MUTUAL FUNDS
ICICI Prudential Mutual Fund files offer document for Private Banks ETF
Dec-12-2018

ICICI Prudential Mutual Fund has filed offer document with SEBI to launch an open-ended Exchange Traded Fund named ‘ICICI Prudential Private Banks ETF’. The New Fund Offer price is Rs 10 per unit. Entry load and Exit Load will be nil. The scheme offers no options under the scheme and seeks to collect a Minimum Target Amount of Rs 20 crore.

The performance of the schemes will be benchmarked by S&P BSE Private Banks Index. The minimum application amount for initial purchase is Rs 5000 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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