ICICI Prudential Nifty Next 50 Index Mutual Fund

Introduction

ICICI Prudential Asset Management Company Ltd. is a leading asset management company
(AMC) in the country focused on bridging the gap between savings & investments and creating
long term wealth for investors through a range of simple and relevant investment solutions.

The AMC is a joint venture between ICICI Bank, a well-known and trusted name in financial
services in India and Prudential Plc, one of UK's largest players in the financial services sectors.
Throughout these years of the joint venture, the company has forged a position of pre-eminence in
the Indian Mutual Fund industry.

The AMC manages significant Assets under Management (AUM) in the mutual fund segment. The
AMC also caters to Portfolio Management Services for investors, spread across the country,
along with International Advisory Mandates for clients across international markets in asset
classes like Debt, Equity and Real Estate.

The AMC has witnessed substantial growth in scale; from 2 locations and 6 employees at the
inception of the joint venture in 1998, to a current strength of 3072 employees with a reach across
over 350 locations reaching out to an investor base of 87 lakh investors (as on June 30, 2023).

The company's growth momentum has been exponential and it has always focused on increasing
accessibility for its investors. Driven by an entirely investor centric approach, the organization
today is a suitable mix of investment expertise, resource bandwidth and process orientation. The
AMC endeavors to simplify its investor's journey to meet their financial goals, and give a good
investor experience through innovation, consistency and sustained risk adjusted performance.

ICICI Prudential Mutual Fund offers a wide range of retail and corporate investment solutions
across various asset classes-Equity, Debt, Hybrid, Solution Oriented and Others. The Fund House
has continuously aimed to provide investors with financial solutions to aid them in achieving their
lifecycle objectives. It has constantly been on the forefront of innovation and has introduced
various products aligned to meet customer needs, leading to a well-diversified portfolio of around
120 mutual fund schemes, across equity, debt, hybrid, solution oriented and others.

M DEVIKA 22MSRCI020
The success of the various endeavors is evident in the mutual fund investor base which has
witnessed tremendous growth over the years.

As of March 31, 2023, the investor hase for the AMC stood at 8.4 million + investors. ICICI
Prudential Mutual Fund gained investor trust by managing funds as per its investment objectives
and have been able to deliver superior risk adjusted returns. The consistent long term performance
was achieved on the strength of fundamentals, process driven investment approach with enough
flexibility for the fund managers to manage their funds in their respective unique style and insight.
The fund house over the last 25 years has emerged as a leading investment solution provider in
India and has always aimed to fulfill its fiduciary responsibility of managing investor's wealth with
prudence and due diligence.

• Mutual Fund : ICICI Prudential Mutual Fund

• Setup Date : 12-Oct-1993
• Incorporation Date : 22-Jun-1993
• Sponsor : ICICI Bank Limited and Prudential Plc
• Trustee : ICICI Prudential Trust Limited
• Chairman : NA
• CEO / MD : Mr. Nimesh Shah
• CIO : Mr. S Naren
• Compliance Officer : Mr. Rakesh Shetty
• Investor Service Officer : Mr. Rajen Kotak
• Assets Managed : ₹ 572,099.45 crore (as on 30-Jun-2023)

M DEVIKA 22MSRCI020
 ICICI Prudential Nifty Next 50 Index Mutual Fund

2. Details of current NAV, Assets managed, risk-o-meter,

1) NAV:

NAV stands for Net Asset Value. The performance of a mutual fund scheme is denoted by its
NAV per unit.

NAV per unit is the market value of securities of a scheme divided by the total number of
units of the scheme on a given date.

The Current Net Asset Value of the ICICI Prudential Equity & Debt Fund as of Sep 15, 2023
is Rs 34.56 for IDCW Monthly option of its Regular plan.

2) Returns:

Its trailing returns over different time periods are:

• 19.68% (1yr),
• 29.59% (3yr),
• 16.24% (5yr)
• 15.01% (since launch).

This scheme was made available to investors on 11 Oct 1993.

S Naren, Rajat Chandak is the Current Fund Manager of ICICI Prudential Bluechip Fund
Direct Growth fund. The fund currently has an Asset Under Management(AUM) of
₹4,70,644 Cr and the Latest NAV as of 15 Sep 2023 is ₹87.83.

