ICICI Prudential Nifty ETF
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|Risk||Moderately High risk|
More about this fund
|HDFC Bank Ltd||10.7%|
|Reliance Industries Ltd||9.14%|
|Housing Development Finance Corp Ltd||8.42%|
|ICICI Bank Ltd||6.88%|
|Kotak Mahindra Bank Ltd||4.61%|
|Tata Consultancy Services Ltd||4.36%|
|Larsen & Toubro Ltd||3.47%|
|Axis Bank Ltd||3.31%|
About ICICI Prudential Nifty ETF
The ICICI Prudential Nifty ETF is a scheme that passively manages and tracks the Nifty 50 Index. The fund will buy stocks in the same proportion as their composition on the Nifty 50 Index. The scheme provides long-term capital appreciation along with liquidity options.
Pros & Cons of ICICI Prudential Nifty ETF
ICICI Prudential Nifty ETF offers the following benefits: 1. The scheme enables investors to diversify their investments across sectors. 2. The scheme invests only in the blue chip companies paving the way for stable returns. 3. The fund returns are better than the average category returns.
Fund Information and Statistics of ICICI Prudential Nifty ETF
i) Inception / Launch date
The ICICI Prudential Nifty ETF was launched on March 20, 2013, by ICICI Prudential AMC.
ii) Risk level
ICICI Prudential Nifty ETF is a moderately high-risk bet suitable for mid-term to long-term investment horizon.
Redemption can be done on any day based on redemption prices for that day. The proceeds will be dispatched within 10 business days from the day of the redemption request.
iv) Fund Manager
ICICI Prudential Nifty ETF is managed by Kayzad Eghlim since inception of the fund. He comes with 26 years of experience.
v) Entry / Exit load
The fund house does not charge any entry load or exit load on redemption.
Tax benefits of investing in ICICI Prudential Nifty ETF
The Short-term capital gain tax of 15% is levied if sold before one year from the date of allotment. Long-term capital gains , in excess of Rs 1 Lakh, are taxed at 10% without indexation if redeemed after one year. 10% tax will be deducted at source for dividends.
About ICICI Mutual Fund
ICICI Prudential Balanced Advantage Fund is managed by ICICI Mutual Fund AMC, one of India’s largest Fund houses with a proven track record of delivering returns. The fund has been on the forefront of financial innovation leading to a well-diversified portfolio of around 47 mutual fund products, across equity and debt.
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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