ICICI Prudential MF introduces Nifty Low Vol 30 ETF FOF
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ICICI Prudential Mutual Fund (MF) has launched the ICICI Prudential Nifty Low Vol 30 ETF FOF, an open-ended fund of funds scheme investing in ICICI Prudential Nifty Low Vol 30 ETF. The NFO opens for subscription on March 23, 2021, and closes on April 06, 2021. The Entry load is not applicable for the scheme. If units purchased or switched in from another scheme of the Fund are redeemed or switched out upto 10% of the units (the limit) purchased or switched within 1 year from the date of allotment the exit load will be nil, If units purchased or switched in from another scheme of the Fund are redeemed or switched out in excess of the limit within 1 Year from the date of allotment-1% of the applicable NAV, If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 1 Year from the date of allotment the exit load will be nil. The minimum subscription amount is Rs 1000 (plus in multiple of Re1).
The performance of the scheme shall be benchmarked against Nifty 100 Low Volatility 30 TRI and its fund managers are Kayzad Eghlim and Nishit Patel.
The investment objective of the scheme is to generate returns by investing in units of ICICI Prudential Nifty Low Vol 30 ETF.
