ICICI Prudential Nifty Top 15 Equal Weight Index Fund Direct Growth

Very High Risk | Equity

Fund Overview

Launch Date

10 Jun 2025

End Date

24 Jun 2025

Allotment Date

27 Jun 2025

NAV

₹10.00

Expense Ratio, Exit Load & Tax

Expense ratio

Inclusive of GST

Exit load

Nil

Stamp Duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.

Minimum Investment Amounts

Min. for 1st investment

₹1000

Min. for 2nd investment onwards

₹1000

Min. for SIP

₹1000

Fund Managment

Nishit Patel

Jun 2025 - Present

Education

Mr. Patel is a B.Com & Chartered Accountant

Experience

Prior to joining ICICI Prudential Mutual fund, he has worked with K.K.Dand & Co.

Fund House & Investment Objective

ICICI Prudential Mutual Fund

Rank(total assets)

#3 in India

Date of Incorportation

12/10/1993

Total AUM

₹9,56,306.15Cr

ICICI Prudential Nifty Top 15 Equal Weight Index Fund Direct Growth is a Equity Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was made available to investors on 12 Oct 1993. Nishit Patel is the Current Fund Manager of ICICI Prudential Nifty Top 15 Equal Weight Index Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹9,56,306 Cr and the Latest NAV as of 10 Jun 2025 is ₹10.00. The ICICI Prudential Nifty Top 15 Equal Weight Index Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹1,000. Minimum Lumpsum Investment is ₹1,000.


Investment Objective

The scheme seeks to provide returns before expenses that correspond to the total return of Nifty Top 15 Equal Weight Index, subject to tracking errors.

Fund benchmark

Nifty Top 15 Equal Weight Total Return Index

Fund House Contact Details

Address

One BKC , A Wing ,13th Floor, Bandra Kurla Complex, Mumbai 400051

Phone

NA

Launch Fund Date

12 Oct 1993

Groww Logo

Launch Date10 Jun 2025

Closing Date24 Jun 2025

Allotment Date27 Jun 2025

Groww Logo

Launch Date17 Jun 2025

Closing Date23 Jun 2025

Allotment Date25 Jun 2025

Groww Logo

Launch Date09 Jun 2025

Closing Date23 Jun 2025

Allotment Date27 Jun 2025

Groww Logo

Launch Date05 Jun 2025

Closing Date19 Jun 2025

Allotment Date25 Jun 2025

Groww Logo

Launch Date05 Jun 2025

Closing Date19 Jun 2025

Allotment Date25 Jun 2025

Groww Logo

Launch Date13 Jun 2025

Closing Date27 Jun 2025

Allotment Date04 Jul 2025


Testimonial

Genuine Review Form Statisifed Customers

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FAQ's

Frequenlty Asked Question

Can US or Canadian NRIs invest through KSquare?

Currently, due to compliance issues, many mutual funds restrict US/Canada NRIs. KSquare can guide you on eligible options.

Can I withdraw my mutual fund investment anytime?

Most mutual funds offer liquidity, allowing you to redeem units anytime, except for closed-ended and ELSS funds with lock-ins.

Will I lose ownership of my mutual funds?

No, the mutual funds are just pledged. You continue to retain ownership and can repay the loan to unpledge them.

Is there a processing fee for LAMF through KSquare?

A nominal processing fee may apply depending on the lender. KSquare clearly discloses all charges upfront.

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NPS is regulated by PFRDA and offers transparency, safety, and steady growth through professional fund managers.

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Yes, KSquare helps NRIs complete the KYC process digitally, making onboarding quick and hassle-free.

Is SIP a good option for first-time investors?

Absolutely! SIPs are ideal for beginners due to their simplicity, flexibility, and potential for long-term wealth creation.

Are mutual funds safe to invest in?

Mutual funds carry market risk, but diversification and professional management help reduce volatility and improve long-term growth potential.

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