| Launch date | 28 Mar 2025 |
| Allotment date | 17 Apr 2025 |
| End date | 11 Apr 2025 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: 0.30%
Inclusive of GST
Exit load
Nil
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Minimum investment amounts
| Min. for 1st investment | ₹1,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹1,000 |
Fund management
Nishit PatelMar 2025 - PresentView details
Ashwini Jemin BharuchaMar 2025 - PresentView details
Venus AhujaNov 2025 - PresentView details
Fund house & investment objective
| Rank (total assets) | #3 in India |
|---|---|
| Total AUM | ₹10,89,372.83Cr |
| Date of Incorporation | 12 Oct 1993 |
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ICICI Prudential Nifty EV & New Age Automotive ETF FoF Direct Growth is a Equity Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was made available to investors on 12 Oct 1993. Nishit Patel is the Current Fund Manager of ICICI Prudential Nifty EV & New Age Automotive ETF FoF Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹10,89,373 Cr and the Latest NAV as of 01 Jan 2026 is ₹11.97. The ICICI Prudential Nifty EV & New Age Automotive ETF FoF Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹1,000. Minimum Lumpsum Investment is ₹1,000. ;
Investment Objective
The scheme seeks to generate returns by investing in units of ICICI Prudential Nifty EV & New Age Automotive ETF. ;
| Fund benchmark | Nifty EV and New Age Automotive Total Return Index |
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