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ICICI Prudential AMC has launched a new fund offer for ICICI Prudential Alpha Low Vol 30 ETF FOF. The fund is open for subscription between September 1 and September 15, 2021.

Read on to find out more about the NFO. 

Investment Objective

ICICI Prudential Alpha Low Vol 30 ETF FOF is an open-ended fund of funds scheme investing in ICICI Prudential Alpha Low Vol 30 ETF. 

Invest in direct mutual funds

  • Enjoy 0% commission
  • SIP starting at ₹500

Indicative Asset Allocation

Types of Instruments  Indicative allocation  (% of total assets)  Risk Profile
Minimum Maximum
Units of ICICI Prudential Alpha

Low Vol 30 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 

#Excluding subscription money in transit before deployment/payout

Fund Details

Scheme name ICICI Prudential Alpha Low Vol 30 ETF FOF   
Type of scheme An open-ended fund of funds scheme investing in ICICI Prudential Alpha Low Vol 30 ETF
NFO Dates Sept 1, 2021 – Sept 15, 2021
Fund Managers Mr Kayzad Eghlim, Mr Nishit Patel
Benchmark Nifty Alpha Low-Volatility 30 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 No minimum amount for redemption.

Minimum switch-in amount: Rs. 1000 and any amount after that

Load a) Entry Load: N.A

b) Exit Load: 

(i) If units purchased/switched are redeemed/switched out up to 10% of the units within 1 year – Nil

(ii) If units purchased/switched are redeemed/switched out in excess of the limit within 1 year – 1% of the applicable NAV

(iii) After one year from the date of allotment – NIL

Plans Direct and Regular
Options Growth 

Income Distribution Cum Capital Withdrawal Option (ICDW)

Minimum SIP Amount Rs. 100

Benchmark

Nifty Alpha Low-Volatility 30 TRI

The Nifty Alpha Low-Volatility 30 TRI index is designed to reflect the performance of a portfolio of stocks selected based on the top combination of Alpha and Low Volatility. 

It consists of 30 stocks selected from NIFTY 100 and NIFTY Midcap 50.

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 since June 2008. In the past, he has worked with IDFC Investment Advisors Ltd as ‘Dealer Equities’, with Prime Securities as ‘Manager’, with Canbank Mutual Fund as Fund ‘Manager’, amongst other experiences. 

Other funds managed/co-managed by him are:

  • ICICI Prudential Equity– Arbitrage Fund – Equity Portion 
  • ICICI Prudential Nifty ETF  
  • ICICI Prudential Nifty 100 ETF  
  • ICICI Prudential NV20 ETF  
  • ICICI Prudential Midcap Select ETF  
  • ICICI Prudential Equity Savings Fund  
  • ICICI Prudential IT ETF  
  • BHARAT 22 ETF  
  • ICICI Prudential Sensex Index Fund  
  • ICICI Prudential Nifty Low Vol 30 ETF  
  • ICICI Prudential Nifty Next 50 ETF  
  • ICICI Prudential Midcap Select ETF  
  • ICICI Prudential Midcap 150 ETF  
  • ICICI Prudential Alpha Low Vol 30 ETF  
  • ICICI Prudential Healthcare ETF  
  • ICICI Prudential FMCG ETF

Mr. Nishit Patel

Mr. Nishit Patel joined ICICI Prudential Asset Management Company Limited in November 2018. 

Other funds managed/co-managed by him are:

  • BHARAT 22 ETF  
  • ICICI Prudential Midcap Select ETF  
  • ICICI Prudential Nifty 100 ETF  
  • ICICI Prudential Nifty ETF  
  • ICICI Prudential Nifty Low Vol 30 ETF  
  • ICICI Prudential NV20 ETF  
  • ICICI Prudential Sensex ETF  
  • ICICI Prudential S&P BSE 500 ETF 
  • ICICI Prudential Nifty Next 50 ETF  
  • ICICI Prudential Bank ETF  
  • ICICI Prudential Private Banks ETF  
  • ICICI Prudential Midcap 150 ETF

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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. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.