Assets Managed:

Total Asset under Management (AUM) of ICICI AMC is ₹5.7L Cr which is 12.5% of the
total AUM managed by 55 other AMC’s in India. It's AUM rank is 3/41.

Total number of schemes are 89 out of which 44 are Equity, 21 are Debt and 22 are hybrid.
This is illustrated below:

SCHEMES
Hybrid,
22

Equity, 44

Debt, 21

Thiluckraj G K MSC CS&IT 22MSRCI038

It's 89 schemes are managed by 43 fund managers. Our Assets Under Management (AUM) at
June 30, 2023 were `2,664.20 billion. At ICICI Prudential Life, we operate on the core
philosophy of customer-centricity. We offer long-term savings and protection products to
meet the different life stage requirements of our customers. Nimesh Shah joined ICICI
Prudential AMC (IPAMC) in July 2007 as the MD & CEO. Under his leadership the AMC
has emerged as one of the largest, most respected, and trusted Investment Managers in India;
having contributed significantly to the growth of the Indian Mutual Fund Industry.

List of ICICI Prudential Mutual Fund in India

Fund Name Category 1Y Returns
ICICI Prudential Multi Asset Fund Hybrid 21.0%
ICICI Prudential Bluechip Fund Equity 18.1%
ICICI Prudential Balanced Advantage Fund Hybrid 12.2%
ICICI Prudential Income Optimizer Fund Other 15.4%

ICICI Prudential Asset Management Company is backed by ICICI Bank, India's largest
private sector bank, and Prudential Plc., one of the biggest names in the financial services
industry in the United Kingdom, making it a safe investment.

ICICI Prudential Multi Asset Fund-Growth has ₹22,631 Crores worth of assets under
management (AUM) as on 30/06/2023 and is medium-sized fund of its category. The fund
has an expense ratio of 1.68%, which is higher than what most other.

ICICI Prudential Multi-Asset Fund - Growth [549.4186] ICICI Prudential Mutual Fund -
Moneycontrol. Multi-asset class investments increase the diversification of an overall
portfolio by distributing investments throughout several classes. This reduces risk (volatility)
compared to holding one class of assets, but might also hinder potential returns.

The Scheme provides a blend of all asset classes and follows the approach below.

E Domestic Equity ETFs and Index Funds 25%-65%

D Debt ETFs and Index Funds 25%-65%
G Gold ETFs 0%-15%
E Global Equity ETFs and Index Funds 10%-30%.

The NAV of ICICI Prudential Multi-Asset Fund ended up ₹2.26 (0.41% yesterday
to ₹549.4186.

Thiluckraj G K MSC CS&IT 22MSRCI038

The Total Assets Of Icici Prudential
Total assets ₹251,264.58 crore (US$31 billion) (2023)
Total equity ₹9,158 crore (US$1.1 billion) (2022)
Number of employees 14,630
Parent ICICI Bank Prudential plc

Risk-O-Meter:

The Risk-O-Meter, also known as the Mutual Fund Riskometer, is a standardized tool used
by mutual fund companies in India to indicate the level of risk associated with a particular
mutual fund scheme. It typically ranges from "Low" to "Very High" and helps investors
assess the risk level of a fund before investing. The Risk-O-Meter is mandated by the
Securities and Exchange Board of India (SEBI) to provide investors with a quick
understanding of the risk associated with a mutual fund scheme.

ICICI Prudential Mutual Fund, like other fund houses in India, provides this Risk-O-Meter
information for each of its mutual fund schemes. The level of risk associated with a specific
scheme will depend on various factors, including the types of assets it invests in, its
investment objectives, and its historical volatility.

To find the Risk-O-Meter rating for a specific ICICI Prudential Mutual Fund scheme, you
can visit their official website or refer to the scheme's offer documents, fact sheets, or other
official communications. Additionally, you can consult with your financial advisor or contact
ICICI Prudential Mutual Fund directly for this information. It's important to consider the
Risk-O-Meter rating along with your own risk tolerance and investment goals when choosing
a mutual fund scheme.

When it comes to mutual fund scheme in India, equity funds are generally considered to be
the highest-risk schemes. Equity mutual funds invest primarily in stocks, which are subject to
market volatility and can experience significant price swings in a short period. Generally
speaking, most mutual funds are invested in securities such as stocks and bonds where, no
matter how conservative the investment style, there will be some risk of losing your principal.

ICICI Prudential mutual Fund (G) was launched on Mar 03, 2000. The category risk of the
fund is Very High Risk. The minimum SIP amount for ICICI Prudential mutua Fund (G) is
₹1000 and you can increase this in multiples of ₹100. In case you want to invest a lump sum,
the minimum amount to be invested is ₹5000.

Thiluckraj G K MSC CS&IT 22MSRCI038

 MSc CS & IT SMO-22JUOE0905 Activity-2

3. Explain the asset allocation as per fund objective, top 10 stock holdings of the
fund along with its industry sector.
What Is an Asset Allocation Fund?
An asset allocation fund is a type of mutual fund or exchange-traded fund that owns
a mix of stocks, bonds and other asset classes. These funds aim to strike a balance
between risk and return by investing across asset categories.

The fund managers decide how much of each asset class they should own, and they
periodically adjust the allocation based on market conditions or changes in the
investment strategy.

By spreading investments across multiple asset classes, asset allocation funds aim to
minimize the impact of a decline in any single investment category on the overall
portfolio’s performance. They also provide investors with a convenient diversified
portfolio.

Brief:

Asset allocation is the process of dividing your investment portfolio across different
asset classes, such as equity, debt, and cash. The goal is to achieve a balance between
risk and reward that is aligned with your individual investment goals and risk
tolerance.

Mutual funds provide an easy way to implement asset allocation, as they typically
invest in a basket of securities across different asset classes. The fund's asset
allocation will vary depending on its investment objective.

Here is a general guide to the asset allocation of different types of mutual funds:

Equity funds: Equity funds invest primarily in stocks. They offer the highest
potential returns, but they also carry the highest risk. Equity funds are typically
suitable for investors with a long-term investment horizon and a high risk tolerance.

Jahnavi Shetty USN-22MSRCI011

 MSc CS & IT SMO-22JUOE0905 Activity-2

Debt funds: Debt funds invest primarily in bonds. They offer lower returns than
equity funds, but they are also less risky. Debt funds are typically suitable for
investors with a shorter investment horizon or a lower risk tolerance.

Hybrid funds: Hybrid funds invest in a mix of equity and debt. They offer a balance
of risk and return between equity funds and debt funds. Hybrid funds are suitable for
investors with a moderate risk tolerance and a medium-term investment horizon.

Asset allocation funds: Asset allocation funds invest in a mix of asset classes,
including equity, debt, and cash. The fund manager will dynamically adjust the asset
allocation based on market conditions and the fund's investment objective. Asset
allocation funds are suitable for investors who want to implement a diversified asset
allocation strategy without having to manage their own portfolio.

Here are some examples of asset allocation for different mutual fund objectives:

Growth funds: Growth funds aim to generate capital appreciation over the long term.
They typically invest 70-90% of their assets in equity and 10-30% in debt.

Income funds: Income funds aim to generate regular income for investors. They
typically invest 60-80% of their assets in debt and 20-40% in equity.

Balanced funds: Balanced funds aim to provide a balance of risk and return. They
typically invest 40-60% of their assets in equity and 40-60% in debt.

Conservative funds: Conservative funds aim to preserve capital and generate modest
returns. They typically invest 20-40% of their assets in equity and 60-80% in debt.

It is important to note that these are just general guidelines. The actual asset allocation
of a mutual fund will vary depending on the fund's specific investment objective and
investment strategy. Investors should carefully read the scheme information
document (SID) of a mutual fund before investing to understand its asset allocation
and risk profile.

Tips for choosing the right asset allocation:

Jahnavi Shetty USN-22MSRCI011

 MSc CS & IT SMO-22JUOE0905 Activity-2

When choosing the right asset allocation for you, there are a few things you should
keep in mind:

Investment goals: What are you saving for? Are you saving for retirement, a down
payment on a house, or your child's education? Your investment goals will help you
determine how long you have to invest and how much risk you can afford to take.

Risk tolerance: How much risk are you comfortable with? Some investors are more
comfortable with risk than others. If you are not comfortable with losing money, you
should choose a more conservative asset allocation.

Investment horizon: How long do you plan to invest for? If you have a long
investment horizon, you can afford to take on more risk. If you have a shorter
investment horizon, you should choose a more conservative asset allocation.

The fund has allocated 99.9% of its assets to equity shares, with the remaining 0.1%
allocated to other investments.

