ICICI Prudential Mutual Fund launches ICICI Prudential Nifty EV and New Age Automotive ETF FOF
by
NEWS TEAM | on Mar 21, 2025
NFO period: 21th March - 02nd April, 2025
Highlights of the NFO:
Scheme type - An open-ended Exchange Traded Fund tracking Nifty EV & New Age Automotive Index.
Investment objective - The investment objective of the Scheme is to provide returns before expenses that correspond to the total return of the underlying index subject to tracking errors.
Product suitability - This product is suitable for investors who are seeking long term wealth creation. An Exchange Traded Fund that aims to provide re-turns that correspond to the returns provided by Nifty EV & New Age Auto-motive Index, subject to tracking error
Minimum Application Amount - Rs. 1000 and in multiples of Rs. 1/- thereafter.
Plan/ Options available - There is no plans and options under the Scheme.
Fund Managers - Mr. Nishit Patel and Ms. Ashwini Shinde