NIFTY iWIN ETF - Exchange Traded Funds - ICICI Prudential


There are two approaches to reaching your goal: exploring and testing new ground or sticking to the established, long trodden path. The former employs actively investigating and assessing your every move while the later stays within the boundaries of the established.

In the same way, there are two approaches to managing an investors portfolio. One is active management, which involves choosing sectors and stocks that represent the views of the fund managers, as best suited to meet the portfolio objectives. The other is passive management, which simply means, buying into a market index.

ICICI Prudential Nifty iWIN ETF, an open-ended Index Exchange Traded Fund offers a passive choice to investors, who prefer that their portfolio closely maps the market index, the Nifty 50 Index. It is an ETF (Exchange traded fund), which means investors can buy and sell at any time during the market hours, through their brokers, just like any other equity share thereby offering a greater degree of flexibility for monitoring price and reducing the time gap between investment decision and trade execution.

What is RGESS?

  • Rajiv Gandhi Equity Savings Scheme (RGESS), is a tax saving scheme announced in the Union Budget 2012-13
  • Eligible retail individual investor gets deduction u/s 80CCG of the Income Tax Act, 1961
  • Amount of deduction: 50% of the amount invested, maximum of Rs.50,000
  • Eligibility: First time retail individual investors in securities market whose gross total income for the year is less than or equal to Rs.10 lakh (Rs. 12 lakh as stated in Finance Bill 2013)

Note: Please refer to the RGESS, 2012 notified by the Central Government on November 23, 2012 and SEBI Circular no. CIR/ MRD/DP/32/2012 dated December 06, 2012 for additional details or consult your financial advisor to learn more.

Investment Philosophy

This fund seeks to replicate the Nifty 50 Index, by buying the same 50 stocks in the same proportion as they are in the index, hence the fund managers do not take any sector or stock exposure that is different from what is seen on the chosen index. The fund is therefore not actively managed, but passively replicates the index as the objective is to closely track the index.

Investor Profile

    This fund is ideal for
  • Investors with a passive investment philosophy and do not expect out-performance of an index, but simple tracking of the same.
  • First time retail individual investors in securities market whose gross total income for the year is less than or equal to Rs.10 lakh (Rs. 12 lakh as stated in Finance Bill 2013) (refer :What is RGESS)

Key Benefits

  • It enables investors to seek an exposure to the index stocks, in the same proportion as they are found in the index.
  • Investors who would like to buy a fund in the stock market during trading hours, rather than at NAV at the end of the day.
  • Tax benefit u/s 80CCG of the Income Tax Act,1961.

This product is suitable for investors who are seeking* :

  • Long term wealth creation solution
  • An Exchange Traded Fund that seeks to provide returns that closely correspond to the returns provided by the Nifty Index, subject to tracking error.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Key Features


Open-ended Index Exchange Traded Fund


Nifty 50 Index



NSE Symbol & BSE Scrip ID


BSE Scrip Code



Aprox. 1/100th of underlying Index

Application size - Directly with AMC

50,000 units & in mutiple thereof

Application size through NSE & BSE

1 Unit & in multiple thereof

Entry Load


Exit Load


Authorized Participant

1. Edelweiss Securities Limited, Edelweiss House, Off C.S.T. Road, Kalina, Mumbai – 400098
2. NIRSHILP COMMODITIES & TRADING PVT LTD, Plot 60B, East West Road No 2, JVPD Scheme, Vile Parle (East), Mumbai - 400049
3. Parwati Capital Market Private Limited, 8 LYONS Range 1st floor Kolkata, West Bengal - 700001

Fund Manager

Mr. Kayzad Eghlim