The fund's equity allocation is distributed across a total of 50 stocks, with 58.74%
invested in large-cap stocks, 28.63% in mid-cap stocks, and 1.14% in small-cap
stocks, 11.43% in others.

Top 10 stock holdings:

Stock Invested in ---- Sector

Jahnavi Shetty USN-22MSRCI011

 MSc CS & IT SMO-22JUOE0905 Activity-2

1. Bharat Electronics Ltd. ----- Aerospace & defense

2. Cholamandalam Investment & Finance Co. Ltd. ----- Non banking financial
company (nbfc)
3. Pidilite Industries Ltd. ---- Specialty chemicals
4. Godrej Consumer Products Ltd ---- Personal care
5. Hindustan Aeronautics Ltd. ---- Aerospace & defense
6. Tata Power Co. Ltd. ----- Integrated power utilities
7. Siemens Ltd. ----- Heavy electrical equipment
8. Bank Of Baroda ----- Public sector bank
9. Havells India Ltd. ------ Consumer electronics
10.SRF Ltd. ----- Specialty chemicals

99.9% of the fund's assets are allocated to equity shares, with only 0.1% allocated to
other investments.

The fund is overweight in large-cap stocks (58.74%), but it also has significant
exposure to mid-cap (28.63%) and small-cap (1.14%) stocks.

The fund's top 10 stock holdings account for 30.79% of the fund's assets, which is a
relatively low concentration, but it is still a significant portion of the portfolio.

Jahnavi Shetty USN-22MSRCI011

 MSc CS & IT SMO-22JUOE0905 Activity-2

The fund's top 3 sectors (aerospace & defense, specialty chemicals, and personal care)
account for 24.26% of the fund's assets, which is also a relatively low concentration,
but it is still a significant exposure to these sectors.

The ICICI Prudential Nifty 50 Mutual Fund appears to be a well-diversified equity

fund with a focus on large-cap stocks while also having meaningful exposure to mid-
cap and small-cap segments. The top 10 stock holdings represent a variety of
industries, providing potential diversification benefits. However, investors should be
mindful of the inherent risks associated with equity investments and should consider
their own investment objectives and risk tolerance when investing in this fund. It's
also essential to monitor the fund's performance over time and review its holdings
periodically.

Jahnavi Shetty USN-22MSRCI011

4) Track and interpret the returns of the mutual fund over 1,3 and 5 year period

ICICI Prudential Nifty Next 50 Mutual reported the following returns

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns

1 Week 13-Sep-23 9991 -0.09% -

1 Month 18-Aug-23 10439.8 4.40% -
3 Month 20-Jun-23 10391.1 3.91% -
6 Month 20-Mar-23 12158.7 21.59% -
YTD 30-Dec-22 10814.1 8.14% -
1 Year 20-Sep-22 10182.2 1.82% 1.82%
2 Year 20-Sep-21 10797.4 7.97% 3.91%
3 Year 18-Sep-20 16500.8 65.01% 18.13%
5 Year 19-Sep-18 15521.9 55.22% 9.18%
10 Year 20-Sep-13 39659.9 296.60% 14.76%

Since Inception 25-Jun-10 40152.9 301.53% 11.06%

Interpretation:

1 Year:

An investment made one year ago on September 20, 2022, has grown to ₹10,182.2, with an
annualized return of 1.82%.

2 Years:

For an investment made two years ago on September 20, 2021, it would have grown to ₹10,797.4,
with an annualized return of 3.91%.

The annualized returns for shorter time frames (1-year, 2-year) are relatively modest compared to
the longer-term returns. This suggests that the mutual fund may have experienced more significant
growth over longer investment horizons.

3 Years:

An investment made three years ago on September 18, 2020, has shown significant growth, reaching
₹16,500.8. The annualized return for this three-year period is 18.13%.

The 3-year annualized return of 18.13% indicates strong performance over this period, suggesting
that the fund has generated significant average annual growth for investors who held it for three
years

Mohammed Taha 22MCAR0033 MCA-ISMS

5 Years:

If you had invested five years ago on September 19, 2018, it would now be worth ₹15,521.9, with an
annualized return of 9.18%.

The 5-year and 10-year annualized returns of 9.18% and 14.76%, respectively, are both positive,
indicating that the fund has generated consistent growth over these longer periods.

