ICICI Prudential Mutual Fund launches ICICI Prudential Nifty EV and New Age Automotive ETF FOF

NFO period: 28^th March - 10^th April, 2025

Highlights of the NFO:

• Scheme type - An open ended fund of funds scheme investing in units of ICICI Prudential Nifty EV & New Age Automotive ETF.


• Investment objective - ICICI Prudential Nifty EV & New Age Automotive ETF FOF is a Fund of Funds scheme with the primary objective to generate returns by investing in units of ICICI Prudential Nifty EV & New Age Automotive ETF. There can be no assurance or guarantee that the investment objectives of the Scheme would be achieved.


• Product suitability - This product is suitable for investors who are seeking long term wealth creation. An Open-ended Fund of Funds scheme with the primary objective to generate returns by investing in units of ICICI Prudential Nifty EV & New Age Automotive ETF


• Minimum Application Amount - Rs. 1000 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 option and Reinvestment of Income Distribution cum capital withdrawal option).


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


• Benchmark - Nifty EV & New Age Automotive TRI.