ICICI Prudential introduces Nifty Infrastructure ETF

ICICI Prudential Mutual Fund (MF) has launched the ICICI Prudential Nifty Infrastructure ETF, an open-ended Exchange Traded Fund tracking Nifty Infrastructure Index. The NFO opens for subscription on August 05, 2022 and closes on August 08, 2022. The Entry load and the Exit load is nil for the scheme. The minimum subscription amount is Rs 1,000 and in multiples of Re 1.

The performance of the scheme will be benchmarked against Nifty Infrastructure 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.