ICICI Prudential Nifty50 Equal Weight Index Fund

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About ICICI Prudential Nifty50 Equal Weight Index Fund

Before we begin about ICICI Prudential Nifty50 Equal Weight Index Fund, do you know about a general Nifty 50 Index Fund?
Such an index allocates investment to equity shares of the top 50 companies listed on NSE based on their market capitalization. i.e.
it allocates more money in the securities of companies with higher market capitalization and lesser in companies with lower market capitalization.
Now, what if there’s a scheme that avoids this market capitalization bias and gives same weightage to every company within the index?
Introducing, ICICI Prudential Nifty50 Equal Weight Index Fund, an open ended Index scheme replicating Nifty50 Equal Weight Index.
Want to know more? Keep reading!

How does this scheme work?

• NIFTY50 Equal Weight Index represents an alternative weighting strategy to its market capitalization based parent index,
which is the NIFTY 50 Index. This index includes the same companies as its parent index, however, weighted equally.
Therefore, in this scheme the performance of all the securities that form a part of the parent index (NIFTY 50 Index)
are measured and each company in the index are assigned equal weights at the time of review.
• The index is rebalanced on a quarterly basis, i.e. the weightage of the securities is set equally on every rebalancing date.
• The index is reconstituted on a quarterly basis, i.e. there might be inclusions and exclusions made from the index based on the
market conditions on every reconstituting date.

Why should you invest in this scheme?

Exposure to Higher Dividend Yields

An Equal Weight Index has empirically higher dividend yield as compared to a Market Capitalization Weighted Index. Therefore, this scheme aims to offer better profits/returns.

Diversified portfolio

By assigning equal weightage to all the securities in Index, this scheme gives exposure to the stocks of NIFTY 50 companies and thereby aims to offer diversification to your portfolio.

Relatively better returns

An Equal Market Weight Index has the tendency to outperform Market Capitalization Index when there is market rally. i.e. when the market substantially moves upwards during a specific period of time.

Who should invest in this scheme?

As an investor, if you aim to earn potential returns and meet your long-term goals, you may consider investing in this scheme!

ICICI Prudential Nifty50 Equal Weight Index Fund

Scheme Name ICICI Prudential Nifty50 Equal Weight Index Fund
NFO Period 14th September 2022 – 28th September August 2022
Plans/ OptionsPlans: Regular & Direct Options: Growth & IDCW (IDCW Payout & IDCW Reinvestment)
Exit Load Nil
Rs. 5000/- (plus in multiple of Re.1)
Minimum Additional Application Amount Rs. 5000/- (plus in multiple of Re.1)
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
BenchmarkNifty50 Equal Weight TRI
Fund ManagerKayzad Eghlim and Nishit Patel
MICR Cheques, Transfer cheques & RTGS MICR cheques, Transfer cheques and Real Time Gross Settlement (RTGS) requests will be accepted till the end
of business hours upto September 28, 2022.
SwitchesSwitch-in requests from equity and other schemes will be accepted up to September 28, 2022 till the cut-off time applicable for switches.
Switch-in request from ICICI Prudential Nasdaq 100 Index Fund, ICICI Prudential Strategic Metal and Energy Equity
Fund of Fund, ICICI Prudential Passive Multi-Asset Fund of Funds, ICICI Prudential US Bluechip Equity Fund, ICICI
Prudential Global Advantage Fund (FOF) and ICICI Prudential Global Stable Equity Fund (FOF) will not be accepted.

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

You can now read more about our ICICI Prudential Nifty50 Equal Weight Index Fund – Presentation

Mutual Fund investments are subject to market risks, please read all scheme related documents carefully.