OTHERS

ICICI Prudential Nifty 100 ETF

Investment Objective

  • The scheme is passively managed, its portfolio closely maps the Nifty 100 Index.
  • This scheme aims to replicate the Nifty 100 Index by buying the same stocks in the same proportion as they are in the index.

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This product is suitable for investors who are seeking* :

  • Investors looking to invest in large-cap stocks 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

An open ended exchange traded fund tracking Nifty 100 Index.

Plan

Options

Default Option

Application Amount

Units will be created in unit creation size (currently 50000 units). Investors can buy or sell units (minimum 1 unit) on a continuous basis on the National Stock Exchange.

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 August 2013 and overall 26 years of experience

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