ICICI Prudential Alpha Low Vol 30 ETF FOF

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About ICICI Prudential Alpha Low Vol 30 ETF FOF

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

Scheme Highlights

ICICI Prudential Alpha Low Vol 30 ETF FOF has robust investment process and portfolio construction. Below points construct our NFO.

1. The FOF

  • ICICI Prudential Alpha Low Vol 30 ETF FOF invests in An Open-ended Fund Of Funds Scheme That Invests In Units Of ICICI Prudential Alpha Low Vol 30 ETF

2. The Underlying ETF

  • ICICI Prudential Alpha Low Vol 30 ETF FOF invests as Factor-based Smart Beta ETF That Replicates The Nifty Alpha Low Volatility 30 Index

3. The Underlying Index

  • ICICI Prudential Alpha Low Vol 30 ETF FOF 30 COS. The Index Identifies 30 Stocks based on a combination of Alpha & Low Volatility from Nifty 100 & Nifty Midcap 50 Index

WhyInvest?

  • 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

KeyFeatures

NFO Period
  • September 1, 2021 to September 15, 2021
Plans/ OptionsPlans: 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 LoadIf units purchased or switched in from another scheme of the Fund are redeemed or switched out:
  • upto 10% of the units (the limit) purchased or switched within 1 year from the date of allotment – Nil
  • in excess of the limit within 1 Year from the date of allotment - 1% of the applicable NAV
  • after 1 Year from the date of allotment – Nil
Minimum Application AmountDURING NEW FUND OFFER PERIOD / DURING ON GOING OFFER PERIOD:
  • Rs. 1,000/-(plus in multiple of Re.1)
    Minimum application amount is applicable for switches made during the New Fund Offer period as well.
Minimum additional application amountRs.500/ - and in multiples of Re. 1/-
BenchmarkNifty Alpha Low Volatility 30 TRI.
Fund ManagerKayzad Eghlim & Nishit Patel
MICR Cheques, Electronic Payments and RTGSMICR 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-inSwitch-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.

You can now read more about our ICICI Prudential Alpha Low Vol 30 ETF FOF here – Presentation