Fundalysisby DARKHORSESTOCKS

Scheme

ICICI Prudential Nifty50 Equal Weight Index Fund

Holds 50 companies worth ₹267 Cr in Sept 2026.

  • Fund house

    ICICIThe fund house that runs this scheme.

  • AUM

    ₹267 CrICICI Prudential Nifty50 Equal Weight Index Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 0.3% on Aug 2026, ₹268 Cr.

  • Largest holding

    Kotak Mahindra Bank LimitedKotak Mahindra Bank Limited is 2.1% of this scheme's NAV.

  • Fund manager

    Nishit PatelRuns its co-manager part since 3 Oct 2022, as the fund house dates it. With Ashwini Bharucha (co-manager), Venus Ahuja (co-manager).

Overview(4 May 2026)

Fund managers3

  1. Nishit PatelCo-manager · Oct 2022 · 7y · B.Com
  2. Ashwini BharuchaCo-manager · Dec 2024
  3. Venus AhujaCo-manager · Nov 2025 · 3y · B.Com
  1. Ashwini ShindeDec 2024 – Nov 2025

Key facts

Benchmark
Nifty50 Equal Weight TRI
Expense
Regular 1.09% · Direct 0.35%
Exit load
Nil
Started
3 Oct 2022
Minimum
₹100

Source.Its Scheme Summary Document as of 4 May 2026 at AMFI.

What changed(4 changes)

May 2026

1 change
  1. Expense ratio
    3 MayRegular 1% → 1.09%Direct 0.4% → 0.35%

Nov 2025

3 changes
  1. Ashwini Bharucha joined
    6 Novas co-manager
  2. Venus Ahuja joined
    6 Novas co-manager
  3. Ashwini Shinde left
    6 Novran it as co-manager from Dec 2024

Source.Its filings at NSE, since Dec 2024.

Fund managers over time(Oct 2022 – now)

  1. Nishit Patel
  2. Ashwini Bharucha
  3. Venus Ahuja
  4. Ashwini Shinde
MainCoSlice2023202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Dec 2024 – May 2026)

Every change to the expense ratio, newest first.
2 changesRegularDirectΔ pt
3 May 20261.09%0.35%0.05
26 Dec 20241.00%0.40%–
Direct plan, 3 May 2026
0.35%
Regular plan 1.09% · Exit load nil
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(4 May 2026)

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. However, there is no assurance or guarantee that the investment objective of the scheme shall be achieved.

Risk, type and benchmark

At launch
Very High
Type
Open Ended
Benchmark
Nifty50 Equal Weight TRI

Asset allocation it may hold% of NAV

  1. Equity and Equity related securities of companies constituting the underlying index (Nifty50 Equal Weight Index)
    Allowed95–100%Holds99.9%
  2. Money Market instruments including TREPs* and Units of debt schemes
    Allowed0–5%

Holds in Sept 2026.99.9% equity · 0.1% debt and cash

How to invest(4 May 2026)

Buying

To start
₹100, then in multiples of ₹1
To add
₹100, then in multiples of ₹1
SIP how often
Daily,Weekly,Fortnightly,Monthly,Quarterly
SIP dates
Daily = Daily (only business days) Weekly = Any day (Monday to Friday)* Fortnightly = 1st and 16th day of each month as applicable Monthly = Any date* Quarterly = Any date* *In case the date chosen for SIP falls on a Non-Business Day or on a date which is not available in a particular month, the SIP will beprocessed on the immediate next Business Day.
SIP minimum
Daily,Weekly,Fortnightly,Monthly = Rs. 100 Quarterly = Rs. 5,000, then re. 1/-
SIP instalments
Daily,Weekly,Fortnightly,Monthly = 6 Quarterly = 4

Selling and switching

To redeem
Any Amount
Switch minimum
₹100
Switch multiples
Any Amount
STP how often
Daily,Weekly,Monthly,Quarterly
STP dates
Daily = Daily (only business days) Weekly = Anyday (Monday to Friday)* Monthly = Any date* Quarterly = Any date* *In case the date chosen for STP falls on a non-business day or on a day which is not available in a particular month, the STP will be processed on the immediate next business day.
STP minimum
Monthly, Weekly, Quarterly = Rs. 1,000 Daily = Rs. 250, then re. 1/-
STP instalments
Daily,Weekly,Monthly = 6 Quarterly = 4
SWP how often
Monthly,Quarterly, Half Yearly,Annual
SWP dates
Monthly = Any date* Quarterly= Any date* Half Yearly = Any date* Annual = Any date* *In case none of the frequencies has been selected then Monthly frequency shall be considered as the Default frequency and where no withdrawal date is selected, 1st business day of the month shall be considered as the default SWP date.
SWP minimum
Any amount, then re. 1
SWP instalments
Monthly,Quarterly, Half Yearly,Annual = 2

Scheme details(4 May 2026)

What it is

Category
Other Schemes – Index Scheme
Offer
14 Sept 2022 to 28 Sept 2022
Started
3 Oct 2022
Reopened
7 Oct 2022
Plans
ICICI Prudential Nifty50 Equal weight Index Fund - Direct Pan - Growth · ICICI Prudential Nifty50 Equal weight Index Fund - Direct Pan - IDCW · ICICI Prudential Nifty50 Equal weight Index Fund - Regular Pan - Growth · ICICI Prudential Nifty50 Equal weight Index Fund - Regular Pan - IDCW
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
Provision with respect to Segregated Portfolio have been added as an enabler
Custodian
HDFC Bank Limited, SBI-SG Global Securities Services Pvt. Ltd., Citibank N. A., Hongkong and Shanghai Banking Corporation Limited (HSBC)
Auditor
M/s BSR & Co. LLP
Registrar
Computer Age Management Services Limited
SEBI code
ICIC/O/E/EIN/22/02/0147