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ICICI Prudential Nifty50 Value 20 Index Fund NFO: Key details you need to know

17 Jan 2024 , 02:42 PM

ICICI Mutual Fund is launching NFO under its “index fund category”, named as ICICI Prudential Nifty50 Value 20 Index Fund. The investment objective of the scheme is invest to invest in companies whose securities are included in Nifty50 Value 20 Index in the same weightage that they represent in Nifty50 Value 20 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.

Asset allocation: The Scheme invests in the securities included in the Underlying Index regardless of their investment merit.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 7 years to diversify their portfolio in Nifty 50 companies stocks should invest in ICICI Prudential Nifty50 Value 20 Index Fund. 

Risk associated: Very high level of risk.

Benchmark: Nifty50 Value 20 Index.

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

The NFO is available for subscription from January 15 to January 29. 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 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 Nifty50 Value 20 Index Fund.

Related Tags

  • ICICI Prudential MF
  • ICICI Prudential NFO
  • ICICI Prudential Nifty50 Value 20 Index Fund
  • ICICI Prudential Nifty50 Value 20 Index Fund NFO
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