EXCHANGE TRADED FUND

ICICI Prudential Nifty iWIN ETF

Investment Objective

  • The scheme is passively managed and closely tracks the Nifty 50 Index.
  • This scheme aims to replicate the Nifty 50 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 bluechip stocks from major sectors of the economy.
  • Bluechip Benefits: The Nifty 50 Index comprises bluechip companies that are renowned market leaders in their respective sectors. These companies are also known to be relatively resilient across various cycles of the economy.

This product is suitable for investors who are seeking* :

  • Investors looking to invest in stocks of Nifty 50 Index in a cost-effective 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

Type

Open-ended Index Exchange Traded Fund

Plan

Options

 

Default Option

Application Amount

One unit (One unit = SENSEX/100)

Min. Additional Investment

Entry Load

Not Applicable

Exit Load

NIL

Minimum Redemption Amt.

Systematic Investment Plan

Systematic Transfer Plan

Systematic Withdrawal Plan



Fund Manager

Kayzad Eghlim - Managing this fund since March 2013 and overall 26 years of experience

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