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ICICI Prudential Mutual Fund (MF) has launched ICICI Prudential Nifty 10 yr Benchmark G-sec ETF, an open-ended Exchange Traded Fund tracking NIFTY 10 yr Benchmark G-Sec Index. A relatively high interest rate risk and relatively low credit risk. The NFO opens for subscription on December 12, 2022 and closes on December 13, 2022. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 1,000 and in multiples of Rs 1.

The performance of the scheme will be benchmarked to the performance of NIFTY 10 yr Benchmark G-Sec Index and its fund managers are Anuj Tagra and Darshil Dedhia.

The investment objective of the Scheme is to provide returns before expenses that correspond to the returns of NIFTY 10 yr Benchmark G-Sec Index, subject to tracking errors.