MUTUAL FUNDS
ICICI Pru AMC announces change in benchmark for the Infrastructure Fund
Jul-01-2020

ICICI Prudential Asset Management Company (AMC) has announced change in benchmark of the Infrastructure Fund with effect from July 03, 2020. ICICI Prudential Infrastructure Fund is an open ended equity scheme following Infrastructure theme. The existing benchmark, Nifty Infrastructure Index, is more concentrated towards a select few stocks. The composition of S&P BSE India Infrastructure Index, the revised benchmark, is more in line with the investment strategy of the Scheme. Further, as per the index methodology, the individual stock weight is capped at 10%, thereby ensuring that the index is not concentrated towards few stocks. Thus, it is a more suitable benchmark for the Scheme. It may be noted that the performance of the Scheme shall be benchmarked to the Total Return Variant of the proposed index.

All the other provisions of the SID/KIM/addenda except as specifically modified herein above remain unchanged.


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