In summary, these annualized returns reveal the following:

1) Consistency: Both the 5-year and 10-year annualized returns are positive, indicating that the
fund has consistently generated positive returns for investors over these extended time
frames.
2) Steady Growth: The returns suggest that the fund has been able to navigate various market
conditions and economic cycles, providing investors with steady and reliable growth over the
years.
3) Long-Term Potential: A 10-year annualized return of 14.76% is particularly noteworthy, as it
demonstrates the fund's potential to create wealth for investors who adopt a long-term
investment strategy.

It's important to note that while these returns are indicative of past performance, they do not
guarantee future results. Investors should consider these returns in conjunction with their individual
financial goals, risk tolerance, and investment strategy when making decisions about their mutual
fund investments. Additionally, it's advisable to periodically review and reassess your investment
portfolio to ensure it aligns with your evolving financial objectives.

Mohammed Taha 22MCAR0033 MCA-ISMS

Name-B. Darahaas Kiran

USN- 22MSRCI009

5. A brief write up on how to invest in mutual funds in India

Investing in mutual funds in India can be a smart way to grow your wealth over the long term. Mutual
funds pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other
securities managed by professional fund managers. Here's a brief step-by-step guide on how to invest in
mutual funds in India:

1) Set Clear Financial Goals:

Determine your investment objectives, whether it's for wealth creation, retirement planning, or buying a
house. Your financial goals will help you choose the right type of mutual funds.

2) KYC (Know Your Customer) Process:

Before you can invest in mutual funds, you must complete the KYC process. Visit the website of a
KYC registration agency (KRA) like CAMS or Karvy, or you can also do this through some mutual fund
houses or their distributors. Submit necessary documents such as identity proof, address proof, and a
passport-sized photograph.

3) Select the Right Mutual Funds:

There are various types of mutual funds in India, such as equity funds, debt funds, hybrid funds, and
more. Choose funds that align with your financial goals, risk tolerance, and investment horizon.

4) Choose the Right Investment Mode:

You can invest in mutual funds through different modes:

- Direct Plan: Invest directly with the mutual fund company. This usually has lower expense ratios.

- Regular Plan: Invest through a mutual fund distributor or broker. They may provide advisory services
but charge a commission.

5) Online Account Setup

Open an account with a mutual fund registrar and transfer agent (RTA) like CAMS, Karvy, or create an
account on the mutual fund house's website. You can also use online platforms or mobile apps of brokers
and financial institutions.

6) Complete Risk Profiling:

Many online platforms and distributors offer risk profiling tools. Complete these assessments to
understand your risk tolerance, which can help in selecting suitable funds.

B. DARAHAAS KIRAN 22MSRCI009

 7) Fund Selection:

Once your account is set up, browse through the available mutual funds. Pay attention to factors like
past performance, expense ratios, fund manager's track record, and the fund's investment objective.

8) Investment Amount and Mode:

Decide how much you want to invest and choose your investment mode - lump-sum (one-time) or
systematic investment plan (SIP). SIP allows you to invest a fixed amount regularly, which can be as low
as Rs. 500 per month.

9) Payment and Documentation:

Provide the necessary details for payment, either through net banking, NEFT, or a check. Complete the
required documentation, including a signature on the application form.

10) Monitor and Review:

After investing, regularly monitor the performance of your mutual funds. Rebalance your portfolio if
necessary, and review your investments periodically to ensure they align with your financial goals.

11) Stay Informed:

Keep yourself informed about market conditions, tax implications, and any regulatory changes that
may affect your investments.

12) Tax Planning:

Understand the tax implications of your mutual fund investments. Equity-oriented funds and debt funds
have different tax treatment in India.

13) Redeem or Switch Funds:

When you need to access your funds or want to switch between funds, follow the redemption or switch
process as per your investment platform's guidelines.

Remember that mutual fund investments carry risks, and past performance is not indicative of future
results. Diversify your investments across different asset classes to manage risk effectively, and consider
consulting a financial advisor if you are unsure about your investment decisions.

