The ICICI Pru NIFTY Alpha 50 Index Fund is a newly launched investment option from ICICI Prudential, set to open for subscription with its NFO starting on 25th August 2025. This fund offers investors a cutting-edge way to gain exposure to India's top-performing equities, combining ICICI Prudential’s trusted legacy with a proven rule-based strategy focused on maximizing returns.
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Plans starting from₹1000/month
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Investment Plans
Generate wealthEarn 1 Cr# in maturity with Zero LTCG tax¶
Double tax savings^On premiums (under 80C) and on maturity (under 10(10D))
The ICICI Pru NIFTY Alpha 50 Index Fund is a passively managed investment plan designed to replicate the performance of the NIFTY Alpha 50 Index, providing investors with diversified exposure to stocks consistently outperforming the broader market. This fund eliminates active fund manager bias, ensures transparent and rule-based stock selection, and is rebalanced quarterly to promote winners and demote underperformers, striving for high returns and low volatility.
Highlights of ICICI Pru NIFTY Alpha 50 Index Fund
Particulars
Details
Benchmark Index
NIFTY Alpha 50 Index
Benchmark Index Returns
21% p.a. (10 years)
Risk Profile
High
NFO Launch Date
25th August 2025
NFO Duration
25th August – 5th September 2025
Current NAV
₹10
Minimum Investment
₹2000
What is NIFTY Alpha 50 Index?
The NIFTY Alpha 50 Index is a benchmark comprising the top 50 stocks—selected from a universe of 300—that have generated higher returns than the market over time. The index calculates “Alpha” as the excess return a stock offers relative to market benchmarks; it includes only those companies demonstrating positive alpha and superior risk-adjusted performance. It is rebalanced quarterly (every March, June, September, and December based on prior months’ data) and employs rule-based investing to ensure objectivity and consistency.
Reasons Why You Should Invest in ICICI Pru NIFTY Alpha 50 Index Fund
Below are the reasons why you should invest in ICICI Pru NIFTY Alpha 50 Index Fund:
Superior Returns: Historically, the NIFTY Alpha 50 Index has delivered exceptional returns, approximately 21% CAGR over 10 years and 32.8% CAGR over 5 years, surpassing most sectoral and broad-market indices.
Rule-based Flexi Cap Approach: The fund invests only in the top-performing stocks, dynamically managing allocations across large, mid, and small caps to capture upside while minimizing risk.
Quarterly Rebalancing: Regular index updates keep investor portfolios focused on the best opportunities, maintaining exposure to outperformers and quickly replacing laggards.
No Fund Manager Bias: Algorithm-driven selection and rebalancing remove subjective decision-making, promoting discipline and transparency.
Low Cost Structure: With zero premium allocation charge and competitive expense ratios, investors benefit from maximum capital deployment and efficient growth.
Backed by a Trusted Brand: ICICI Prudential brings robust expertise, a strong track record, and extensive reach, further enhancing investor confidence.
Sector Representation of NIFTY Alpha 50 Index
Sector
Percentage
Financial Services
29.76%
Capital Goods
16.10%
Consumer Durables
13.68%
Healthcare
13.39%
Chemicals
6.23%
Information Technology
4.67%
Services
4.15%
Telecommunication
4.10%
Consumer Services
3.66%
Power
3.58%
Automotive and Auto Components
0.39%
Oil, Gas & Consumable Fuels
0.29%
Companies of the NIFTY Alpha 50 Index
How to Buy ICICI Pru NIFTY Alpha 50 Index Fund From Policybazaar?
To buy the ICICI Pru NIFTY Alpha 50 Index Fund from Policybazaar, follow these steps:
Step 1: Fill in your name and contact number in the form on this page to get started.
Note: Your details are kept confidential and will only be used to customize your benefits.
Step 2: You can also visit the plans just by clicking View Plans below
Step 3: Once logged in, you'll be prompted to fill in your city, age, and annual income in the provided form. This information will be used to check the personalised benefits of the plans.
Step 4: After providing your personal information, you'll be presented with ICICI Pru Investment Plans on a blue and red card. Select the ICICI Pru NIFTY Alpha 50 Index Fund option that best suits your needs from the following options:
Step 5: In the ICICI Pru NIFTY Alpha 50 Index Fund, click the "Get Details" tab for more information.
You can also get a free expert consultation; just click on the “Talk to an Expert” button.
Step 6: Review plan details carefully. Once satisfied, click the "Proceed" button and follow the prompts on the screen to move forward with the purchase.
Step 7: You will be prompted to enter essential details and specify the amount you want to invest. Select the preferred mode of payment for your investment.
Step 8: Provide your required KYC (Know Your Customer) details. This step is important for regulatory compliance.
Step 9: Complete the payment process. Upon successful payment, you will receive confirmation of your purchase
What are the Benefits of Purchasing the ICICI Pru NIFTY Alpha 50 Index Fund From Policybazaar?
Investing via Policybazaar provides various advantages, including:
Ease of Access: Invest digitally in the ICICI Pru NIFTY Alpha 50 Index Fund without the hassle of visiting banks or agents.
Plan Comparison: Evaluate various investment options, including the latest funds, to make well-informed choices and secure competitive deals.
Professional Support: Benefit from expert advice to choose the NFO plan that aligns with your financial goals and requirements.
Tax Savings: Enjoy tax benefits under Section 80C and Section 10(10D) of the Income Tax Act by investing through Policybazaar.
FAQs
When does the ICICI Pru NIFTY Alpha 50 Index Fund NFO (New Fund Offer) open?
The NFO for this fund launches on 25th August 2025 and will be available for subscription until 5th September 2025.
Who should invest in ICICI Pru NIFTY Alpha 50 Index Fund?
This fund is ideal for investors seeking long-term growth from high-performing equities, wanting an index-based product that minimizes fund manager bias and provides diversification across sectors and market caps.
What are the main benefits of investing in ICICI Pru NIFTY Alpha 50 Index Fund?
Exposure to top-performing, rules-based stocks
Quarterly rebalancing for updated selection
Transparent and disciplined investment strategy
Competitive expense structure
Backed by the trusted ICICI Prudential brand
What is the historical performance of the index?
The NIFTY Alpha 50 Index has delivered approximately 21% CAGR over 10 years and 32.8% CAGR over 5 years, outperforming many sectoral indexes and broad-market benchmarks.
˜Top plans are based on annualized premium, for bookings made through https://www.policybazaar.com in FY 25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in *Past 10 Year annualised returns as on 01-08-2025 *All savings plans are provided by the insurer as per the IRDAI approved insurance plan.
Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs. **Returns are based on past 10 years' fund performance data (Fund Data Source: Value Research).
Generate wealthEarn 1 Cr# in maturity with Zero LTCG tax¶
Double tax savings^On premiums (under 80C) and on maturity (under 10(10D))
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