MUTUAL FUNDS
ICICI Prudential Mutual Fund files offers document for Nifty 1D Rate Liquid ETF- Growth
Nov-13-2024
ICICI Prudential Mutual Fund has filed offer document with SEBI to launch an open-ended Exchange Traded Fund named ‘ICICI Prudential Nifty 1D Rate Liquid ETF- Growth'. The offer for Sale of Units of Face Value of Rs 1,000 during NFO. Entry load and Exit load will be nil. The Scheme offers only growth option for investment, and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme is benchmarked by Nifty 1D Rate Liquid Index. The minimum application amount is Rs 1000 and in multiples of Re1 thereafter.

The investment objective of the scheme is to provide returns before expenses that correspond to the returns of Nifty 1D Rate Liquid Index.

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