ICICI Prudential Nifty 200 Quality 30 ETF is an open-ended thematic fund launched by ICICI Prudential Mutual Fund which aims to generate long-term capital appreciation returns that correspond to the returns provided by NIFTY200 Quality 30 Index, subject to tracking error. The subscription period for the ICICI Prudential Nifty 200 Quality 30 ETF NFO began on July 21st, 2023 and will end on August 4th, 2023.
Within five Business Days following the date of allotment, the Schemes will reopen for continuous sale and repurchase. Subscriptions can be made starting at Rs. 1,000 and in multiples of Re.1. Both a Regular Plan and a Direct Plan are available.
About ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund, one of India’s top 2 largest Asset Management Companies, offers reliable and highly rated investment solutions. Established in 1993 with ICICI Bank and Prudential Plc as partners, it has been a major contributor to the CRISIL rating system for Mutual Funds in India. Their products and services inspire a lot of faith, earning them a “AAAmfs” rating.
As of March 2023, the Mutual Fund manages assets worth over Rs. 5.1 Lakh Crore and continues to grow rapidly. Headquartered in Mumbai, ICICI Prudential provides a diverse range of funds catering to various socioeconomic brackets.
ICICI Prudential Nifty 200 Quality 30 ETF – NFO Detail
| Type of Offer | NFO (New Fund Offer) |
| Fund House | ICICI Prudential Mutual Fund |
| Name of the Fund | ICICI Prudential Nifty 200 Quality 30 ETF |
| Type of Scheme | Open-ended |
| Category of Scheme | ETFs |
| NFO Starts | 21-July-2023 |
| NFO Ends | 04-August-2023 |
| NFO Unit Price | Rs 10 per unit |
| Minimum Investment | Rs. 1,000 and in multiples of Re.1 |
| Plans | Regular, Direct |
| Options | Growth, Income |
| Entry Load | Not Applicable |
| Exit Load | No Exit Load |
| Investment Manager | ICICI Prudential Asset Management Company Limited |
| Fund Manager | Mr. Kayzad Eghlim and Mr. Nishit Patel |
ICICI Prudential Nifty 200 Quality 30 ETF NFO – Scheme Objective
The objective of the Scheme is to provide returns before expenses that correspond to the total return of the underlying index subject to tracking errors.
ICICI Prudential Nifty 200 Quality 30 ETF NFO – Who Can Invest?
This product is suitable for investors who are
seeking*:
- Long term wealth creation
- An Exchange Traded Fund that aims to provide returns that correspond to the returns provided by NIFTY200 Quality 30 Index, subject to tracking error.
How Will the Scheme Allocate Its Asset
- 95-100% in Equity and Equity related securities of companies constituting the underlying index ((NIFTY200 Quality 30 Index).
- 0-5% in Money market instruments including TREPs*.
Where Will the Scheme Invest?
As per the information provided in the scheme information document, the corpus of this scheme
can be invested in any of the following securities:-
- Equity and equity related securities forming part of the underlying index.
- Derivative instruments like, Stock / Index Futures, Stock / Index Options and such other derivative instruments permitted by SEBI.
- Money market instruments which includes commercial papers, commercial bills, treasury bills, Government securities having an unexpired maturity up to one year, call or notice money, certificate of deposit, usance bills, and any other like instruments as specified by the Reserve Bank of India from time to time; to meet the liquidity requirements.
- TREPS#
The Scheme may invest in other schemes managed by the AMC or in the schemes of any other Mutual Funds, provided it is in conformity with the investment objective of the Scheme and in terms of the prevailing Regulations.
ICICI Prudential Nifty 200 Quality 30 ETF NFO – SID (Scheme Information Document)
Please click here to read the SID (Scheme Information Document) of this NFO scheme.
How to Invest?
Visit this page on the AMC website for further detail and investment.
Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing.
