ICICI Prudential Nifty200 Value 30 Index Fund NFO: Date, NAV

ICICI Prudential Nifty200 Value 30 Index Fund Direct Growth: Complete Overview

ICICI Prudential Mutual Fund introduces two new fund offerings namely the ICICI Prudential Nifty200 Value 30 Index Fund and ‘ICICI Prudential Nifty200 Value 30 ETF’ under ICICI Prudential AMC. The NFO date is from 30 September to October 14, 2024, with an NFO price of Rs.100 and in multiples of Rs.1 thereafter.

ICICI Prudential Nifty200 Value 30 Index Fund Direct Growth is an open-ended index scheme that will replicate the Nifty200 Value 30 Index. The new mutual fund is intended to provide affordable access to value stocks in the Nifty 200 index and are categorized as ‘smart beta’ and offer investors looking for low-cost, long-term growth a value-driven strategy. Today we're dedicated to providing you with useful information on this new NFO, including financial characteristics and any prior performance. 

ICICI Prudential Nifty200 Value 30 Index Fund Direct Growth Details

The scheme is suitable for investors who want to generate wealth in the long term by investing in a fund that tracks returns by investing in a basket of companies from the Nifty200 Value 30 Index, with the goal of achieving the specified index's returns, subject to tracking error.The scheme will invest 95-100% in equity and equity-related securities of the companies that make up the Nifty200 Value 30 Index, the underlying index, and 0-5% in money market instruments, including units of debt Schemes and TREPs.

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What is Smart Beta?

• Any attribute that contributes to the explanation of an asset's long-term risk and return performance is referred to be a factor.

• The basis of investing and the fundamental elements of each investment procedure are factors.

• Low Volatility, Momentum, Quality, and Value are well-known factors.

 

What is Nifty200 Value 30 Index?

• The maximum price for every single stock in the index is set at either 5% or 5x its weight.

• Capitalization of the free-float market.

• Evaluate and rebalance the index semi-annually.

What is factor investing?

Factor investing focuses on important drivers including value, size, low volatility, and momentum to maximize portfolio returns and reduce risk.Nifty200 Value 30

 Index Fund vs Nifty 200 TRI Returns

The CAGR for one year has been 81% and 38% by Nifty200 Value 30 Index Fund and Nifty 200 TRI Returns respectively.

Benefits of Index Funds

• Index funds provide investing options such as SIPs, switches, and other features without requiring a demat account.

• Index funds are a low-cost solution to invest in various asset classes.

• You can follow an index that represents a particular market segment, style, or asset class with index funds.

• Every day, the exchange website makes available the index's underlying components.

ICICI Prudential Mutual Fund Details

• It is among the most well-known mutual fund companies in India. It is among the top three AMCs in the nation in terms of AUM.

• As ICICI Prudential Asset Management Company Limited, it was founded in 1993. It was transformed into a joint venture between Prudential Plc and ICICI Bank in 1998.

• It has an AUM of more than Rs.6,90,000 crore at the end of January 2024, with more than 97 lac investors. The AMC provides more than 120 mutual fund schemes, including debt, hybrid, and equity plans.

Fund Overview

The ICICI Prudential Nifty200 Value 30 Index Fund NFO minimum subscription amount is Rs.100 and in multiples of Rs.1 thereof.

How To Invest In The Scheme After The Closure Date?

If you have missed participating in the NFO and now want to invest in the same Scheme on a continuous basis, then within 5 business days from the date of allotment, when the Scheme will reopen; you will have the option to participate and invest directly in the Mutual Fund by spending at NAV based price by logging on to your Demat account and search for “ICICI Prudential Nifty200 Value 30 Index Fund” or directly with the AMC or simply click the ‘Banner’ below.

 

The Objective of The Fund

The Scheme aims to attain the returns of the stated index by investing in companies whose stocks are part of the Nifty200 Value 30 Index and susceptible to tracking errors. This would be accomplished by allocating investment capital to each stock that makes up the Nifty200 Value 30 Index at the same weight as each stock does. 

Asset Allocation (% of Total Assets) of the Scheme's portfolio will be as follows:

Peers of ICICI Prudential Nifty200 Value 30 Index Fund

Since this scheme is a new scheme, hence no comparable data on its past performance against its peers is available.

Risk Factors In Such Funds

• The NAV of the Scheme will respond to changes in the stock market. Due to fluctuations in the Scheme's net asset value (NAV) as a result of events including shifts in interest rates, political and economic developments, etc.

• Since the Scheme is passively managed, a general drop in the Indian markets with respect to its Underlying Index may have an impact on it. Regardless of the securities' potential for profit, the Scheme makes investments in the ones that make up its Underlying Index.

• The Scheme will be exposed to the risks connected with concentration to the extent that it chooses to focus its investments in the Securities of particular companies or sectors.

 

Past Performance of Nifty200 Value 30 Index Funds

 

ICICI Prudential Nifty200 Value 30 Index Fund-Growth Fund Managers:

• Mr. Nishit Patel.

• Ms. Priya Sridhar.

Conclusion

ICICI Prudential Nifty200 fund invests in a low-cost portfolio of value stocks that are part of the Nifty200 Value 30 Index for long-term growth. With its focus on smart beta and passives, the fund pays investors the value-driven strategy under its umbrella, with the carrying of market risk; yet, one of the strategies closely tracks the performance of its underlying index. This NFO could be suitable for investors looking to invest in a diversified portfolio with a value-focused approach.

Disclaimer: This NFO analysis is provided solely for informative reasons and should not be construed as investment advice. Always conduct research and talk with a financial advisor before investing.