ICICI Prudential Nifty Low Vol 30 ETF
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|Risk||Moderately High risk|
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|Colgate-Palmolive (India) Ltd||4.12%|
|Nestle India Ltd||4.04%|
|HDFC Bank Ltd||3.97%|
|Kotak Mahindra Bank Ltd||3.97%|
|Power Grid Corp Of India Ltd||3.95%|
|Tata Consultancy Services Ltd||3.74%|
|Dabur India Ltd||3.72%|
|Asian Paints Ltd||3.64%|
About ICICI Prudential Nifty Low Vol 30 ETF
ICICI Prudential Nifty Low Vol 30 ETF is an open-ended exchange traded fund which strives to provide returns that closely correspond to the returns provided by Nifty 100 Low Volatility 30 Index. The fund will invest in securities of companies on the Nifty 100 Low Volatility 30 Index in the same proportion as their weightage on the index.
Pros & Cons of ICICI Prudential Nifty Low Vol 30 ETF
ICICI Prudential Nifty Low Vol 30 ETF offers the following benefits:
- The scheme is suitable for investors seeking returns from equity while limiting the impact of market volatility.
- The fund enables investors to invest with higher liquidity.
- Notably, the fund is comparatively newer making it difficult to track long-term returns.
Fund Information and Statistics of ICICI Prudential Nifty Low Vol 30 ETF
###Inception / Launch date The ICICI Prudential Nifty Low Vol 30 ETF was launched on July 03, 2017, by ICICI Prudential AMC. ###Risk level ICICI Prudential Nifty Low Vol 30 ETF is a moderately high risk bet and suitable for long-term investment horizon. ###Redemption Redemption of units will be done at applicable NAV prices on every business day. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days. ###Fund Manager The fund is managed by Mr Kayzad Eghlim since inception. He is a B. Com, M. Com, & MBA and comes with previous work experience with IDFC Investment Advisors Ltd., Prime Securities and Canbank Mutual Fund. ###Entry / Exit load The fund house does not charge any entry load or exit load.
Tax benefits of investing in ICICI Prudential Nifty Low Vol 30 ETF
- A short-term capital gain tax of 15 % is levied is the units are sold within one year from the date of allotment.
- Long-term capital gains, in excess of Rs 1 lakh, are taxed at 10% if the units are sold after one year.
- Dividend distribution may be applicable.
About ICICI Prudential Mutual Fund
ICICI Prudential as the name suggests is a joint venture between ICICI and Prudential Plc. The fund house was started in 1998 in 2 locations and 6 employees. Today, it serves across 200 locations with 1913 employees and an investor base of 3 million. ICICI Prudential aims to simplify investing and help investors achieve their financial goals.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns