ICICI Prudential Nifty Auto Index

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About ICICI Prudential Nifty Auto Index

Right from two-wheelers, three-wheelers to commercial vehicles, we all know that the automobile industry is evolving.
And now that the pandemic has been on a decline, the production and sales of passenger vehicles has also managed to grow
rapidly in our country and has rose to newer levels this August 2022.
So what if you get an opportunity to invest in a basket of quality auto stocks?
Introducing ICICI Prudential Nifty Auto Index Fund, an open ended index scheme, replicating Nifty Auto Index.
Want to know more about this scheme? Let’s begin!

How does this scheme work?

• This scheme invests in all the stocks comprising the Nifty Auto Index in the same weightage as that of the Nifty Auto Index.
• This index is designed to reflect the behavior and performance of the automobiles’ segment in the listed universe.
• The Nifty Auto Index has 15 stocks as its constituents.
• The scheme allocates minimum 95% and maximum 100% of its total assets in equity and equity related securities of
companies constituting the Nifty Auto Index.
• It might also>invest a maximum of 5% in Money Market instruments including TREPs or similar instruments as may
be permitted by RBI/ SEBI, subject to requisite approvals from SEBI / RBI, if needed and Units of debt schemes
excluding subscription money in transit before deployment / payout

Why should you invest in this scheme?

Transforming sector

With growing population, rising income and lifestyle changes, the automobile sector seems to be on a roll currently. These companies have been seeking to contribute considerably towards the economic growth of the country. So why not seek the opportunity to participate in this transforming sector that fuels the country’s growth story?

Cyclical nature

Being cyclical in nature, the scheme aims to perform well when the market opportunities and demands rise

Who should invest in this scheme?

If you’re a savvy investor, who desire to participate in the growth story of India’s automobile sector and aims to achieve some long-term goals, this scheme can be a good option!

ICICI Prudential Nifty Auto Index

Type of Scheme An open-ended Index scheme replicating Nifty Auto Index
Benchmark Index Nifty Auto TRI
NFO Period 22nd September, 2022 to 6 th October 2022
Plans/ Options Plans: Regular & Direct
Options: Growth & IDCW (IDCW Payout & IDCW Reinvestment)
Fund Manager DetailsKayzad Eghlim and Nishit Patel
Rs. 1000/- (plus in multiple of Re. 1)
Minimum application amount for switch-ins: Rs. 1000/- and any amount thereafter.
Exit Load Nil
Daily, Weekly, Fortnightly, Monthly SIP$ : Rs. 1,000/- (plus in multiple of Re. 1/-) Minimum installments: 6
Quarterly SIP$ : Rs. 5,000/- (plus in multiple of Re. 1/-) Minimum installments – 4
$The applicability of the minimum amount of installment mentioned is at the time of registration only

For details of other schemes managed by the same fund managers, click here.

You can now read more about our ICICI Prudential Nifty Auto Index – Presentation

#It may be noted that the scheme risk-o-meter specified above is based on the internal assessment of scheme characteristics and may vary post NFO, when the actual investments are made. The same shall be updated in accordance with provisions of SEBI circular dated October 5, 2020 on Product labelling in mutual fund schemes on ongoing basis.

Disclaimer of NSE Indices Limited (NSE Indices


The Product(s) are not sponsored, endorsed, sold or promoted by NSE Indices Limited (" NSE Indices"). NSE Indices does not make any representation or warranty, express or implied, to the owners of the Product(s) or any member of the public regarding the advisability of investing in securities generally or in the Product(s) particularly or the ability of the Nifty Auto Index to track general stock market performance in India. The relationship of NSE Indices to the Issuer is only in respect of the licensing of certain trademarks and trade names of its Index which is determined, composed and calculated by NSE Indices without regard to the Issuer or the Product(s). NSE Indices does not have any obligation to take the needs of the Issuer or the owners of the Product(s) into consideration in determining, composing or calculating the Nifty Auto Index. NSE Indices is not responsible for or has participated in the determination of the timing of, prices at, or quantities of the Product(s) to be issued or in the determination or calculation of the equation by which the Product(s) is to be converted into cash. NSE Indices has no obligation or liability in connection with the administration, marketing or trading of the Product(s).
NSE Indices do not guarantee the accuracy and/or the completeness of the Nifty Auto Index or any data included therein and they shall have no liability for any errors, omissions, or interruptions therein. NSE Indices does not make any warranty, express or implied, as to results to be obtained by the Issuer, owners of the product(s), or any other person or entity from the use of the Nifty Auto Index or any data included therein. NSE Indices makes no express or implied warranties, and expressly disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the index or any data included therein. Without limiting any of the foregoing, NSE Indices expressly disclaim any and all liability for any damages or losses arising out of or related to the Products, including any and all direct, special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages.
Mutual Fund investments are subject to market risks, please read all scheme related documents carefully.