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.
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.
|Types of Instruments||Indicative allocation (% of total assets)||Risk Profile|
|Units of underlying scheme –
(ICICI Prudential S&P BSE 500
|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|
|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|
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.
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.
Mr. Nishit Patel
Mr. Nishit joined ICICI Prudential Asset Management Company Limited in November 2018.
Other schemes managed: