ICICI Prudential Midcap Select ETF
Discover the potential of emerging corporates.
Schemes - ICICI Prudential Midcap Select ETF
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Real Time NAV
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Closing NAV
Investment Philosophy
- The scheme is passively managed, its portfolio closely maps the S&P BSE Midcap Select Index.
- This scheme aims to replicate the S&P BSE MidCap Select Index by buying the same stocks in the same proportion as they are in the index.
Key Features
- The scheme tracks the S&P BSE MidCap Select index, which is a rules-based index designed to measure the performance of the 30 largest, most liquid companies within the S&P BSE MidCap Index.
- The Index uses a methodology to select those mid-sized companies that have the potential to grow over the long term.
Key Benefits
- Low Cost:You can buy even one unit of the scheme at the prevailing market price on the exchange.
- Low Fee: The scheme charges lower expense ratios as compared with actively managed schemes
- Diversification: Investing in the scheme can help you diversify your portfolio across stocks of select mid-sized companies with potential to perform well over the long term.
Who should invest?
- Investors looking to invest in mid-cap stocks in a cost- and tax-efficient manner*.
- Investors aiming for liquidity or the capability to convert their investment into cash easily.
- Investors seeking to create wealth over the long term.
*As per prevailing tax laws, no tax is charged on capital gains made on long-term investments held in equity mutual fund schemes. Units held for more than 12 months as capital assets in an equity mutual fund scheme qualify as long-term investment. On the other hand, units held for 12 months or less as capital assets qualify as short-term investment and are charged 15% tax. Surcharge and cess are also applicable as per the provisions of the prevailing tax laws. Investors are advised to consult their own legal, tax and financial advisors to determine possible tax, legal and other financial implication or consequence of subscribing to any investment.
| Scheme Features | |
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| Type | An open ended exchange traded fund tracking S&P BSE Midcap Select Index. |
| Underlying | S&P BSE Midcap Select Index |
| ISIN | INF109KB1XT3 |
| NSE Symbol & BSE Scrip ID | ICICIMCAP |
| BSE Scrip Code | 539980/MIDCAP |
| Pricing | Approx. 1/100th of underlying Index |
| Application size - Directly with AMC | 50,000 units & in multiple thereof |
| Application size through NSE & BSE | 1 unit & in multiple thereof |
| Entry Load | Not Applicable |
| Exit Load | NIL |
| 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 4. Kotak Securities Limited, 27 BKC, G Block, Bandra Kurla Complex, Bandra (E ), Mumbai - 400051 5. JIGAR COMMODITIES & DERIVATIVES PVT LTD, Office No 141, Centre Point, Somnath, Daman Diu, Pincode- 396210. |
Fund Manager
Kayzad Eghlim - Managing this fund since July 2016 and overall 26 years of experience
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This Product is suitable for investors who are seeking*: |
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| *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. |
Disclaimer by the National Stock Exchange of India Limited: It is to be distinctly understood that the permission given by National Stock Exchange of India Limited (NSE) should not in any way be deemed or construed that the Scheme Information Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Scheme Information Document. The investors are advised to refer to the Scheme Information Document for the full text of the ‘Disclaimer Clause of NSE’.
Disclaimer by the BSE Limited: It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the SID has been cleared or approved by BSE Limited nor does it certify the correctness or completeness of any of the contents of the SID. The investors are advised to refer to the SID for the full text of the Disclaimer Clause of the BSE Limited.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
