ICICI Prudential Mutual Fund launches ICICI Prudential NASDAQ 100 Index Fund
By: Eastern Fin Research Team#Mutual Fund
NFO period: 27th September – 11th October, 2021
Highlights of the NFO:
Scheme type – An open ended index fund replicating NASDAQ-100 Index®
Investment objective – The objective of the scheme is to invest in companies whose securities are included in NASDAQ-100 Index® and subject to tracking errors, to endeavour to achieve the returns of the above index. However, there is no assurance or guarantee that the investment objective of the scheme shall be achieved.
Product suitability – The product is suitable for investors who are seeking long term wealth creation an index fund that seeks to track returns by investing in a basket of NASDAQ-100 Index® stocks and aims to achieve returns of the stated index, subject to tracking error.
Minimum Application Amount – First investment is Rs. 1,000/- and in multiples of Rs. 1/- thereafter
Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Income Distribution cum capital withdrawal option (IDCW) with Payout of Income Distribution cum capital withdrawal (IDCW Payout) sub-option and Reinvestment of Income Distribution cum capital withdrawal (IDCW Reinvestment) sub-option.