 | 14.90 |
| Total Return | 2.69 | 2.69 | 40.43 | 20.80 | 16.40 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 10.16 | 18.24 | 20.56 |
| Beta (NIFTY 50) | 0.89 | 0.91 | 0.91 |
| Correlation (NIFTY 50) | 0.89 | 0.96 | 0.95 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 25.13 | 4.09 | 1.02 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 4.71 |
| Reliance Industries Ltd. | 4.13 |
| ICICI Bank Ltd. | 3.09 |
| Infosys Ltd. | 2.54 |
| Larsen & Toubro Ltd. | 1.76 |
| ITC Ltd. | 1.67 |
| Tata Consultancy Services Ltd. | 1.66 |
| Axis Bank Ltd. | 1.27 |
| Bharti Airtel Ltd. | 1.27 |
| Power Finance Corporation Ltd. | 1.21 |
Performance Review of the Fund Managers of ICICI Prudential Nifty LargeMidcap 250 Index Fund?
1) Kewal Shah
Education: Nil
Experience: Nil
Past Performance of his Schemes
| Fund | ICICI Prudential Nifty 100 Low Volatility 30 ETF FOF | It’s Benchmark | ICICI Prudential Nifty 200 Momentum 30 ETF | It’s Benchmark |
| 1 Year | 36.78 | 28.42 | 64.68 | 28.42 |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
2) Nishit Patel
Education: Mr. Patel is a B.Com & Chartered Accountant
Experience: ICICI Prudential Asset Management Company Limited – ETF Business – November 2018 – January 2020.
Past Performance of his Schemes
| Fund | ICICI Prudential Nifty 100 ETF | It’s Benchmark | BHARAT 22 ETF | It’s Benchmark |
| 1 Year | 28.18 | 28.42 | 71.99 | 28.42 |
| 3 Year | 15.16 | 16.59 | 39.54 | 16.59 |
| 5 Year | 16.82 | 18.01 | 24.86 | 18.01 |
| 7 Year | 14.70 | 15.67 | — | — |
| 10 Year | 15.00 | 15.72 | — | — |
3) Priya Sridhar
Education: Nil
Experience: Nil
Past Performance of his Schemes
| Fund | ICICI Prudential BHARAT 22 FOF | It’s Benchmark | ICICI Prudential Nifty 100 ETF | It’s Benchmark |
| 1 Year | 72.06 | 28.42 | 28.18 | 28.42 |
| 3 Year | 39.60 | 16.59 | 15.16 | 16.59 |
| 5 Year | 24.73 | 18.01 | 16.82 | 18.01 |
| 7 Year | — | — | 14.70 | 15.67 |
| 10 Year | — | — | 15.00 | 15.72 |
Which Company Owns ICICI Prudential Nifty LargeMidcap 250 Index Fund?
ICICI Prudential Asset Management Company Ltd
Address: One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai – 400051
Website: http://www.icicipruamc.com
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Is it good to invest in ICICI Prudential Nifty LargeMidcap 250 Index NFO?
Guidance for ICICI Prudential Nifty LargeMidcap 250 Index Fund by Paresh Gordhandas, C.A., Research Analyst.
The objective of the Scheme is to invest in companies whose securities are included in Nifty LargeMidcap 250 Index in the same weightage that they represent in the Nifty LargeMidcap 250 Index in order to achieve the returns of the above index, subject to tracking errors.
This fund can be compared to Edelweiss Nifty Large Mid Cap 250 Index Fund which has given one year return of 19.74% and Zerodha Nifty LargeMidcap 250 Index fund. The Zerodha Nifty LargeMidcap 250 Index fund was launched in Oct-Nov 2023 and does not have a long track record.
Looking at the current market scenario, mid cap companies have already seen a good run up in terms of share prices. However, balancing it out with large cap stocks is a good idea. That is where funds like ICICI Prudential Nifty LargeMidcap 250 Index comes into play.
Can invest a small amount in this NFO.
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