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.
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.
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
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 |
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.
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’, and with Canbank Mutual Fund as Fund ‘Manager’, amongst other experiences.
Other funds managed/co-managed by him are:
Mr. Nishit Patel joined ICICI Prudential Asset Management Company Limited in November 2018.
Other funds managed/co-managed by him are: