ICICI Prudential Mutual Fund launches ICICI Prudential Nifty 500 Index Fund

NFO period: 10^th December – 17^th December, 2024

Highlights of the NFO:

• Scheme type – An open ended Index scheme replicating Nifty 500 Index


• Investment objective – The objective of the scheme is to invest in companies whose securities are included in Nifty 500 Index and 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 500 Index in the same weightage that they represent in Nifty 500 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 500 Index stocks and aims to achieve returns of the stated index, subject to tracking error.


• Minimum Application Amount – First investment is Rs. 100/- and in multiples of Rs. 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 sub-option, Reinvestment of Income Distribution cum Capital Withdrawal sub-option.


• Fund Managers – Mr. Nishit Patel, Ms. Priya Sridhar and Ms. Ashwini Shinde


• Benchmark – Nifty 500 TRI