ICICI Prudential Mutual Fund launches ICICI Prudential Nifty PSU Bank ETF

NFO period: 13^th March - 15^th March, 2023

Highlights of the NFO:

• Scheme type - An open-ended Exchange Traded Fund tracking NIFTY PSU Bank Index


• Investment objective - The investment objective of the scheme is to provide returns before expenses that correspond to the total return of the underlying index subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.


• Product suitability - The product is suitable for investors who are seeking long term wealth creation. An Exchange Traded Fund that aims to provide returns that correspond to the returns provided by NIFTY PSU Bank Index, subject to tracking error.


• Minimum Application Amount - First investment is Rs. 1,000/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available - Currently, there are no plans/ options under the scheme.


• Fund Managers - Mr. Kayzad Eghlim and Mr. Nishit Patel


• Benchmark - Nifty PSU Bank TRI