MUTUAL FUNDS
ICICI Prudential Mutual Fund files offer document for Nifty Next 50 ETF
Jun-15-2018

ICICI Prudential Mutual Fund has filed offer document with SEBI to launch an open-ended Exchange Traded scheme named as ‘ICICI Prudential Nifty Next 50 ETF’. The New Fund Offer price is Rs 10 per unit. Entry load and exit load will be Nil for the scheme. The scheme seeks to collect a Minimum Target Amount of Rs 10 crore.

The scheme’s performance for the scheme will be benchmarked against NIFTY Next 50 Index. The minimum application amount for initial purchase is Rs 5,000 and in multiples of Re 1.

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

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