ICICI Prudential Mutual Fund launches ICICI Prudential Smallcap Index Fund

Oct 12, 2021 by News Team

NFO period: 12th October – 26th October, 2021

Highlights of the NFO:

  • Scheme type – An open ended scheme replicating Nifty Smallcap 250 Index

  • Investment objective – The objective 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. However, there is no assurance or guarantee that the investment objective of the scheme shall be achieved.

  • Product suitability – This product is suitable for investors who are seeking long term wealth creation. An index fund that seeks to track returns by investing in a basket of Nifty Smallcap 250 Index stocks and aims to achieve returns of the stated index, subject to tracking error.

  • Minimum Application Amount – First investment is Rs. 100/- and in multiples of Rs. 1/- thereafter

  • Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Income Distribution cum capital withdrawal option (IDCW) with Payout of Income Distribution cum capital withdrawal (IDCW Payout) sub-option and Reinvestment of Income Distribution cum capital withdrawal (IDCW Reinvestment) sub-options.

  • Fund Managers – Mr. Kayzad Eghlim and Mr. Nishit Patel

  • Benchmark – Nifty Smallcap 250 TRI

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)