January 13, 2024
mayank
ICICI Prudential Nifty50 Value 20 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 Manager
- Should You Invest in this NFO?
- Invest Online
What is the ICICI Prudential Nifty50 Value 20 Index Fund Open Date, Close Date?
NFO opens on January 15, 2024
NFO will close on January 29, 2024
What is the Investment Strategy?
The Scheme seeks to invest in companies whose securities are included in Nifty50 Value 20 Index in the same weightage that they represent in Nifty50 Value 20 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 | 15 January 2024 |
| Issue Close | 29 January 2024 |
| Type | Open-ended |
| Category | Equity: Value Oriented |
| Min. Investment(Rs) | 100 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | NIFTY 50 Value 20 TRI |
What is the Benchmark Index?
The Nifty50 Value 20 Index is designed to reflect the behaviour and performance of a diversified portfolio of value companies forming a part of Nifty 50 Index. It consists of the 20 most liquid value blue chip companies listed on NSE. The Nifty50 Value 20 Index has been computed historically from January 01, 2009.
At the time of rebalancing of shares/ change in index constituents/ change in investable weight factors (IWFs), the weightage of the index constituent (wherever applicable) is capped at 15%. Weightage of such stock may increase beyond 15% between the rebalancing periods.
Nifty50 Value 20 Index can be used for a variety of purposes such as benchmarking fund portfolios, issuance of index funds, ETFs and structured products.
Index Variant: Nifty50 Value 20 Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 11.77 | 27.77 | 27.77 | 17.73 | 17.76 |
| Total Return | 12.33 | 29.79 | 29.79 | 20.40 | 20.08 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 11.07 | 17.54 | 18.40 |
| Beta (NIFTY 50) | 0.91 | 0.80 | 0.91 |
| Correlation (NIFTY 50) | 0.80 | 0.86 | 0.92 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 18.54 | 3.38 | 2.44 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| ICICI Bank Ltd. | 14.89 |
| Infosys Ltd. | 14.85 |
| ITC Ltd | 12.30 |
| Tata Consultancy Services Ltd. | 11.55 |
| State Bank of India | 7.40 |
| HCL Technologies Ltd. | 4.66 |
| NTPC Ltd. | 4.44 |
| Tata Steel Ltd | 3.40 |
| Power Grid Corporation of India Ltd. | 3.25 |
| Hindalco Industries Ltd. | 2.70 |
Performance Review of the Fund Managers of ICICI Prudential Nifty50 Value 20 Index Fund?
1) Kewal Shah
Education: Nil
Experience: Nil
Past Performance of his Schemes
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 | ICICI Prudential Nifty 50 ETF | It’s Benchmark |
| 1 Year | 23.54 | 26.20 | 23.89 | 26.20 |
| 3 Year | 15.39 | 16.91 | 15.87 | 16.91 |
| 5 Year | 15.74 | 16.86 | 16.43 | 16.86 |
| 7 Year | 15.20 | 16.25 | 15.92 | 16.25 |
| 10 Year | 14.64 | 15.37 | 14.74 | 15.37 |
2) Priya Sharidhar
Education: Nil
Experience: Nil
Past Performance of his Schemes
Which Company Owns ICICI Prudential Nifty50 Value 20 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 Nifty50 Value 20 Index Fund NFO?
Guidance for ICICI Prudential Nifty50 Value 20 Index Fund by Paresh Gordhandas, C.A., Research Analyst.
Will Post Soon
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