ICICI Prudential Mutual Fund launches ICICI Prudential Nifty Private Bank Index Fund

NFO period: 01^st July - 14^th July, 2025

Highlights of the NFO:

• Scheme type - An open ended Index scheme replicating Nifty Private Bank Index.


• Investment objective - The objective of the Scheme is to invest in companies whose securities are included in Nifty Private Bank Index, subject to tracking errors, to endeavor to achieve the returns of the above index. This would be done by investing in all the stocks comprising the Nifty Private Bank Index in the same weightage that they represent in Nifty Private Bank Index. However, there is no assurance or guarantee that the investment objective of the scheme shall be achieved.


• Product suitability - This 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 Private Bank Index stocks and aims to achieve returns of the stated index, subject to tracking error.


• Minimum Application Amount - Rs. 1000 and in multiples of Re. 1 thereafter.


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


• Fund Managers - Mr. Nishit Patel & Ms. Ashwini Shinde


• Benchmark - Nifty Private Bank TRI