![]() ![]() This fund has a large exposure to the banking, software, and petroleum industries. This is rated as a high-risk investment that requires a minimum SIP investment of Rs. ICICI Prudential Nifty Index Fund – Growth is a passively managed mutual fund that was launched in January 2013. ICICI Prudential Nifty Index Fund – Growth Historical Returns of the Fund (annualised) 1-Year The main investment objective of the fund is to invest in stocks comprising the Nifty 50 Index and aim to achieve returns that are equivalent to the Nifty 50 Index through “passive” investment. It aims to replicate the underlying index of Nifty 50 to minimize the return differential between the fund and index. The fund follows a passive investment strategy through investment in equity instruments that are part of the Nifty 50 Index. This fund is ideal for those investors who are looking for capital growth in line with the index returns. Here is a table of the fund’s top percentage allocation of investment across sectors: Sectors The scheme aims to minimise performance difference between its returns and the benchmark index. ![]() The primary objective is to achieve returns in tandem to the Total Returns Index of Nifty 50 index. It adopts a passive investment strategy and invests in stocks that comprise the Nifty 50 index. L&T Nifty 50 Index Fund belongs to L&T Mutual Fund umbrella. Mentioned below are some top Nifty index funds in India: L&T Nifty 50 Index Fund – Growth – Direct Plan Since index funds are passive funds, these just track the index.
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