ICICI Prudential MF introduces Consumption ETF
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ICICI Prudential Mutual Fund (MF) has launched the ICICI Prudential Consumption ETF, an open-ended Index Exchange Traded Fund tracking Nifty India Consumption Index. The NFO opens for subscription on October 18, 2021 and closes on October 25, 2021. The Entry load and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 1,000 and in multiples of Re 1.
The performance of the scheme will be benchmarked against Nifty India Consumption TRI and its fund managers are Kayzad Eghlim and Nishit Patel.
The investment objective of the scheme is to provide returns before expenses that closely correspond to the total return of the underlying index subject to tracking errors.
