ICICI Prudential MF introduces Nifty Auto ETF
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ICICI Prudential Mutual Fund (MF) has launched the ICICI Prudential Nifty Auto ETF, an open-ended Exchange Traded Fund tracking Nifty Auto Index. The NFO opens for subscription on January 05, 2022 and closes on January 10, 2022. 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 would be benchmarked against Nifty Auto 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.
