ICICI Prudential Nifty200 Value 30 ETF NFO: Date, Review & NAV

ICICI Prudential Nifty200 Value 30 ETF: Complete Overview

ICICI Prudential Mutual Fund under ICICI Prudential AMC has launched its new fund offering ICICI Prudential Nifty200 Value 30 ETF. The NFO date is open from September 30, 2024, to October 14, 2024, with an NFO price of Rs.100 and in multiples of Rs.1 thereafter.

It is an open-ended index ETF that will track the Nifty200 Value 30 Index. This new mutual fund intends to deliver returns before costs that roughly match the underlying index's overall return, subject to monitoring errors.

 

ICICI Prudential Nifty200 Value 30 ETF Details

The new NFO is suitable for investors who want an ETF that, subject to tracking error, seeks to deliver returns that substantially resemble the results offered by the Nifty200 Value 30 Index in a long horizon.

The scheme will invest 95-100% in equity and equity-related securities of the Nifty200 Value 30 Index constituent companies and 0-5% in money market instruments, including TREPs and debt Schemes units.

Click Here To Stay Updated With The Latest NFOs.

 

What is an ETF?

ETFs are mutual fund schemes that are passively managed and track a benchmark index, reflecting the index's performance.

ETF As an Index

• Open-ended mutual fund scheme.

• Tracks an index.

• The expense ratio is lower than that of actively managed schemes.

• Higher transparency.

• Lower portfolio turnover.

ETF As a Stock

• Tradeable on the exchange platform.

• Delivery into Demat account.

• On the exchange, a minimum of one trading lot equals one unit.

• Limit orders placed on the exchange.

• Real-time pricing.

Benefits of ETF

• The basis of the index is backtested data.

• Small ticket size.

• Reasonably economical.

• Open-minded.

• Periodic rebalancing under the Index.

• The act of diversification.
  
  

Fund Overview

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

 

The Objective of the Fund

The Scheme intends to deliver returns before expenses that, allowing for tracking errors, nearly match the overall return of the underlying index.
 

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

Peers of ICICI Prudential Nifty200 Value 30 ETF

Since this scheme is a new scheme, hence no past performance data is available.

Risk Factors in Such Funds

• The Scheme may be impacted by a broad decline in the Indian markets relative to its Underlying Index because it is passively managed. The Scheme invests in the stocks that comprise its Underlying Index, irrespective of the securities' potential for profit.

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

• The value of securities, derivative contracts, and other instruments linked to the equity markets can move significantly from day to day due to the volatility of the equities and derivative markets.

 

Past Performance of Nifty200 Value 30 ETF Funds

 

ICICI Prudential Nifty200 Value 30 ETF-Growth Fund Managers:

• Mr. Nishit Patel.

• Ms. Priya Shridhar.
  
  

Conclusion

The ICICI Prudential Nifty200 Value 30 ETF provides investors an opportunity to invest in the Nifty200 Value 30 Index at a very low cost with the possibility of benefiting from long-term gains in the substrate. The investment is mainly in the equities comprising the index and therefore appropriate for investors desirous of passive exposure to a well-diversified portfolio. While such products offer advantages such as simplicity and low costs, such investments carry market-related risks, more so when the markets are turbulent.

Disclaimer: This NFO analysis is provided solely for informative purposes and should not be taken as investment advice. Always research and talk with an eligible financial advisor before investing.