An open ended exchange traded fund tracking Nifty Alpha Low Volatility 30 Index which aims to capture performance of stocks selected based on the combination of Alpha and Low Volatility.
A combination of below two factors can provide smooth investment experience along with diversification benefits.
Alpha - Excess Returns over the normal returns + Low Volatility - Less price fluctuation than other stocks in universe = Aim for Growth + Stability
ICICI Prudential Alpha Low Vol 30 ETF FOF has robust investment process and portfolio construction. Below points construct our NFO.
Invests in a factor-based smart beta ETF that limits downside risk while generating alpha
It intends to counter the cyclicality of single factor index strategy
Provides exposure to a portfolio of stocks selected based on top combination of Alpha and Low Volatility
Opportunity to invest across large and top 50 mid capitalization stocks
Provides investors a choice to take exposure to multiple factors through a single index product
Allows people without a Demat account to invest in an ETF through lumpsum or SIP.
Offers the best of two worlds in a transparent, rule-based and cost effective manner
Can exhibit lower performance swings
|Plans/ Options||Plans: ICICI Prudential Alpha Low Vol 30 ETF FOF – Regular Plan - Growth & IDCW & ICICI Prudential Alpha Low Vol 30 ETF FOF – Direct Plan - Growth & IDCW|
|Exit Load||If units purchased or switched in from another scheme of the Fund are redeemed or switched out:
|Minimum Application Amount||DURING NEW FUND OFFER PERIOD / DURING ON GOING OFFER PERIOD:
|Minimum additional application amount||Rs.500/ - and in multiples of Re. 1/-|
|Benchmark||Nifty Alpha Low Volatility 30 TRI.|
|Fund Manager||Kayzad Eghlim & Nishit Patel|
|MICR Cheques, Electronic Payments and RTGS||MICR cheques, Electronic Payments and Real Time Gross Settlement(RTGS) request will be accepted till the end of business hours up to September 15,2021|
|Switch-in||Switch-in requests from equity and other schemes will be accepted up to September 15, 2021 till the cut-off time applicable for switches.|
Switch-in request from ICICI Prudential US Bluechip Equity Fund, ICICI Prudential Global Advantage Fund (FOF) and ICICI Prudential Global Stable Equity Fund (FOF)will not be accepted.
For details of other schemes managed by the same fund managers, click here.