ICICI Prudential AMC Launches ICICI Prudential S&P BSE 500 ETF FOF: NFO Closes on November 26
ICICI Prudential Asset Management Company Limited has launched a new fund offer for ICICI Prudential S&P BSE 500 ETF FOF. The fund is open for subscription between November 12, 2021, and November 26, 2021.
Read on to find out more about the NFO.
Investment Objective
ICICI Prudential S&P BSE 500 ETF FOF is an open-ended fund of fund scheme predominantly investing in units of the underlying scheme – ICICI Prudential S&P BSE 500 ETF.
Indicative Asset Allocation
| Types of Instruments | Indicative allocation (% of total assets) | Risk Profile | |
| Minimum | Maximum | ||
| Units of underlying scheme –
(ICICI Prudential S&P BSE 500 ETF) |
95% | 100% | Medium to High |
| Units of Liquid schemes/ Money
Market Instruments (with maturity not exceeding 91 days), including Tri-Party Repo#. |
0% | 5% | Low to Medium |
Fund Details
| Scheme name | ICICI Prudential S&P BSE 500 ETF FOF |
| Type of scheme | ICICI Prudential S&P BSE 500 ETF FOF is an open-ended fund of fund scheme predominantly investing in units of ICICI Prudential S&P BSE 500 ETF. |
| NFO Dates | November 12 – November 26, 2021. |
| Fund Managers | Mr. Kayzad Eghlim and Mr. Nishit Patel |
| Benchmark | S&P BSE 500 TRI |
| Minimum Amount for Application during NFO | Rs. 1,000/- (plus in multiple of Re. 1) |
| Minimum Additional Purchase Amount | Rs. 500/- and 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, Reinvestment of Income Distribution cum capital withdrawal (IDCW Re-investment) |
| Minimum SIP Amount | Rs. 100/- Minimum installments: 6 |
Benchmark
S&P BSE 500 TRI
The S&P BSE 500 has been designed to be a broad representation of the Indian market. Consisting of the top 500 constituents in the S&P BSE AllCap, the index covers all major industries in the Indian economy.
A Total Return Index reflects the returns on the index arising from:
(a) Listed stock price movements and
(b) Dividend receipts from those stocks.
Fund Managers
Mr. Kayzad Eghlim
Mr. Kayzad Eghlim has been associated with ICICI Prudential Asset Management Company Limited from June 2008 till date. He has around 30 years of total experience.
Past Experience:
- 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.
- Canbank Mutual Fund – Equity Dealer – June 2000 to June 2003.
- Canbank Mutual Fund – Assisting the Fund Manager – 1994 to1997.
- Canbank Mutual Fund – The Primary Market Department (IPO) – 1991 to 1994.
Other schemes managed
- ICICI Prudential Equity – Arbitrage Fund
- ICICI Prudential Nifty 100 ETF
- ICICI Prudential Nifty Next 50 Index Fund
- ICICI Prudential Nifty ETF
- ICICI Prudential NV20 ETF
- ICICI Prudential Sensex ETF
- ICICI Prudential Nifty Index Fund
- 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 Midcap Select ETF
- ICICI Prudential Midcap 150 ETF
Mr. Nishit Patel
Mr. Nishit joined ICICI Prudential Asset Management Company Limited in November 2018.
Past Experience:
- ICICI Prudential Asset Management Company Limited – ETF Business – November 2018 – January 2020.
Other schemes managed:
- ICICI Prudential Midcap Select ETF
- ICICI Prudential Nifty 100 ETF
- ICICI Prudential Nifty Next 50 Index Fund
- ICICI Prudential Nifty ETF
- ICICI Prudential NV20 ETF
- ICICI Prudential Sensex Index Fund
- ICICI Prudential Nifty Index Fund
- 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
- BHARAT 22 ETF
- ICICI Prudential Nifty Low
- Vol 30 ETF FOF
- ICICI Prudential Healthcare ETF
- ICICI Prudential FMCG ETF