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ICICI Prudential Mutual Fund is launching a new fund offer named ICICI Prudential Nifty Low Vol 30 ETF FOF, which will be open from 23rd March 2021 till 6th April 2021. 

Investment Objective

ICICI Prudential Nifty Low Vol 30 ETF FOF is a fund of fund that will invest in the units of ICICI Prudential Nifty Low Vol 30 ETF.  

What are Fund of Funds (FOF)?

A fund of fund (FOF) invests in the units of other mutual funds rather than investing directly in stocks, bonds, or other securities. 

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Asset Allocation

Here’s what the underlying asset allocation of ICICI Prudential Nifty Low Vol 30 ETF FOF will look like:

    Particulars Indicative Allocation

(% of Corpus)

Risk Profile

Risk Profile
Maximum Minimum
Units of ICICI Prudential Nifty  Low Vol 30 ETF 100% 95% Medium to  High
Reverse Repo, Tri-Party Repo*,  Units of Debt Mutual Funds and  ETFs 5% 0% Low to Medium

*or similar instruments as is permitted

Benchmark

The benchmark of the Scheme is Nifty 100 Low Volatility 30 TRI.  

This mutual fund scheme will invest in ICICI Prudential Nifty Low Vol 30 ETF, its base fund. The base fund tracks the Nifty 100 Low Volatility 30 Index. Thus, the fund of fund’s (FoF) performance will be benchmarked against Nifty 100 Low Volatility 30 TRI.  

NIFTY100 Low Volatility 30 index: The benchmark index tracks the performance of 30 stocks in NIFTY 100 with the lowest volatility in last year.

Fund Details

Name of the Scheme  ICICI Prudential Nifty Low Vol 30 ETF FOF
Type of the Scheme An open-ended fund of funds (FoF) scheme investing in ICICI Prudential  Nifty Low Vol 30 ETF
  NFO Dates   23rd March to 06th April 2021
  Fund Managers Mr. Kayzad Eghlim

Mr. Nishit Patel

Minimum Application  Amount, including  switches  Rs. 1,000 and in multiples of Re 1 after that
Minimum additional  application amount,  including switches  Rs. 500/- and in multiples of Re. 1/-
Minimum amount for  redemption Any amount
Loads  Entry Load: Not Applicable. 

Exit Load:  

NIL: If up to 10%fund’s performance of the units are redeemed or switched out within one year from the date of allotment of units on purchase

1%: If the units redeemed or switched out more than the 10% limit within one year

NIL: If units are redeemed or switched out after 1 year from the date of allotment

Plans Regular and Direct
Options  Options 

  • Growth Option
  • Dividend Option: Dividend pay-out and  Dividend Re-investment 
Default Options Default Option: Growth 
Default sub-option: Dividend Re-investment 

Fund Managers

Mr. Kayzad Eghlim

Mr Eghlim has been working with the AMC since June 2008 and has work experience of over 30 years. He has worked with Canbank Mutual Fund, Prime Securities and IDFC Investment Advisors Ltd. in different capacities.

Other Schemes managed by him are :

  • ICICI Prudential Equity – Arbitrage Fund 
  • ICICI Prudential Nifty 100 ETF ∙ ICICI Prudential Nifty ETF  
  • ICICI Prudential Nifty Index Fund ∙ ICICI Prudential NV20 ETF 
  • ICICI Prudential Sensex ETF ∙ ICICI Prudential Midcap Select ETF 
  • 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 Private Banks ETF ∙ ICICI Prudential Midcap 150 ETF
  • ICICI Prudential Alpha Low Vol 30 ETF 
  • ICICI Prudential IT ETF 
  • ICICI Prudential Nifty Next 50 Index Fund

Mr. Nishit Patel

Mr Patel has been working with ICICI Prudential Asset Management Company since November 2018. 

Other Schemes managed :

  • ICICI Prudential Midcap Select ETF 
  • ICICI Prudential Nifty 100 ETF ∙ ICICI Prudential Nifty Index Fund ∙ ICICI Prudential Nifty ETF 
  • ICICI Prudential Nifty Low Vol 30 ETF 
  • ICICI Prudential Sensex Index Fund 
  • ICICI Prudential NV20 ETF 
  • ICICI Prudential Regular Gold Savings Fund (FOF) 
  • ICICI Prudential Nifty Next 50 Index Fund 
  • 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 Gold ETF

Happy Investing!

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