ICICI Prudential Index Fund

ICICI Prudential Index Fund is being managed by Kayzad Eghlim since Aug 2009. The fund manager’s job ends at allocating funds in stocks in the same proportion as found in Nifty index. The fund has given average returns like most other index funds. Existing investors can exit this fund and new investors can skip this one for better large cap funds.  

Where does ICICI Prudential Index Fund invest your money ?

ICICI Prudential Index Fund is a large cap index fund which means your money will be invested in stocks on the Nifty in the same proportion as they occur on the index. Large cap companies tend to be stable compared to mid cap and small cap companies. It has 97.91% exposure to large size companies and close to 2.09% exposure to mid cap companies.

Suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home Purchase
Not suitable for what?
  • Creation of wealth
  • Short term needs
How has ICICI Prudential Index Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in Feb 2002, your value of investments would be around Rs 5.55 lakhs. If you had invested Rs 1 lakh five years back it would have become Rs 1.17 lakhs. The performance has been not better or similar to other large cap mutual funds. The fund has been giving around 3.34% returns to those who have stayed invested for 5 years.

Assume you had invested Rs 10,000 every month in ICICI Prudential Index Fund through SIP since SIP inception in oct 2012 then you would have Rs.70329 with you.

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
What are the charges applicable?

If units are sold within 7 days an exit load of 0.25% is deducted from your total returns. No exit load applies for units withdrawn post one year. Expense ratio of ICICI Prudential Index Fund is 1.75%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.   

What are the tax implications?

The returns in an equity mutual fund are absolutely tax free, provided you do not withdraw within 1 year. 

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