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ICICI Prudential Bank ETF

ICICI Prudential Bank ETF

The Nifty Bank index represents the 12 most liquid and large capitalised Indian Banking stocks.

Schemes - ICICI Prudential Bank ETF

  • Real Time NAV

  • Closing NAV

     

Investment Philosophy

The investment objective of the scheme is to provide returns before expenses that closely correspond to the total return of the underlying index subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Key Features

  • Nifty Bank Index is an index comprised of the most liquid and large capitalised Indian Banking stocks.
  • It provides investors and market intermediaries with a benchmark that captures the capital market performance of Indian Banks.

Key Benefits

  • Nifty Bank Index: Aims to benefit from investing in large capitalised Indian Banking Stocks.
  • Flexibility: Investor can buy and sell even one unit of the scheme at Real Time NAV (Net Asset Value) on the exchange
  • Low Cost: The scheme charges lower expense ratios as compared with actively managed schemes.
  • Liquidity: It also trades in Future and options market, providing adequate liquidity in the market.

Who should invest?

  • Investors looking to invest in stocks of Nifty Bank Index in a cost-effective and transparent manner.
  • Looking to participate in potential capital appreciation opportunities in banking sector benefiting from Indian economic growth.
Scheme Features
Type An open ended exchange traded fund tracking Nifty Bank Index
Underlying Nifty Bank Index
ISIN INF109KC1E27
NSE Symbol & BSE Scrip ID ICICIBANKN
BSE Scrip Code 542730
Pricing Approx. 1/100th of underlying Index
Application size - Directly with AMC 10,000 units & in multiples thereof
Application size through NSE & BSE 1 Unit & in multiples thereof
Entry Load Not Applicable
Exit Load NIL
Authorized Participant
    • Edelweiss Securities Limited, Edelweiss House, Off C.S.T. Road, Kalina, Mumbai – 400098
    • JIGAR COMMODITIES & DERIVATIVES PVT LTD, Office No 141, Centre Point, Somnath, Daman Diu, Pincode- 396210.
    • East India Securities Ltd.- DA-14, Salt Lake City, Sector-I, Kolkata-700064.
    • Parwati Capital Market Private Limited, 8 LYONS Range 1st floor Kolkata, West Bengal - 700001
    • Emkay Global Financial Services Limited – 7th Floor, The Ruby, Senapati Bapat Marg, Dadar West, Mumbai-400028.
    • East India Securities Ltd.- DA-14, Salt Lake City, Sector-I, Kolkata-700064.
    • Kotak Securities Limited, 27 BKC, G Block, Bandra Kurla Complex, Bandra (E ), Mumbai - 400051
    • Edelcap Securities Limited - 2nd floor, MB Towers, Plot No 5, Road No. 2, Banjara Hills, Hyderabad, TG -500034

Fund Manager

Kayzad Eghlim - Managing this fund since July 2019 and overall 29 years of experience

This Product is suitable for investors who are seeking*:

  • Long term wealth creation
  • An Exchange Traded Fund that aims to provide returns that closely correspond to the returns provided by Nifty Bank Index, subject to tracking error.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Disclaimer by the National Stock Exchange of India Limited: It is to be distinctly understood that the permission given by National Stock Exchange of India Limited (NSE) should not in any way be deemed or construed that the Scheme Information Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Scheme Information Document. The investors are advised to refer to the Scheme Information Document for the full text of the ‘Disclaimer Clause of NSE’.


Disclaimer by the BSE Limited: It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the SID has been cleared or approved by BSE Limited nor does it certify the correctness or completeness of any of the contents of the SID. The investors are advised to refer to the SID for the full text of the Disclaimer Clause of the BSE Limited.


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