ICICI Prudential Mutual Fund launches ICICI Prudential Nifty LargeMidcap 250 Index Fund

Feb 22, 2024 by Advisorkhoj Team | NFO | 13 Downloaded

NFO period: 22nd February – 07th March, 2024

Highlights of the NFO:

  • Scheme type – An open ended Index scheme replicating Nifty LargeMidcap 250 Index

  • Investment objective – The 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. However, there is no assurance or guarantee that the investment objective of the scheme shall be achieved.

  • Product suitability – The product is suitable for investors who are seeking long term wealth creation solution. An index fund that seeks to track returns by investing in a basket of Nifty LargeMidcap 250 Index stocks, subject to tracking error.

  • Minimum Application Amount – First investment is Rs. 100/- and in multiples of Rs. 1/- thereafter

  • Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Income Distribution cum capital withdrawal option (IDCW) with Payout of Income Distribution cum capital withdrawal (IDCW Payout) sub-option and Reinvestment of Income Distribution cum capital withdrawal (IDCW Reinvestment) sub-option.

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

  • Benchmark – Nifty LargeMidcap 250 TRI

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

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