ICICI Prudential Mutual Fund launches ICICI Prudential Nifty G: Sec Dec 2030 Index Fund

NFO period: 04^th October – 10^th October, 2022

Highlights of the NFO:

• Scheme type – An open-ended target maturity Index Fund predominantly investing in the constituents of Nifty G-Sec Dec 2030 Index. A relatively high interest rate risk and relatively low credit risk


• Investment objective – The investment objective of the scheme is to track the Nifty G-sec Dec 2030 Index by investing in Government Securities, maturing on or before Dec 2030, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved and the scheme does not assure or guarantee any returns.


• Product suitability – This product is suitable for investors who are seeking income over a long period. An open-ended Target Maturity Index Fund tracking Nifty G-Sec Dec 2030 Index, subject to tracking error.


• Minimum Application Amount – First investment is Rs. 1,000/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Option. IDCW Option shall have Reinvestment, Payout Facility.


• Fund Managers – Mr. Anuj Tagra and Mr. Darshil Dedhia


• Benchmark – Nifty G-sec Dec 2030 Index