ICICI Prudential Mutual Fund :ICICI Prudential Mutual Fund has launched its 2 new schemes. Both these New Fund Offers (NFO) are opening on 30 September 2024 and investments can be made in them till 14 October. These new schemes include ICICI Prudential Nifty 200 Value 30 Index Fund and ICICI Prudential Nifty 200 Value 30 ETF. Let us know what are the features of these two NFOs.
ICICI Prudential Nifty200 Value 30 Index Fund
Issue Open Date: September 30, 2024
Issue Close Date: October 14, 2024
Category : Equity Value Oriented
Minimum investment: Rs 100
Lock in period: none
Exit load: none
Benchmark: Nifty200 Value 30 TRI
Investing in 30 companies based on ‘value’ score
The Nifty200 Value 30 index consists of 30 companies from its parent Nifty 200 index, selected on the basis of their ‘Value’ score. The value score for each company is determined on the basis of Earnings to Price Ratio (E/P), Book Value to Price Ratio (B/P), Sales to Price Ratio (S/P) and Dividend Yield. The weighting of a stock is based on a combination of the stock’s value score and its free-float market capitalization.
This scheme is an open ended equity scheme, which will track the benchmark Nifty200 Value 30 TRI. A minimum investment of Rs 100 will have to be made in this scheme and after this any amount can be invested in multiples of Re 1. The scheme will allocate 95-100% of its assets to equity and equity-related securities, and 0-5% to money market options including units of TREP and debt schemes.
ICICI Prudential Nifty200 Value 30 ETF
Issue Open Date: September 30, 2024
Issue Close Date: October 14, 2024
Category : Equity Value Oriented
Minimum investment: Rs 100
Lock in period: none
Exit load: none
Benchmark: Nifty200 Value 30 TRI
ICICI Prudential Nifty 200 Value 30 ETF is an open-ended index exchange-traded fund, which will track the Nifty 200 Value 30 index. The investment objective is to provide returns before expenses that are close to the total returns of the underlying index, subject to tracking errors.
A minimum investment of Rs 100 will have to be made in this scheme and after this any amount can be invested in multiples of Re 1. The scheme will allocate 95-100% of its assets to equity and equity-related securities, and 0-5% to money market options including units of TREP and debt schemes.
