MUTUAL FUNDS
ICICI Prudential MF introduces Nifty Private Bank Index Fund
Jul-01-2025

ICICI Prudential Mutual Fund has launched ICICI Prudential Nifty Private Bank Index Fund, an open-ended Index scheme replicating Nifty Private Bank Index. The NFO opens for subscription on July 01, 2025 and closes on July 14, 2025. No Entry Load is charged and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 1,000/- (plus in multiple of Re. 1/-).

The performance of the Scheme will be benchmarked with Nifty Private Bank TRI and its fund managers are Nishit Patel and Ashwini Shinde. 

The objective of the Scheme is to invest in companies whose securities are included in Nifty Private Bank Index, subject to tracking errors, to endeavor to achieve the returns of the above index. This would be done by investing in all the stocks comprising the Nifty Private Bank Index in the same weightage that they represent in Nifty Private Bank Index.


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