ICICI Prudential Nifty 200 Quality 30 ETF NFO: Everything you need to know

21 Jul 2023 , 12:47 PM

ICICI Prudential Mutual Fund is launching NFO under its “ETF category”, named as ICICI Prudential Nifty 200 Quality 30 ETF. This open-ended fund aims to generate long-term capital appreciation returns that correspond to the returns provided by NIFTY200 Quality 30 Index, subject to tracking error.

Investment strategy: The corpus of the Scheme will be invested in stocks constituting the underlying index in the same proportion as in the Index and endeavor to track the benchmark index. A very small portion (0-5% of the Net Assets) of the fund may be kept liquid to meet the liquidity and expense requirements.

Asset allocation: The Scheme will invest in equity and equity-related securities listed under NIFTY 200.

Who should invest?

Investors with Very high risk appetite and want to invest for 5-7 years in a mutual fund should invest in ICICI Prudential Nifty 200 Quality 30 ETF. 

Risk associated: Very high level of risk.

Benchmark: NIFTY200 Quality 30 Index

Fund Managers: Mr. Kayzad Eghlim and Mr. Nishit Patel .

The NFO is available for subscription from July 21 to July 26. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 1000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in ICICI Prudential Nifty 200 Quality 30 ETF.