ICICI Prudential Nifty LargeMidcap 250 Index Fund NFO: Key details you need to know

23 Feb 2024 , 12:04 PM

ICICI Prudential Mutual Fund is launching NFO under its “Index category”, named as ICICI Prudential Nifty LargeMidcap 250 Index Fund. The investment objective of the scheme is to invest in companies whose securities are included in Nifty LargeMidcap 250 Index in the same weightage that they represent in the Nifty LargeMidcap 250 Index in order to achieve the returns of the above index, subject to tracking errors.

Investment strategy: The performance of the Scheme may not commensurate with the performance of the respective benchmark of the Schemes on any given day or over any given period. Such variations are commonly referred to as the tracking error. The Scheme intends to maintain a low tracking error by actively managing the portfolio in line with the index.

Asset allocation: The scheme aims to track returns by investing in a basket of Nifty LargeMidcap 250 Index stocks, subject to tracking error.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 7 years to diversify their portfolio in business cycle-based theme should invest in ICICI Prudential Nifty LargeMidcap 250 Index Fund. 

Risk associated: Very high level of risk.

Benchmark: Nifty LargeMidcap 250 Index.

Fund Managers: Mr. Nishit Patel, Ms. Priya Sridhar and Mr. Kewal Shah

The NFO is available for subscription from February 22 to March 07. 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 ₹100/- 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 LargeMidcap 250 Index Fund.