ICICI Prudential Nifty Top 15 Equal Weight Index Fund Direct Growth
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
Website
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Testimonial
Genuine Review Form Statisifed Customers
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FAQ's
Frequenlty Asked Question
What happens if I stop my SIP before maturity?
You can withdraw your invested amount anytime. However, early exits might impact your long-term growth potential.
What fees or charges are involved in mutual fund investing?
Mutual funds may have expense ratios and exit loads. KSquare discloses all charges clearly before you invest.
How are mutual fund returns calculated?
Returns are based on the Net Asset Value (NAV) movement of the fund and any dividends paid out over time.
How is an NFO different from regular mutual fund schemes?
Unlike existing funds with track records, NFOs offer fresh investment opportunities, often at a face value of ₹10.
What happens to my NPS account if I change jobs?
NPS is portable across employers, so your contributions continue seamlessly without any disruption or need for new registration.
Can NRIs invest in NFOs via KSquare?
Yes, most NFOs are open to NRIs subject to fund house guidelines. KSquare helps confirm eligibility for NRIs.
What is the exit or withdrawal rule in NPS?
You can withdraw 60% of the corpus at retirement tax-free and use 40% to buy an annuity for regular income.
Can I increase my SIP amount later?
Yes, KSquare allows you to modify or increase your SIP contributions easily as your income or goals change.