R. Venkatesh, Founder, GuruRam Financial Services Pvt. Ltd
Minimum Investment ₹100: ICICI Prudential Nifty 500 Index Fund
Highlights:
- NFO opens on December 10, 2024, and closes on December 17, 2024
- Offers investors access to India's top 500 companies based on market capitalization
- Minimum Application Amount: ₹100 (plus in multiples of ₹1
ICICI Prudential Mutual Fund announced the launch of ICICI Prudential Nifty 500 Index Fund, an open-ended index scheme replicating Nifty 500 Index. This scheme is designed to replicate the performance of the Nifty 500 Index. The new fund offer (NFO) allows investors to participate in the growth story of India's top 500 companies, representing nearly 94% of the nation's listed universe (Source: Nifty Indices. Nuvama Research Data as on 31st October 2024).
The Nifty 500 Index offers diversification across sectors and market caps, providing dynamic exposure to large-cap, mid-cap, and small-cap segments. This comprehensive approach ensures that investors can capture growth opportunities while adapting to changing market conditions.
ICICI Prudential Nifty 500 Index Fund, aim to provide investors with an opportunity to gain access to a well-diversified portfolio that mirrors the performance of the Indian equity market as a whole. This offering is designed to cater to those looking for a low-cost, passive investment strategy to participate in the long-term wealth creation potential of Indian equities.
The index is rebalanced semi-annually, so it could entirely align with market trends and valuation principles.
Why should investors invest in Nifty 500?
- Broad Market Coverage: Access to the top 500 companies based on market capitalisation
- Robust Diversification: Offers robust sector-level diversification encompassing over 50 Industries
- Dynamic Market Cap Exposure: Offers exposure to large, mid, and small-cap stocks, adapting to changing market trends
- Cost-Efficiency: As a passive investment strategy, the scheme aims to deliver returns with minimal costs and tracking errors
- Proxy to Indian Economy: Offers a broad coverage of 94% of India's listed universe
Riding India's Economic Growth:
India's economy is growing quickly and steadily, offering opportunities for investment. With its nominal GDP expected to increase significantly in the coming years, India is set to become one of the major players in the global market. This growth creates a strong chance for investors to potentially benefit from the country's expanding industries and markets, making it a good choice for building long-term wealth.
Dynamic Market Coverage
The Nifty 500 Index captures growth opportunities across large, mid, and small-cap segments. It adapts to changing market conditions, ensuring a balanced and flexible investment approach.
Performance Snapshot
Looking at the calendar year returns, one can see that the index has demonstrated resilience by participating in large-cap rallies and mitigating volatility during mid and small-cap downturns.
The Index has grown steadily over the years and has outperformed large-cap funds. A comparison of the Nifty 500 TRI with the large-cap-focused Nifty 100 TRI over 10 years (2014 to 2024) shows that the broader Nifty 500 index delivered better performance.
SIP performance shows that the Nifty 500 TRI has consistently done better than the large-cap index over time. For example, over 5 years (as of November 11, 2024), the Nifty 500 TRI delivered 22% returns, compared to 19% by the Nifty 100 TRI.
Returns rebased to Rs. 1000 as of 1st October 2014
For Investments contact
Mr. R. Venkatesh, Founder,
GuruRam Financial Services Pvt. Ltd.
New No. 14, Old No. 37C, First Floor
Nathamuni Street, T Nagar, Chennai -600017
Tel. +91-9677267889, 9677025125
Email: gururamforyou@gmail.com
https://www.gururamfinancialservices.com/index.php
Smart Investment Solutions is one of the leading comprehensive financial investment solutions advisory with specialization and expertise in the financial sector. GuruRam Financial Services Pvt. Ltd is AMFI qualified and IRDAI approved distributors. This company SEBI registered Sub-Broker and BSE Star Mutual Fund registered BSE members as well. It have more than 18 year's experience in Financial Planning, Retirement Planning, Tax Planning, Mutual Funds, Life Insurance, General Insurance, Health Insurance, Accidental Insurance, Loans, and Demat Accounts etc.
GuruRam Financial Services Pvt. Ltd. have been serving and helping our Retail, HNI and NRI customers and investors in achieving their financial goals which leads to their financial freedom. We firmly believe that "Once Journey to financial freedom is through Financial Literacy only".
GuruRam Financial Services Pvt. Ltd is associated with SBI, UTI MF, HDFC MF, ICICI Pru. MF, Aditya Birla Sunlife MF, Kotak Mahindra MF, DSP Black Rock MF, Franklin Templeton MF, Axis MF, Nippan India MF, L&T MF, Motilal Oswal MF, Tata Mutual Fund Houses, SEBI Sub-Broker with Nirmal Bang Securities, Star Health Insurance, Religare Health Insurance, National & Reliance General Insurance.
What the company does:
1. Analyzing Customer's Financial Health & Risk.
2. Helping the Customers to identify their real financial needs, goals and targets and risks.
3. Making them understand all financial products so that they could choose the right financial product, plan/scheme which exactly matches with their financial goals and targets and achieve them well in time with keeping in mind Return, Inflation and Taxation.
4. Helping them to manage financial risks occurred due to unforeseen and unfortunate events like death and illness.
Disclaimer
Mutual Fund investments are subject to market risks, read all scheme related documents carefully. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes.
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