ICICI Prudential MF introduces Smallcap Index Fund
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ICICI Prudential Mutual Fund (MF) has launched the ICICI Prudential Smallcap Index Fund, an open-ended scheme replicating Nifty Smallcap 250 Index. The NFO opens for subscription on October 12, 2021 and closes on October 26, 2021. The Entry load and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 100 and in multiple of Re 1.
The performance of the Scheme is measured against Nifty Smallcap 250 TRI and its fund managers are Kayzad Eghlim and Nishit Patel.
The investment of the scheme is to invest in companies whose securities are included in Nifty Smallcap 250 Index and subject to tracking errors, to endeavor to achieve the returns of the above index. This would be done by investing in stocks comprising the Nifty Smallcap 250 Index in the same weightage that they represent in Nifty Smallcap 250 Index.
