About ICICI Prudential Metal ETF:
Bolster your portfolio by investing in India’s First Metal ETF. The Indian Metal industry aids a long list of industries – from making electrical wires to aircrafts. Being among the of crude steel, iron ore, and aluminium, the sector is expected to witness major reforms in the next few years. Don’t miss the chance to participate in the development of Indian industries.
Aim for a portfolio as sturdy as metal with the ICICI Prudential Nifty Metal ETF. Keep reading to know more!
How does this scheme work?
• ICICI Prudential Nifty Metal ETF is an open-ended Exchange Traded Fund tracking Nifty Metal Index.
• The index is designed to reflect the behaviour and performance of the Metals sector (including mining). The Nifty Metal Index comprises of maximum 15 stocks that are listed on the National Stock Exchange (NSE).
(source: icicipruamc.com)
ICICI Prudential Nifty Metal ETF NFO Details:
| Mutual Fund | ICICI Prudential Mutual Fund |
| Scheme Name | ICICI Prudential Nifty Metal ETF |
| Objective of Scheme | 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. |
| Scheme Type | Open Ended |
| Scheme Category | Other Scheme – Other ETFs |
| New Fund Launch Date | 01-Aug-2024 |
| New Fund Earliest Closure Date | |
| New Fund Offer Closure Date | 12-Aug-2024 |
| Indicate Load Seperately | Exit Load: There will be no exit load for units sold through the secondary market on the BSE/NSE. Investors shall note that the brokerage on sales of the units of the scheme on the stock exchanges shall be borne by the investors. The Eligible Investors can redeem units directly with the Fund/the AMC in creation unit size. Currently there is no exit load applicable for the said transactions. However, during the process of creation/redemption there may be transaction costs and/or other incidenta |
| Minimum Subscription Amount | 1000 |
| For Further Details Please Visit Website | https://www.icicipruamc.com |
(source :amfiindia)
ICICI Prudential Nifty Metal ETF NFO
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