Your current browser might not support few of our features. For a better view and experience please update your browser to IE 8 and above.

ICICI Prudential Private Banks ETF

ICICI Prudential Private Banks ETF

The Nifty Private Bank index represents the 10 large capitalised stocks which reflect the behaviour and performance of the private sector banks.

Schemes - ICICI Prudential Private Banks 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 NIFTY Private Bank 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 Private Bank Index is an index comprised of the large capitalised stocks which reflects the behaviour of private sector banks.
  • It provides investors and market intermediaries with a benchmark that captures the capital market performance of Private Banks.

Key Benefits

  • Nifty Private Bank Index: Aims to benefit from investing in large capitalised Indian Private Bank 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.

Who should invest?

  • Investors looking to invest in stocks of Nifty Private Bank Index in a cost-effective and transparent manner.
  • Looking to participate in potential capital appreciation opportunities in private banking sector benefiting from Indian economic growth.
Scheme Features
Type

An open ended exchange traded fund replicating / tracking Nifty Private Bank Index

Underlying Nifty Private Bank Index
ISIN INF109KC1E35
NSE Symbol & BSE Scrip ID ICICIBANKP
BSE Scrip Code 542758
Pricing Approx. 1/100th of underlying Index
Application size - Directly with AMC 15,000 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 August 2019 and overall 29 years of experience

This Product is suitable for investors who are seeking*:

high risk
  • Long term wealth creation
  • An Exchange Traded Fund that aims to provide returns that closely correspond to the returns provided by NIFTY Private 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.

Other Links