ICICI Prudential Mutual Fund launches ICICI Prudential Liquid ETF

Mutual Fund
Sep 10, 2018 by Advisorkhoj Team | Mutual Fund | 6 Downloaded

NFO period: 10th September – 24th September, 2018

Highlights of the NFO:

  • Scheme type – An open-ended Exchange Traded Fund tracking S&P BSE Liquid Rate Index

  • Investment objective – The investment objective of the scheme is to invest in CBLOs. The scheme aims to provide returns before expenses that closely correspond to the returns of S&P BSE Liquid Rate 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 short term savings solution a liquid exchange traded fund that aims to provide reasonable returns commensurate with low risk and providing a high level of liquidity.

  • 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 Manager – Mr. Rohan Maru

  • Benchmark – S&P BSE Liquid Rate Index

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

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