ICICI Pru Nifty Next 50 Index Fund(G)-Direct Plan

Largecap Index Fund
1 Finance Score:64 /100
1 Finance Rank

This fund ranks 23rd out of 57 funds in its category.

23
AUM₹ 7,964 Cr
Expense Ratio0.31%

Strengths and Weaknesses

thub-like

Low tracking error, meaning the fund consistently stays on track with the benchmark, without large deviations.

thub-dislike

High tracking difference, indicating long-term returns deviate significantly from the benchmark.

Who should invest? 

It is suitable for long term investors.

Those who believe in overall growth of the index than in fund manager strategy should invest in index funds.

Who should avoid? 

Those who believe in active fund management strategy should avoid this.

Short term investors should avoid this.

This analysis is updated as on September 2025.

Disclaimer

The Information in the scoring and ranking model is provided solely for general information and educational purposes and shall not constitute any advice or recommendation. Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully before investing. Past performance is not an indicator of future returns.

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Did you know?

Nearly 60% of mutual fund equity AUM is invested in Nifty 50 stocks. This means a significant portion of your investment may overlap with these stocks, potentially harming your portfolio due to overdiversification.
Investing in a direct plan could potentially yield an additional annual return of around 1%.
Most mutual fund schemes are unable to maintain their top-ranking position in terms of returns from year to year. Therefore, it's not advisable to make investment decisions solely based on past performance.
Opting for passive funds (Index funds) over active funds presents a superior choice. These funds not only come with minimal fees but also demonstrate consistent outperformance, particularly in the large cap category.