ICICI Prudential MF introduces Nifty 500 Index Fund
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ICICI Prudential Mutual Fund has launched ICICI Prudential Nifty 500 Index Fund, an open-ended index scheme replicating Nifty 500 Index. The NFO opens for subscription on December 10, 2024 and closes on December 17, 2024. The Entry Load is not applicable and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 100/- (plus in multiple of Re. 1/-).
The performance of the scheme will be benchmarked at Nifty 500 TRI and its fund managers are Nishit Patel, Priya Sridhar and Ashwini Shinde.
The investment objective of the scheme is to invest in companies whose securities are included in Nifty 500 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 500 Index in the same weightage that they represent in Nifty 500 Index.
