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ICICI Prudential Mutual Fund launches ICICI Prudential Midcap 150 Index Fund

Dec 3, 2021 by News Team

NFO period: 03rd December – 17th December, 2021

Highlights of the NFO:

  • Scheme type – An open ended Index scheme replicating Nifty Midcap 150 Index

  • Investment objective – The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty Midcap 150 Index before expenses, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

  • Product suitability – This product is suitable for investors who are seeking long term capital growth by investing in equity and equity related securities and portfolio replicating the composition of the Nifty Midcap 150 Index, subject to tracking errors.

  • Minimum Application Amount – First investment is Rs. 100/- and in multiples of Rs. 1/- thereafter

  • Plan/ Options available – Regular Plan and Direct Plan. Each plan under the scheme offers Growth and Income Distribution cum Capital Withdrawal (IDCW) (Payout and Re-investment Facility).

  • Fund Managers – Mr. Kayzad Eghlim and Mr. Nishit Patel

  • Benchmark – Nifty Midcap 150 TRI

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)