Objective: The objective of the Scheme is to invest in companies whose securities are included in Nifty50 Equal Weight Index and subject to tracking errors, to endeavor to achieve the returns of the above index. This would be done by investing in all the stocks comprising the Nifty50 Equal Weight Index in the same weightage that they represent in Nifty50 Equal Weight Index.
ICICI Prudential Nifty50 Equal Weight Index Fund Direct Growth is an Equity - Index Funds fund. The fund was launched inOct 03, 2022. Its risk level is . The NAV of the fund as onJul 09, 2025 is ₹16.54. Its expense ratio is 0.35 %. The fund has an AUM of ₹124.50 Cr.The fund is managed byKayzad Eghlim,Nishit Patel,Priya Sridhar,Ashwini Shinde.
The minimum initial investment is ₹5000 in Lumpsum mode.