ICICI Prudential Mutual Fund launches ICICI Prudential Nifty LargeMidcap 250 Index Fund
ICICI Prudential AMC today announced the launch of Nifty LargeMidcap 250 Index Fund. NFO opens on February 22, 2024, and closes on March 7, 2024.
The Fund invests in the constituents of the Nifty LargeMidcap 250 Index. This index represents all companies from Nifty 100 and Nifty Midcap 150 universe. The index is re-balanced on a semi-annual basis and the aggregate weightage of large-cap stocks and mid-cap stocks is maintained at 50% each. Any reset if required is done quarterly.
In terms of performance, historically, Nifty LargeMidcap 250 TRI has offered better returns, at lower risk, compared to that of NIFTY 100 TRI and Nifty MidCap 150 TRI. Over the last decade, the index has generated a CAGR of 23.22%. When it comes to calendar year returns, the Nifty LargeMidcap 250 index has outperformed Nifty 100 index 7 times in last 10 years.
Why consider this fund?
* Marketcap Exposure
* Economic Growth
* Balanced Diversification
* Low Capital Requirement
* Size Migration
* Favorable Risk and Return Ratio
* Systematic Features
* Non-Demat Holders
Request you to please consider carrying the release. We will follow up with a call.
