OTHERS

ICICI Prudential Nifty Index Fund

Investment Objective

An open-ended index linked growth scheme seeking to track the returns of the Nifty 50 through investments in a basket of stocks drawn from the constituents of the above index.

The objective of the Scheme is to invest in companies whose securities are included in Nifty and subject to tracking errors, to endeavor to achieve the returns of the above index as closely as possible. This would be done by investing in almost all the stocks comprising the Nifty 50 in approximately the same weightage that they represent in Nifty 50. The Plan will not seek to outperform the Nifty 50 or to under perform it. The objective is that the performance of the NAV of the Plan should closely track the performance of the Nifty 50 over the same period.

This product is suitable for investors who are seeking* :

  • Long term wealth creation solution
  • An index fund that seeks to track returns by investing in a basket of Nifty 50 Index stocks and aims to achieve returns of the stated index, subject to tracking error.

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


Key Features

Type

Plan

ICICI Prudential Nifty Index Fund & ICICI Prudential Nifty Index Fund - Direct Plan

Options

Growth and Dividend options with Dividend Payout and Dividend Reinvestment Sub-options

Default Option

Default Option - Growth. Default Sub-option - Dividend Reinvestment

Application Amount

Rs.5000 (plus in multiples of Rs.1)

Min. Additional Investment

Rs.1000 (plus in multiples of Re.1)

Entry Load

Not Applicable

Exit Load

Nil

Minimum Redemption Amt.

Rs. 500 or all units where amount is less than Rs. 500

Systematic Investment Plan

Available

Systematic Transfer Plan

Available (Flex STP/Value STP also available)

Systematic Withdrawal Plan

Available



Fund Manager

Mr. Kayzad Eghlim

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