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ICICI Prudential NIFTY Next 50 ETF

ICICI Prudential NIFTY Next 50 ETF

The NIFTY Next 50 index aims to measure the performance of ‘Next’ 50- Large cap companies after the top 50 companies of NIFTY 50

Schemes - ICICI Prudential NIFTY Next 50 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

  • The NIFTY Next 50 index aims to measure the performance of ‘Next’ 50- Large cap companies after the top 50 companies of NIFTY 50.
  • NIFTY Next 50 represents large companies that are potential contenders for inclusion in NIFTY 50.

Key Benefits

  • Next 50 Companies- Aim to benefit from investing in the Next 50 large cap companies
  • 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.
  • Diversification: Investing in the scheme can help you diversify your portfolio across Sectors

Who should invest?

  • Investors who wish to diversify their investments across sectors
  • Investors who are seeking an increase in allocation to large cap companies other than companies of Nifty 50 Index
Scheme Features
Type An open ended exchange traded fund replicating/tracking NIFTY Next 50 Index
Underlying NIFTY Next 50 Index
ISIN INF109KC1NS5
NSE Symbol & BSE Scrip ID ICICINXT50
BSE Scrip Code
Pricing Approx. 1/100th of underlying Index
Application size - Directly with AMC 1,00,000 units & in mutiples 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
    • NIRSHILP COMMODITIES & TRADING PVT LTD, Plot 60B, East West Road No 2, JVPD Scheme, Vile Parle (East), Mumbai –400049
    • Parwati Capital Market Private Limited, 8 LYONS Range 1st floor Kolkata, West Bengal - 700001
    • Emkay Global Financial Services Limited – 7 th Floor, The Ruby, Senapati Bapat Marg, Dadar West, Mumbai-400028.
    • East India Securities Ltd.- DA-14, Salt Lake City, Sector-I, Kolkata- 700064
    • 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 August 2018 and overall 26 years of experience

This Product is suitable for investors who are seeking*:

  • Long term wealth creation solution
  • An Exchange Traded Fund that aims to provide returns that closely correspond to the returns provided by NIFTY Next 50 Index, subject to tracking error.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

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