Mutual Fund SIP Calculator, ICICI Prudential BSE Sensex ETF : ICICI Prudential’s 21-year-old exchange traded fund (ETF) has consistently given excellent returns since its launch. Be it lump sum investment or investment made through Systematic Investment Plan (SIP), the performance of this scheme has been excellent in both cases. The name of this scheme that tracks the BSE Sensex is ICICI Prudential BSE Sensex ETF. We will tell you the calculation of how the returns of this scheme have fulfilled the dream of old investors to become a millionaire, but first let us know the special features of this scheme.
Strength of investing in top 30 companies
ICICI Prudential BSE Sensex ETF was launched on 10 January 2003. As per the rules, at least 95% of any Index Fund/ETF must be in its benchmark index. Therefore, the portfolio of ICICI Prudential BSE Sensex ETF also follows its benchmark index (BSE Sensex Total Return Index). Usually at least 99% of it is invested in Sensex companies, while the rest of the amount remains in the form of cash. Due to tracking the Sensex, its investment is done only in the top 30 companies of the exchange. Due to which it can also be called a comparatively low-risk scheme.
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How this scheme of ICICI Pru made you a millionaire
ICICI Prudential BSE Sensex ETF has given an annual return of 16.96% on lump sum investment made at the time of launch, while the annualized return on investment made through SIP is 14.06%. Based on this return, you can see the calculation of how it has made its old investors crorepatis here:
Scheme Name: ICICI Prudential BSE Sensex ETF
Returns on Lumpsum Investment
Lumpsum investment 21 years ago: Rs 4 lakh
Average annual return since launch: 16.96%,
Current value of lump sum investment of Rs. 4 lakhs: ₹1,07,36,050/- (Rs. 1.07 crores)
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Returns on SIP Investments
Monthly SIP: Rs 7500
Annualized return on SIP since launch: 14.06%
Total investment through monthly SIP in 21 years: Rs 18.90 lakh
Current fund value of SIP investments: ₹1,02,09,181 (Rs 1.03 crore)
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Great returns given at very low cost
The asset under management (AUM) of this scheme managed by ICICI Prudential Mutual Fund was Rs 11,188.54 crore as per the updated data till August 13, 2024. A special feature of the scheme is that its expense ratio (Total Expense Ratio – TER) is just 0.03%, which is much lower than the category average of 0.48%. In this way, ICICI Prudential BSE Sensex ETF has done the work of providing huge profits to its investors at very low cost. However, being an equity based scheme, there is market risk associated with investment in it. Therefore, while deciding to invest in it, you should keep in mind your risk profile.
(Disclaimer: The purpose of this article is only to provide information, not to give investment advice. Market fluctuations have a direct impact on the returns of mutual funds. Therefore, please consult your investment advisor before investing.)
