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ICICI Prudential Mutual Fund has launched ICICI Prudential Nifty Oil & Gas ETF, an open-ended Exchange Traded Fund tracking Nifty Oil & Gas Index. The NFO opens for subscription on July 08, 2024 and closes on July 18, 2024. No Entry Load shall be charged for the scheme. The exit load is nil for the scheme. The minimum subscription amount is Rs 100 plus in multiples of Re 1 during the NFO.

The performance of the Scheme is measured against Nifty Oil & Gas TRI and its fund managers are Nishit Patel and Priya Sridhar.

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.