MUTUAL FUNDS
ICICI Prudential Mutual Fund files offer document for BSE Insurance ETF
Jun-24-2026
ICICI Prudential Mutual Fund has filed offer document with SEBI to launch an open ended ETF named ‘ICICI Prudential BSE Insurance ETF'. The New Fund Offer price for units would be 1/100th  of  the  value  of  the BSE  Insurance Closing Index as on the date of allotment for applications received during the NFO. Entry load and Exit load will be nil. The Scheme does not offer any plan or options for investment, and seeks to collect a Minimum Target Amount of Rs 5 crore.

The performance will be benchmarked against BSE Insurance TRI. The minimum application amount during NFO will be Rs 1000 and in multiples of Re1 thereafter.

The investment objective of the scheme is to provide returns before expenses that closely correspond to the total return of the underlying index.

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