Table of Contents
Fund Overview
The ICICI Prudential NASDAQ 100 Index Fund is an open-ended index fund that aims to replicate the performance of the NASDAQ-100 Index.
This fund provides investors with exposure to some of the largest non-financial companies listed on the NASDAQ stock exchange, primarily focusing on technology and growth-oriented sectors.
Key Details
| Feature | Details |
|---|---|
| Fund Type | Open-ended index fund |
| Inception Date | October 18, 2021 |
| Fund Manager | Sharmila D’mello (since April 2022) |
| Total Expense Ratio | Regular Plan: 0.96% Direct Plan: 0.52% |
| Minimum Investment | Fresh Subscription: ₹1,000 Additional: ₹500 |
| Assets Under Management (AUM) | ₹1,415.34 crores (as of July 31, 2024) |
Performance Metrics
The fund has shown promising returns since its inception, making it an attractive option for long-term investors.
Returns Overview
| Period | CAGR (%) | Value of ₹10,000 Investment |
|---|---|---|
| Since Inception | – | NAV not applicable yet |
| 1 Year | 11.16% | ₹12,460.09 |
| Benchmark (NASDAQ-100 TRI) | 12.57% | ₹13,908.70 |
Risk Metrics
Understanding the risk associated with investments is crucial for making informed decisions.
- Portfolio Beta: 0.99
- Standard Deviation (Annualized): 21.52%
- Sharpe Ratio: 0.31
- Tracking Error (1 Year): 0.08%
Portfolio Composition
The ICICI Prudential NASDAQ 100 Index Fund primarily invests in equities that are part of the NASDAQ-100 Index. The portfolio is heavily weighted towards technology stocks.
Top Sectors by Exposure
| Sector | Exposure (%) |
|---|---|
| Technology | 49.75% |
| Consumer Discretionary | 15.89% |
| Health Care | 7.76% |
| Communication Services | 8.67% |
| Consumer Staples | 2.60% |
Top Holdings
The fund’s holdings reflect its focus on leading companies in technology and other growth sectors.
| Company | % to NAV |
|---|---|
| Apple Inc | 8.98% |
| Microsoft Corp | 8.20% |
| Nvidia Corporation | 7.59% |
| Alphabet Inc | 5.22% |
| Amazon.com Inc | 5.13% |
Investment Strategy
The primary goal of the ICICI Prudential NASDAQ 100 Index Fund is to achieve long-term wealth creation by closely tracking the returns of the NASDAQ-100 Index.
Key Features
- Access to Leading Companies: Invests in top global companies that dominate their respective markets.
- High Weightage in Technology Stocks: Provides significant exposure to innovative tech firms.
- Potential Hedge Against Rupee Depreciation: Investing in foreign equities can help mitigate currency risk.
FAQs about ICICI Prudential NASDAQ 100 Index Fund
- What is the ICICI Prudential NASDAQ 100 Index Fund?
- The ICICI Prudential NASDAQ 100 Index Fund is an open-ended index fund that aims to replicate the performance of the NASDAQ-100 Index, which includes 100 of the largest non-financial companies listed on the NASDAQ stock exchange, primarily focusing on technology and growth sectors.
- What are the key features of this fund?
- Key features include access to leading global companies, a high weightage in technology stocks, potential hedging against rupee depreciation, and a low expense ratio of 0.52% for direct plans and 0.96% for regular plans.
- What is the minimum investment required?
- The minimum initial investment for fresh subscriptions is ₹1,000, with subsequent investments starting at ₹500.
- How has the fund performed since its inception?
- Since its inception on October 18, 2021, the fund has delivered a return of 11.16% over the past year. The NAV as of July 31, 2024, was ₹13.9087 for the growth option.
- Who manages the fund?
- The fund is managed by Sharmila D’mello, who has been managing this fund since April 2022 and has overall experience of seven years in fund management.
- What are the risks associated with investing in this fund?
- As an equity index fund, it carries market risks associated with stock market fluctuations. The portfolio has a beta of 0.99 and a standard deviation of 21.52%, indicating a relatively high level of volatility.
- Can I redeem my investment at any time?
- Yes, there is no exit load for redemption or switching out of the fund, allowing investors to redeem their investments without incurring any additional charges.
These FAQs aim to provide clarity on essential aspects of the ICICI Prudential NASDAQ 100 Index Fund for potential investors considering their options in equity investments.
https://www.icicipruamc.com/mutual-fund/index-funds/icici-prudential-nasdaq-100-index-fund/1827