Name of the NFO: ICICI Prudential Midcap 150 Index Fund
The Indian Stock Market is on the path to recovery and a flexible trend has been observed recently in the equity markets. Mid Cap stocks have a greater potential than large caps to grow their sales and profits.
ICICI Prudential Midcap 150 Index Fund helps investors capitalise on wealth creation opportunities and achieve long term capital growth.
The ICICI Prudential Midcap 150 Index Fund is an open-ended Index fund scheme that aims to passively track the Nifty Midcap 150 Index and provide returns corresponding to the total returns of the securities as represented by the Nifty Midcap 150 Index before expenses.
Type of NFO: Open-Ended
Category : Index Fund
NFO Period: NFO open from December 3, 2021 to December 17, 2021
Minimum application amount: Minimum investment of Rs 100
Investment Objective: The investment objective of the scheme is to offer returns corresponding to the total returns of the securities as represented by the Nifty Midcap 150 Index before expenses, subject to tracking error. However, there can be no assurance or guarantee that the investment objective of the scheme would be met.
Benchmark: Nifty Midcap 150 TRI
Risk in the scheme
NFO Portfolio Snapshot:
|Adani Total Gas Ltd||2.27%||Financial Services||17.74|
|Tata Power Co. Ltd||2.08%||Consumer Goods||11.11|
|SRF Ltd.||1.76%||Industrial Manufacturing||9.59|
|Shriram Transport Finance Co. Ltd||1.66%||Automobile||8.64|
|Zee Entertainment Enterprises Ltd||1.59%||Pharma||6.59|
|Crompton Greaves Consumer Electrical Ltd.||1.58%||Oil & Gas||5.54|
|AU Small Finance Bank Ltd||1.53%||Consumer Services||3.38|
Fund Managers: Kayzad Eghlim & Nishit Patel
Who should invest in the NFO?
Benefits of investing in the NFO :
Investors with higher risk tolerance and a longer time horizon comfortable with mid-cap stocks can invest in ICICI Prudential Midcap 150 Index Fund.