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News ICICI Prudential Mutual Fund launches ICICI Prudential Nifty EV and New Age Automotive ETF FOF
Mar 21, 2025
Mutual Fund
ICICI Prudential Mutual Fund launches ICICI Prudential Nifty EV and New Age Automotive ETF FOF
NFO period: 21th March - 02nd April, 2025
Highlights of the NFO:
- Scheme type - An open-ended Exchange Traded Fund tracking Nifty EV & New Age Automotive Index.
- Investment objective - The investment objective of the Scheme is to provide returns before expenses that correspond to the total return of the underlying index subject to tracking errors.
- Product suitability - This product is suitable for investors who are seeking long term wealth creation. An Exchange Traded Fund that aims to provide re-turns that correspond to the returns provided by Nifty EV & New Age Auto-motive Index, subject to tracking error
- Minimum Application Amount - Rs. 1000 and in multiples of Rs. 1/- thereafter.
- Plan/ Options available - There is no plans and options under the Scheme.
- Fund Managers - Mr. Nishit Patel and Ms. Ashwini Shinde
- Benchmark - Nifty EV & New Age Auto-motive TRI.
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
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