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ICICI Prudential Mutual Fund introduces NV20 ETF scheme

ICICI Prudential Mutual Fund has launched the ICICI Prudential NV20 ETF, an open ended other ETF scheme. The NFO opens for subscription on June 13, 2016 and closes on June 14, 2016. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000.

The scheme’s performance will be benchmarked against Nifty50 Value 20 Index and its fund manager is Kayzad Eghlim.

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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