ICICI Prudential Midcap Select ETF

Investment Objective

  • 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 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.

This product is suitable for investors who are seeking* :

  • 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.

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

Key Features


An open ended exchange traded fund tracking S&P BSE Midcap Select Index.



Default Option

Application Amount

Min. Additional Investment

Entry Load

Not Applicable

Exit Load


Minimum Redemption Amt.

Systematic Investment Plan

Systematic Transfer Plan

Systematic Withdrawal Plan

Fund Manager

Kayzad Eghlim - Managing this fund since July 2016 and overall 26 years of experience