ICICI Prudential Mutual Fund launches ICICI Prudential Nifty Next 50 ETF

NFO period: 13^th August – 16^th August, 2018

Highlights of the NFO:

• Scheme type – An open-ended Exchange Traded Fund replicating/ tracking NIFTY Next 50 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 Next 50 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 Manager – Mr. Kayzad Eghlim


• Benchmark – NIFTY Next 50 Index