ICICI Prudential Nifty Junior Index

ICICI Prudential Nifty Junior Index Fund is managed by an experienced manager Kayjad Eghlim. The objective of the fund is to invest in companies whose securities are included in Nifty Junior Index and to endeavor to achieve the returns of the above index as closely as possible.

Where does ICICI Prudential Nifty Junior Index Fund invest your money?

ICICI Prudential Nifty Junior Index Fund is a mid cap fund which means most of your money will be invested in mid cap companies. Large cap companies tend to be stable compared to mid cap and small cap companies. And just to give kicker returns the fund has exposure in mid cap companies. It has 40.66% exposure to large sized companies and 59.34% exposure to mid sized companies.

Suitable for what?
  • Creating wealth
  • Lifestyle needs
Not suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home purchase
How has ICICI Prudential Nifty Junior Index Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in June 2010, your value of investments would have dropped to Rs 1.04 Lakhs. The performance has been not been similar to that of the other index mutual funds. 

Assume you had invested Rs 10,000 every month in it through SIP since inception today you would have just around Rs 3.82 lakhs.

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

If units are sold within a year an exit load of 1% is deducted from your total returns. No exit load applies for units withdrawn post one year. Expense ratio of ICICI Prudential Nifty Junior Index Fund is 1.62%. 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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