- Home
News ICICI Prudential Mutual Fund launches ICICI Prudential Nifty LargeMidcap 250 Index Fund
Feb 22, 2024
Mutual Fund
ICICI Prudential Mutual Fund launches ICICI Prudential Nifty LargeMidcap 250 Index Fund
NFO period: 22nd February ? 07th March, 2024
Highlights of the NFO:
- Scheme type ? An open ended Index scheme replicating Nifty LargeMidcap 250 Index
- Investment objective ? The objective of the scheme is to invest in companies whose securities are included in Nifty LargeMidcap 250 Index in the same weightage that they represent in the Nifty LargeMidcap 250 Index in order to achieve the returns of the above index, subject to tracking errors. However, there is no assurance or guarantee that the investment objective of the scheme shall be achieved.
- Product suitability ? The product is suitable for investors who are seeking long term wealth creation solution. An index fund that seeks to track returns by investing in a basket of Nifty LargeMidcap 250 Index stocks, subject to tracking error.
- Minimum Application Amount ? First investment is Rs. 100/- and in multiples of Rs. 1/- thereafter
- Plan/ Options available ? Regular Plan and Direct Plan having Growth Option and Income Distribution cum capital withdrawal option (IDCW) with Payout of Income Distribution cum capital withdrawal (IDCW Payout) sub-option and Reinvestment of Income Distribution cum capital withdrawal (IDCW Reinvestment) sub-option.
- Fund Managers ? Mr. Nishit Patel, Ms. Priya Sridhar and Mr. Kewal Shah
- Benchmark ? Nifty LargeMidcap 250 TRI
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
Recent News
Motilal Oswal Mutual Fund launches Motilal Oswal Nifty Capital Market ...
The investment objective of the scheme is to provide returns that, before expens...
Read more
Groww Mutual Fund launches Groww Multicap Fund...
To achieve long-term capital appreciation by predominantly investing in equity a...
Read more
Tata Mutual Fund launches Tata BSE Select Business Groups Index Fund...
The investment objective of the scheme is to provide returns, before expenses, t...
Read more