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NFO Alert- 

“ICICI Pru AMC Launches ICICI Prudential Midcap 150 Index Fund NFO. The fund is open for subscription between December 3, 2021, and December 17, 2021”


Read below for more details about the NFO!


Basic Details About The NFO… 

  • Fund Name- ICICI Prudential Midcap 150 Index Fund
  • Type- An open-ended index fund.
  • Subscription open date- 3rd December 2021
  • Subscription close date- 17th December 2021
  • Benchmark- Nifty Midcap 150 TRI
  • Minimum Amount for Application during NFO- Rs 100 and in multiples of Rs 1 after that.
  • Minimum Additional Purchase Amount- Rs 100 and in multiples of Rs 1 after that.
  • Minimum SIP Amount- Rs 100 and in multiples of Rs 1 thereafter if Daily/Weekly/Monthly, Min. 6 installments. Rs 5000 and in multiples of Rs 1 thereafter, if quarterly SIP, Mim. 4 installments.
  • Plans- Both Direct and Regular Plans are available
  • Options Available- Both Growth and Income Distribution Cum Capital Withdrawal Option (ICDW)


Investment Objective…….     

ICICI Prudential Midcap 150 Index Fund will provide investors exposure to the mid-cap segment of the market, as the scheme will invest in well-diversified Nifty Midcap index constituents spread across key industries. By investing in this fund, investors can participate in the growth story of many of the midcap stocks that have the potential of becoming large caps.


Exit Load Trends In The NFO…… 

The fund has no entry load or exit load applicable to your investment in ICICI Prudential Midcap 150 Index Fund NFO.


Fund Managers Of The NFO…….

The fund manager appointed to manage the asset allocation is Mr. Kayzad Eghlim. He is associated with ICICI Prudential AMC from June 2008 till date. In his prior experience, he has held various positions in IDFC Investment Advisors Ltd., Prime Securities, Canbank Mutual Fund. He holds experience of over 19 years in the finance sector. 


Who Should Invest In This NFO? 

This product is suitable for investors who are seeking-

  • Long-term Capital Growth. 
  • Invest in equity and equity-related securities and portfolio replicating the composition of the Nifty Midcap 150 Index, subject to tracking errors. 


Note: Investors should consult their financial advisers if in doubt about whether the product is suitable for them or you can also get in touch with our executives for more suggestions. 


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For any kind of query, you can contact us at Shri Ashutosh Securities Pvt Ltd., we are here to help you in any way possible.


Happy Investing!


(Mutual Fund investments are subject to market risk Illustrations are for example only, there is no guarantee of returns. Past performance is not an indicator/guarantee to future returns).