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.
ICICI Prudential Midcap 150 Index Fund is an open-ended Index scheme replicating Nifty Midcap 150 Index.
Types of Instruments
Indicative allocation (% of total assets)
|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|
|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.|
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:
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:
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.