ICICI Prudential Nifty 500 Index Fund is a flexi cap equity fund from ICICI Prudential Mutual Fund. This page covers the direct plan, growth option, the version with no distributor commission inside its expense ratio. It is an index fund: it tracks the Nifty 500 rather than picking stocks, so its return should match the index less its expense ratio and tracking error.
It manages ₹102 crore of investors' money and charges an expense ratio of 0.46 percent a year, deducted before the NAV is struck. Its direct plan lost 5.92 percent over the past year; past returns say nothing certain about future ones. The scheme is managed by Nishit Patel. The riskometer places it at very high risk, where most equity funds sit.
Mutual fund gains are capital gains, taxed when you redeem, and the rate depends on what the scheme holds and how long you held the units. The rules below are those in force after the Finance Act of 2024 for redemptions from 23 July 2024, with the changes of April 2025 for gold, silver and international funds. Rupix is not a tax adviser; confirm the treatment for your own case.
Equity-oriented schemes, those keeping at least sixty-five percent in Indian shares, which includes most aggressive hybrid, arbitrage and equity savings funds, are taxed at the equity rates. Units sold within twelve months of purchase are short-term, taxed at twenty percent. Units held longer are long-term, taxed at twelve and a half percent on gains above one lakh twenty-five thousand rupees in a financial year, with no indexation. Securities transaction tax is deducted on redemption.
Reading the numbers, how to invest in a direct plan, and the terms used on this page
It is a flexi cap fund. A fund in this category can move freely between large, mid-sized and small companies as the manager sees fit, with at least 65 percent in equity at all times.
The direct plan charges 0.46 percent a year. The charge is taken out of the scheme's assets every day before the NAV is calculated, so every return figure shown is already net of it.
The scheme manages ₹102 crore across all its plans. Size is updated monthly by the fund house.
You can start with a SIP of ₹100 a month or a one-time investment of ₹100. The fund house may accept smaller top-ups once you hold units. Rupix does not take investments; buy direct from the fund house or through a platform that offers direct plans.
No. There is no charge for redeeming units, whenever you redeem them.
The scheme is managed by Nishit Patel, as disclosed by the fund house. Managers change from time to time; the fund house's factsheet carries the current name.
The fund house's riskometer rates it very high. The riskometer is a SEBI-mandated label based on what the scheme holds; it describes how much the value can swing, not whether the fund will make money.
From the NAV every fund house reports to the Association of Mutual Funds in India after the market closes. The NAV history chart goes back to the scheme's launch. The headline figure is the most recent close Rupix has recorded.