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News ICICI Prudential Mutual Fund launches ICICI Prudential Nifty Top 15 Equal Weight Index Fund
Jun 10, 2025
Mutual Fund
ICICI Prudential Mutual Fund launches ICICI Prudential Nifty Top 15 Equal Weight Index Fund
NFO period: 10th June - 24th June, 2025
Highlights of the NFO:
- Scheme type - An open ended Index scheme replicating Nifty Top 15 Equal Weight Index.
- Investment objective - The objective of the Scheme is to invest in companies whose securities are included in Nifty Top 15 Equal Weight Index, subject to tracking errors, to endeavor to achieve the returns of the above index. This would be done by investing in all the stocks comprising the Nifty Top 15 Equal Weight Index in the same weightage that they represent in Nifty Top 15 Equal Weight Index. However, there is no assurance or guarantee that the investment objective of the scheme shall be achieved.
- Product suitability - This product is suitable for investors who are seeking to generate long term wealth creation solution. An index fund that seeks to track returns by investing in a basket of Nifty Top 15 Equal Weight Index stocks and aims to achieve returns of the stated index, subject to tracking error.
- Minimum Application Amount - Rs. 1000/- and in multiples of Re. 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 Top 15 Equal Weight TRI
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
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