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ICICI Prudential introduces two new investment options that track the Nifty 200 Value 30 Index; Details inside
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3 min read | Updated on October 01, 2024, 18:03 IST
SUMMARY
ICICI Prudential has launched two new options, Nifty200 Value 30 ETF and Nifty200 Value 30 Index Fund, both aiming to track the Nifty200 Value 30 Index. Investors can subscribe during the NFO period, closing on October 14, 2024.
ICICI Prudential introduces two new investment options that track the Nifty 200 Value 30 Index – Details inside
ICICI Prudential has launched two new investment options that track the Nifty 200 Value 30 Index: ICICI Prudential Nifty200 Value 30 ETF and ICICI Prudential Nifty200 Value 30 Index Fund. Both options aim to provide returns that closely match the total return of the underlying index, with a minimal margin for error (tracking error).
These are open-ended schemes categorised under "Other ETFs" and "Index Funds" respectively. They are currently in their New Fund Offer (NFO) period, open for subscription until October 14th, 2024. The minimum investment amount for both options is ₹100.
Objective of the Scheme: The objective of the ICICI Prudential Nifty200 Value 30 ETF and ICICI Prudential Nifty200 Value 30 Index Fund is to invest in companies whose securities are included in the Nifty200 Value 30 Index and subject to tracking errors, to endeavour to achieve the returns of the above index. This would be done by investing in all the stocks comprising the Nifty200 Value 30 Index in the same weightage that they represent in the Nifty200 Value 30 Index.
Risk-o-meter
Funds Allocation
| Types of Instruments | Minimum Allocation (% of Net Assets) | Maximum Allocation (% of Net Assets) | Risk Profile |
|---|---|---|---|
| Equity and Equity related securities of companies constituting the underlying index (Nifty200 Value 30 Index) | 95 | 100 | Very High |
| Money Market instruments including TREPs and Units of debt schemes | 0 | 5 | Low to Medium |
Who should invest in this fund?
This NFO of the ICICI Prudential Nifty200 Value 30 ETF and ICICI Prudential Nifty200 Value 30 Index Fund is suitable for investors seeking long-term capital growth. It is also suitable for investors who want to invest in an index fund that seeks to track returns by investing in a basket of Nifty200 Value 30 Index stocks and aims to achieve returns of the stated index, subject to tracking error.
Benchmark
The performance of the ICICI Prudential Nifty200 Value 30 ETF and ICICI Prudential Nifty200 Value 30 Index Fund will be benchmarked to the performance of the Nifty200 Value 30 TRI.
Similar Kind of Schemes
| Scheme Name | AUM (Crore) | Expense Ratio (%) | Returns (%) | Returns (%) | Since Launch Ret (%) |
|---|---|---|---|---|---|
| Nippon India Nifty 50 Value 20 Index | 844.83 | 0.76 | 40.74 | 18.2 | 22.98 |
| ICICI Pru Nifty50 Value 20 Index | 76 | 0.7 | - | - | 21.11 |
Who Manages the Scheme?
Nishit Patel (AUM - 116,738.87 crore, Schemes - 56)
Nishit Patel aged 29 years and qualified as CFA (Level 1), is a Chartered Accountant and B.Com working with ICICI Prudential Asset Management Company Limited since November 2018.
Priya Shridhar
Priya Sridhar has been appointed as the Manager – Dealing ETF in the Investments Department of ICICI Prudential Asset Management Company Limited w.e.f. January 25, 2022.
ICICI Prudential's new Nifty200 Value 30 investment options offer a potential for long-term growth by tracking a value-oriented index. Investors should consider these schemes for diversified exposure, understanding the risks involved.
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