ICICI Prudential MF introduces FMCG ETF

ICICI Prudential Mutual Fund (MF) has launched the ICICI Prudential FMCG ETF, an open-ended Index Exchange Traded fund tracking Nifty FMCG Index. The NFO opens for subscription on July 20, 2021, and closes on August 02, 2021. The Entry load and Exit Load is nil for the scheme. The minimum subscription amount is Rs 1,000 and in multiples of Re 1 thereafter.

The performance of the Scheme would be benchmarked against Nifty FMCG TRI and its fund managers are Kayzad Eghlim and Nishit Patel.

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.