B. DARAHAAS KIRAN 22MSRCI009

Name-Aastha Gupta
USN-22MSRCI003
ICICI Prudential Nifty Next 50 Index Mutual Fund

6. How to invest in systematic investment plans (SIPs)

A Systematic Investment Plan (SIP) is a disciplined investment approach that allows
individuals to invest a fixed amount at regular intervals in selected investment instruments.
SIPs offer benefits such as regular investing, flexibility, potential for rupee cost averaging, and
the opportunity to start with small amounts. SIPs are a type of investment in which a fixed
amount of money is invested regularly, usually monthly, into a mutual fund. The investment
amount and frequency can be changed over time, but the investment duration remains fixed.
The key advantage of SIP is that it helps investors create disciplined saving habits and regularly
invest over the long term. This approach helps to average out market ups and downs and benefit
from the power of compounding.
To invest in SIPs, you need to select a mutual fund scheme, choose an investment frequency,
complete the KYC process, and begin your SIP investment. The minimum period for SIPs is
generally 6 months, but it depends on the mutual fund scheme. The maximum and minimum
amounts that can be invested in a SIP can vary depending on the mutual fund scheme and the
fund house. SIPs are easy to set up and manage. Moreover, the mandate allows the investment
amount to be automatically deducted from your bank account each month. Hence, you don’t
have to worry about making manual investments. This makes SIPs a convenient option for
individuals who are busy or who don’t have the time to manage their investments actively.
To start investing in a systematic investment plan (SIP), you first need to register with the
Indian broker or financial advisor you wish to work with. Once registered, you can choose from
a wide range of investment plans to suit your needs and risk profile. The paperwork
requirements for starting an SIP are rather basic. You would need the following documents:
PAN card, address proof, and identity proof. Experts often suggest linking an SIP with a
financial objective (e.g. buying a car, paying for a vacation, building a retirement corpus). Use
an SIP calculator to assess how much you need to save on a monthly or quarterly basis to
achieve that goal.
In conclusion, SIPs are a great way to invest in mutual funds and create disciplined saving
habits. They offer benefits such as regular investing, flexibility, potential for rupee cost
averaging, and the opportunity to start with small amounts. To invest in SIPs, you need to select
a mutual fund scheme, choose an investment frequency, complete the KYC process, and begin
your SIP investment. It is important to choose the right mutual fund scheme and set a financial
goal to achieve the desired results.
❖ Investing in a Systematic Investment Plan (SIP) with ICICI Prudential, or any other mutual
fund company, typically involves a series of steps. Here's a step-by-step guide on how to
invest in SIPs with ICICI Prudential:

➢ KYC (Know Your Customer): Before you can invest in mutual funds, including SIPs,
you need to complete your KYC process. You can do this by visiting an ICICI

Aastha Gupta MSC CS&IT 22MSRCI003

 Prudential branch, or you can complete the KYC process online through the Central
KYC Registry (CKYC) or the e-KYC process offered by ICICI Prudential.

➢ Choose a SIP: Decide which ICICI Prudential mutual fund SIP you want to invest in.
ICICI Prudential offers a variety of mutual funds across different categories such as
equity, debt, and hybrid. You can select a SIP based on your financial goals, risk
tolerance, and investment horizon.

➢ Fund Research: Before making your investment, it's advisable to research the fund
you're interested in. Look at its past performance, expense ratio, portfolio holdings, and
the fund manager's track record. ICICI Prudential provides detailed information about
their funds on their website.

➢ Select Investment Amount: Determine how much you want to invest in your chosen
SIP. SIPs allow you to start with a small amount and then invest regularly. Decide on
the frequency (monthly, quarterly, etc.) and the specific amount you want to invest.

➢ Complete the Application Form: You can obtain the application form for the SIP from
the ICICI Prudential website or by visiting their branch. Fill out the form with accurate
information, including your personal details, investment amount, and bank details.

➢ Provide KYC Documents: Attach photocopies of the necessary KYC documents,

including your PAN card, Aadhar card, address proof, and passport-sized photographs.

➢ Payment: You can make the initial investment payment through a cheque, demand
draft, or online payment (if available). Ensure that the payment method aligns with the
SIP application process.

➢ Submit the Application: Submit the completed application form along with the
necessary documents and payment to the nearest ICICI Prudential branch or an
authorized distributor.

➢ Registration and Allotment: After receiving your application, ICICI Prudential will
verify the details and process your investment. Once your SIP is registered, you will
receive an account statement.

➢ Start SIP: Your SIP will commence on the date you specified in your application.
Subsequent SIP payments will be automatically debited from your bank account on the
chosen frequency.

➢ Monitor and Review: Periodically review your SIP investments to ensure they align
with your financial goals. You can make changes or redeem your investments as
needed.

