ICICI Prudential MF introduces Nifty Financial Services Ex-Bank ETF
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ICICI Prudential Mutual Fund (MF) has launched ICICI Prudential Nifty Financial Services Ex-Bank ETF, an open-ended Exchange Traded Fund tracking Nifty Financial Services Ex-Bank Index. The NFO opens for subscription on November 16, 2022 and closes on November 25, 2022. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 1,000 and in multiples of Re 1 during the NFO.
The performance of the scheme will be benchmarked to the performance of Nifty Financial Services Ex-Bank TRI and its fund managers Kayzad Eghlim and Nishit Patel.
The investment objective of the scheme is to provide returns before expenses that correspond to the total return of the underlying index subject to tracking errors.
