ICICI PRUDENTIAL NIFTY IT INDEX FUND

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What is ICICI Prudential Nifty IT Index Fund?

From entertainment to banking, socializing or travelling…
technology has been influencing our lives in countless ways.
So, choosing a scheme that invests in the growing IT industry could be a good idea. Right?
Presenting ICICI Prudential NIFTY IT Index Fund, an open ended index fund tracking NIFTY IT index.

How does ICICI Prudential Nifty IT Index Fund work?

This fund works by capturing the performance of the IT companies. The NIFTY IT Index consists of 20 companies listed on the NSE (National Stock Exchange).
The selection of these 20 companies is done using the free-float market capitalization method.
This scheme seeks to offer you returns based on the returns provided by NIFTY IT Index i.e. by investing in securities of companies that are engaged in the IT Sector .

Why Invest?

  • Constantly growing industry
    Benefit from Innovation of Futuristic Technology, opening new windows of opportunities in the Indian market.

  • Low cost
    Getting exposure to a well-defined investment basket is good. Now, what if it also comes at a small cost? Great! Isn’t it? As an index fund it uses passive investment strategies and therefore tends to have a low expense ratio.

Benefits of investing in ICICI Prudential Nifty IT Index Fund

Convenient

As an index fund, this scheme lets you enjoy the benefits of key investment features like SIPs, Switches etc., without a Demat account.

Exposure to established organizations

This scheme invests your money in well-established IT companies listed on Stock Exchange with an aim to offer potential returns.

ICICI Prudential Nifty IT Index Fund

Scheme Name ICICI Prudential Nifty IT Index Fund
NFO Period 28nd July – 11th August 2022
Plans/ OptionsPlans: Regular & Direct
Options: Growth & IDCW (IDCW Payout & IDCW Reinvestment)
Exit Load Nil
The Trustees shall have a right to prescribe or modify the exit load structure with prospective effect subject to a maximum prescribed under theRegulations
Minimum Application Amount, including switchesDURING NEW FUND OFFER PERIOD/ DURING ONGOING OFFER PERIOD:
Rs. 1000/- (plus in multiple of Re.1)
Minimum application amount for switch-ins: Rs. 1000/- and any amount thereafter.
Minimum Additional Application Amount, including switches Rs.1000/- (plus in multiple of Re.1)
Minimum additional application amount for switch ins –Rs. 1000/- and any amount thereafter.
SIP amountDURING NEW FUND OFFER PERIOD/ DURING ONGOING OFFER PERIOD:
Daily, Weekly, Fortnightly, Monthly SIP$: Rs. 1000/- (plus in multiple of Re. 1/-) Minimum installments: 6
Quarterly SIP$: 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
BenchmarkNifty IT TRI
Fund ManagerKayzad Eghlim and Nishit Patel

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

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

Should you invest in ICICI Prudential NIFTY IT Index Fund?

If you’re seeking for long-term wealth creation with a desire to invest in the IT sector, this scheme is for you!

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 IT 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 IT 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 Scheme Information Document ICICI Prudential Nifty IT Index Fund 3 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 IT 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 IT 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.