ICICI Prudential AMC Launches ICICI Prudential Midcap 150 Index Fund NFO
14 December 2021
4 min read
ICICI Prudential Asset Management Company has launched a new fund offer for ICICI Prudential Midcap 150 Index Fund. The fund is open for subscription between December 3, 2021, and December 17, 2021.
Read on to find out more about the NFO.
Investment Objective
ICICI Prudential Midcap 150 Index Fund is an open-ended Index scheme replicating Nifty Midcap 150 Index.
Indicative Asset Allocation
Types of Instruments |
Indicative allocation (% of total assets) |
Risk Profile |
|
| Minimum | Maximum | ||
| Equity and Equity related securities of companies constituting the underlying index (Nifty Midcap 150 Index) | 95% | 100% | Medium to High |
| Money Market instruments, Reverse repo and / or TREPS and/or Debt Mutual Funds Schemes * | 0% | 5% | Low to Medium |
| Units of Debt ETFs | 0% | 5% | Low to Medium |
Fund Details
| Scheme name | ICICI Prudential Midcap 150 Index Fund |
| Type of scheme | An open ended Index scheme replicating Nifty Midcap 150 Index. |
| NFO Dates | December 3, 2021 – December 17, 2021. |
| Fund Managers | Mr. Kayzad Eghlim and Mr. Nishit Patel |
| Benchmark | Nifty Midcap 150 TRI |
| Minimum Amount for Application during NFO | Rs. 100/- (plus in multiples of Re.1/-) |
| Minimum Additional Purchase Amount | Rs. 100/- (plus in multiples of Re. 1) |
| Minimum Redemption/Switch-Out Amount | Any amount |
| Load | a) Entry Load: N.A
b) Exit Load: NIL |
| Plans | Direct and Regular |
| Options | Growth, Income Distribution cum capital withdrawal option (IDCW) |
| Minimum SIP Amount | Rs. 100/- and in multiple of Re. 1/-. Minimum installments – 6. |
Benchmark: Nifty Midcap 150 TRI
The Nifty Midcap 150 Index represents the next 150 companies (companies ranked 101-250) based on full market capitalisation from NIFTY 500. The Index intends to measure the performance of mid-market capitalization companies.
A Total Return Index (TRI) reflects the returns on the index arising from:
- Listed stock price movements and
- Dividend receipts from those stocks.
Fund Managers
Mr. Kayzad Eghlim
Mr. Kayzad Eghlim is associated with ICICI Prudential Asset Management Company since June 2008. Prior to this, he was with many AMCs, a few of which are:
- IDFC Investment Advisors Ltd – Dealer Equities – September 2006 to June 2008.
- Prime Securities – Manager – December 2003 to August 2006.
- Canbank Mutual Fund (IS Himalayan Fund) – Fund Manager – June 2003 to October 2003.
Other schemes managed by him are:
- ICICI Prudential Equity – Arbitrage Fund
- ICICI Prudential Nifty 100 ETF
- ICICI Prudential Nifty ETF
- ICICI Prudential Nifty Index Fund
- ICICI Prudential NV20 ETF
- ICICI Prudential Sensex ETF
- ICICI Prudential Midcap Select ETF
- ICICI Prudential Equity Savings Fund
- ICICI Prudential Nifty Low Vol 30 ETF
- ICICI Prudential Sensex Index Fund
- BHARAT 22 ETF
- ICICI Prudential S&P BSE 500 ETF
- ICICI Prudential Nifty Next 50 ETF
- ICICI Prudential Bharat 22 FOF
- ICICI Prudential Bank ETF
- ICICI Prudential Private Banks ETF
- ICICI Prudential Midcap 150 ETF
- ICICI Prudential Alpha Low Vol 30 ETF
- ICICI Prudential IT ETF
- ICICI Prudential Nifty Next 50 Index Fund
- ICICI Prudential Nifty Low Vol 30 ETF FOF
- ICICI Prudential Healthcare ETF
- ICICI Prudential FMCG ETF
- ICICI Prudential Consumption ETF
- ICICI Prudential Small Cap Index Fund
Mr. Nishit Patel
Mr. Nishit joined ICICI Prudential Asset Management Company Limited in November 2018. He was previously with ICICI Prudential AMC’s ETF Business from November 2018 to January 2020.
Other schemes managed by him
- ICICI Prudential Nifty Index Fund
- ICICI Prudential Nifty 100 ETF
- ICICI Prudential Nifty Next 50 Index Fund
- ICICI Prudential Midcap Select ETF
- ICICI Prudential Nifty Low Vol 30 ETF
- ICICI Prudential Sensex Index Fund
- ICICI Prudential NV20 ETF
- ICICI Prudential Regular Gold Savings Fund (FOF)
- ICICI Prudential Gold ETF
- ICICI Prudential Sensex ETF
- ICICI Prudential S&P BSE 500 ETF
- ICICI Prudential BHARAT 22 FOF
- ICICI Prudential Nifty Next 50 ETF
- ICICI Prudential Bank ETF
- ICICI Prudential Private Banks ETF
- ICICI Prudential Midcap 150 ETF
- ICICI Prudential Alpha Low Vol 30 ETF
- ICICI Prudential IT ETF
- ICICI Prudential Nifty ETF
- ICICI Prudential Nifty Low Vol 30 ETF FOF
- BHARAT 22 ETF
- ICICI Prudential Healthcare ETF
- ICICI Prudential FMCG ETF
- ICICI Prudential Consumption ETF
- ICICI Prudential Small Cap
- Index Fund
Disclaimer
The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing.
Investment in securities market are subject to market risks, read all the related documents carefully before investing.
Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other
instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no
assurance or guarantee that the investment objectives shall be achieved. Groww Invest Tech Pvt. Ltd. (Formerly known as Nextbillion Technology Pvt. Ltd)
Ltd. do not guarantee any assured returns on any investments. Past performance of securities/instruments is
not indicative of their future performance.
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