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ICICI Prudential Mutual Fund (MF) has launched ICICI Prudential Nifty 200 Momentum 30 Index Fund, an open-ended Index Scheme replicating Nifty200 Momentum 30 Index. The NFO opens for subscription on July 22, 2022 and closes on August 02, 2022. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 5,000 plus in multiple of Re 1.

The performance of the scheme would be benchmarked against Nifty200 Momentum 30 TRI and its fund managers are Kayzad Eghlim and Nishit Patel.

The investment objective of the Scheme is to invest in companies whose securities are included in Nifty200 Momentum 30 Index and subject to tracking errors, to endeavor to achieve the returns of the above index as closely as possible. This would be done by investing in all the stocks comprising the Nifty200 Momentum 30 Index in the same weightage that they represent in Nifty200 Momentum 30 Index.