ICICI Prudential Mutual Fund launches ICICI Prudential Bank ETF

Mutual Fund
Jul 3, 2019 by Advisorkhoj Team | Mutual Fund | 2 Downloaded

NFO period: 03rd July – 08th July, 2019

Highlights of the NFO:

  • Scheme type – An open-ended Exchange Traded Fund tracking Nifty Bank Index

  • Investment objective – The investment objective of the scheme is to provide returns before expenses that closely correspond to the total return of the underlying index subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

  • Product suitability – The product is suitable for investors who are seeking long term wealth creation. An exchange traded fund that aims to provide returns that closely correspond to the returns provided by Nifty Bank Index, subject to tracking error.

  • Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter

  • Plan/ Options available – Currently, there are no plans/ options under the scheme.

  • Fund Managers – Mr. Kayzad Eghlim

  • Benchmark – Nifty Bank Index

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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