ICICI Prudential MF introduces Nifty Pharma Index Fund
ICICI Prudential Mutual Fund (MF) has launched ICICI Prudential Nifty Pharma Index Fund, an open-ended Index scheme replicating Nifty Pharma Index. The NFO opens for subscription on November 25, 2022 and closes on December 09, 2022. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 1000 (plus in multiple of Rs 1).
The performance of the scheme will be benchmarked to the performance of Nifty Pharma TRI and its fund managers Kayzad Eghlim and Nishit Patel.
The investment objective of the scheme is to invest in companies whose securities are included in Nifty Pharma Index and subject to tracking errors, to endeavor to achieve the returns of the above index. This would be done by investing in all the stocks comprising the Nifty Pharma Index in the same weightage that they represent in Nifty Pharma Index.
