Upcoming NFO alert: ICICI Prudential Mutual Fund launches 2 new fund offerings; check registration dates, minimum investment amount and other details
ICICI Prudential Mutual Fund launches new fund offerings (NFOs) – ICICI Prudential Nifty200 Value 30 ETF, an open-ended Index Exchange-Traded Fund that tracks the Nifty200 Value 30 Index, and ICICI Prudential Nifty200 Value 30 Value 30 a Index, -based strategy to provide investors with a cost-effective, value-driven investment approach.
The Nifty200 Value 30 Index comprises 30 stocks selected from the Nifty 200 Index based on their ‘value effect.’ This feature is generated using key valuation parameters to assist value conscious investors in identifying potential. The index provides exposure to firms with strong long-term growth potential.
Important features of NFO
Registration dates: Both NFOs will open on September 30, 2024, and will close on October 14, 2024.
Minimum investment: Rs 100 (and multiples of Rs1).
Value-based investing: Potential targets include stocks that are not important to long-term growth.
Diversity: It provides exposure to 30 companies in various sectors.
Transparency and low cost: It provides lower cost estimates and lower potential returns for the portfolio.
Industry diversity: The index has exposure to sectors such as financials, energy, materials, and telecom, which can change based on price points.
Industry exposure
The Nifty200 Value 30 index covers financial services, oil, gas and utilities, metals and mining, electric power, construction materials, chemicals and telecommunications and is poised to capture value opportunities there. And this exposure changes according to the number of points of the companies.
Looking at other NFOs still open for registration
Baroda BNP Paribas Mutual Fund launched a new mutual fund (NFO) Baroda BNP Paribas Nifty200 Momentum 30 Index Fund on September 24. The NFo will close on October 9, 2024. Read more
Before that, LIC Mutual Fund on September 20 launched a new Manufacturing Fund, an open-ended equity scheme that tracks total manufacturing. This is open again until October 4, 2024. Read more
HDFC Asset Management Co Ltd, the investment manager of HDFC Mutual Fund (HDFC MF), launched the NFO on September 19. The NFO is open till October 4, 2024. Read more