➢ Remember that mutual fund investments carry risks, and past performance is not
indicative of future results. It's important to consult with a financial advisor or conduct
thorough research before making investment decisions. Additionally, make sure to stay
updated with the latest information and updates from ICICI Prudential regarding your
investments.

Aastha Gupta MSC CS&IT 22MSRCI003

❖ Investing in systematic investment plans (SIPs) for the ICICI Prudential Nifty Next 50 Index
Fund is a simple process that can be done online. Here is a detailed step-by-step guide on how
to invest in SIPs for this fund:

• Visit the website of the ICICI Prudential Nifty Next 50 Index Fund
• Click on the "Invest Now" button.
• Choose the "SIP" option.
• Enter the amount you want to invest and the frequency of investment (monthly,
quarterly, etc.).
• Fill in your personal and bank details.
• Submit the form and make the payment.
• Alternatively, you can also invest in the ICICI Prudential Nifty Next 50 Index Fund
through other online platforms such as Groww, ET Money, and INDmoney

• These platforms allow you to invest in mutual funds online and offer features such as
easy tracking of investments, portfolio analysis, and goal-based investing.
• When investing in SIPs, it is important to keep in mind that it is a long-term investment
strategy and requires patience and discipline. SIPs allow you to invest a fixed amount
of money at regular intervals, which helps you to average out the cost of investment
and reduce the impact of market volatility. It is also important to choose a fund that
aligns with your investment goals and risk appetite.
• In conclusion, investing in SIPs for the ICICI Prudential Nifty Next 50 Index Fund is a
simple process that can be done online. It is important to choose a fund that aligns with
your investment goals and risk appetite and to keep in mind that SIPs are a long-term
investment strategy that requires patience and discipline.

Aastha Gupta MSC CS&IT 22MSRCI003

Aastha Gupta MSC CS&IT 22MSRCI003
USN NO: 22MSRCI020
NAME: M DEVIKA

CONCLUSION

ICICI Prudential Nifty 50 Index Mutual Fund is a straightforward and efficient way to invest in
the Indian equity market, particularly in the top 50 companies represented by the Nifty 50 Index.
As an index fund, it aims to replicate the performance of this benchmark index, providing
investors with broad exposure to well-established companies across various sectors.

Key points to consider:

1. Diversification: This index fund offers built-in diversification as it invests in a wide range of
companies from different sectors. It's suitable for investors looking for exposure to large-cap
stocks.

2. Low Costs: Index funds typically have lower expense ratios compared to actively managed
funds, making them cost-effective options for long-term investors.

3. Minimal Tracking Error: The fund's objective is to closely track the Nifty 50 Index, aiming for
minimal tracking error, which means that its performance should closely mirror that of the index.

Suggestions:
1. Align with Your Investment Goals: Ensure that investing in ICICI Prudential Nifty 50 Index
Mutual Fund aligns with your investment goals. This fund is well-suited for long-term investors
seeking market-like returns with lower management fees.

2. Risk Management: While index funds are generally considered lower risk due to their
diversified nature, it's essential to remember that they are still subject to market fluctuations.
Assess your risk tolerance before investing.

M DEVIKA 22MSRCI020
3. Regular Monitoring: Even though index funds aim to track their benchmark indices closely,
it's wise to monitor your investments periodically. Assess whether your asset allocation remains
in line with your goals.

4. Consider SIPs: If you're looking to invest regularly, consider setting up a Systematic

Investment Plan (SIP) in this fund. SIPs allow you to invest small amounts at regular intervals,
which can be a disciplined approach to long-term wealth creation.

5. Diversify Your Portfolio: While this index fund provides diversification within large-cap
Indian stocks, consider complementing it with other asset classes like debt or international
investments to achieve a well-rounded portfolio.

6. Stay Informed: Keep yourself informed about market developments, economic trends, and
changes in the Nifty 50 Index composition. Understanding how the index evolves can help you
make informed decisions.

In summary, ICICI Prudential Nifty 50 Index Mutual Fund is a reliable choice for investors
seeking a passive investment approach with exposure to India's top 50 companies. However, as
with any investment, it's essential to assess your financial objectives, risk tolerance, and
investment horizon before making decisions. Diversifying our portfolio and regularly reviewing
our investments can contribute to a successful long-term strategy.

M DEVIKA 22MSRCI020