ICICI Prudential S&P BSE SmallCap Select ETF is an open-ended thematic fund launched by ICICI Prudential Mutual Fund with the aim of long term wealth creation by investing in stocks adopting innovation strategies or themes. The subscription period for the ICICI Prudential S&P BSE SmallCap Select ETF NFO (New Fund Offer) will begin on May 3rd, 2023 and will end on May 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
As one of India’s two major Asset Management Companies, ICICI Prudential Mutual Fund has been trusted by investors for many years. Their products and services inspire a lot of faith, earning them a “AAAmfs” rating. ICICI Bank and Prudential Plc, a prestigious insurance firm from the United Kingdom, established ICICI Prudential in 1993. With a reputation for hiring top-tier fund managers, ICICI Prudential has built up a portfolio worth approximately Rs. 4.6 Lakh Crore as of 31 March 2022. ICICI Prudential Mutual Fund, with headquarters in Mumbai, offers a variety of funds to suit investors of varying income levels.
ICICI Prudential S&P BSE SmallCap Select ETF – NFO Detail
| Type of Offer | NFO (New Fund Offer) |
| Fund House | ICICI Prudential Mutual Fund |
| Name of the Fund | ICICI Prudential S&P BSE SmallCap Select ETF |
| Type of Scheme | An open-ended Exchange Traded Fund tracking S&P BSE SmallCap Select Index. |
| Category of Scheme | Equity – Small Cap |
| NFO Starts | 03-May-2023 |
| NFO Ends | 04-May-2023 |
| NFO Unit Price | Rs 10 per unit |
| Minimum Investment | Rs. 1,000 and in multiples of Re.1 |
| Plans | Regular, Direct |
| Options | Growth |
| 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 S&P BSE SmallCap Select ETF NFO – Scheme Objective
The objective of the Scheme is to produce after-tax returns that, with reasonable tracking errors, are equivalent to the total return of the underlying index.
ICICI Prudential ETF NFO – Who Can Invest?
Investors that want to achieve these goals should consider this product:
- Long-term growth of one’s investment capital.
- To the extent possible after deducting for tracking error, this ETF attempts to replicate the performance of the S&P BSE SmallCap Select Index.
How Will the Scheme Allocate Its Asset
- 95-100% in Equity and Equity related securities of companies constituting the underlying index (S&P BSE SmallCap Select 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, including warrants carrying the right to obtain equity shares.
- Derivative instruments like, Stock / Index Futures, Stock / Index Options and such other derivative instruments permitted by SEBI.
- Money market instruments, including TREPs Or similar instruments as may be permitted by SEBI/RBI from time to time, subject to requisite approvals from SEBI/RBI, as applicable.
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 NFO – SID (Scheme Information Document)
Please click here to read the SID (Scheme Information Document) of this upcoming NFO scheme.
How to Invest?
Visit 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.
