Mutual Fund NFO: ICICI Prudential Mutual Fund launches Nifty LargeMidcap 250 Index Fund; know minimum investment, risk factor, and other details

Mutual Fund NFO: ICICI Prudential Mutual Fund on Friday (February 23, 2024) opened the subscription for its Nifty LargeMidcap 250 Index Fund scheme. Its an open ended index fund, which will invest in companies that have securities in Nifty LargeMidcap 250 Index in the same weightage that they represent in the index. The fund offers the IDCW option with the IDCW payout and IDCW reinvestment sub-options. The growth option is the default option for the scheme. Know more details about the new ICICI mutual fund here-  

  
ICICI Prudential Nifty LargeMidcap 250 Index Fund: Subscription Dates

The subscription for ICICI Mutual Fund's new fund starts today (Friday, February 23, 2024) and will end on March 7.

ICICI Prudential Nifty LargeMidcap 250 Index Fund: Minimum investment 

The minimum investment under the scheme is Rs 100 and any amount thereafter. The minimum additional application amount for switch ins is Rs. 100 and any amount thereafter.

ICICI Prudential Nifty LargeMidcap 250 Index Fund: SIP Details

The fund is offering daily, weekly, fortnightly, and monthly SIPs. The minimum investment in SIPs is Rs 100, and one needs to make at least six installments.  

As far as the quarterly SIP is concerned, one needs to make at least four SIPs of a minimum of Rs 100.

ICICI Prudential Nifty LargeMidcap 250 Index Fund: Risk factor

As per the fund house, it is a very high risk scheme

ICICI Prudential Nifty LargeMidcap 250 Index Fund: Objective

As per ICICI Mutual Fund, the objective of the scheme is to invest in companies whose securities are included in the Nifty LargeMidcap 250 Index in the same weightage that they represent in the Nifty LargeMidcap 250 Index in order to achieve the returns of the above index, subject to tracking errors.

However, there is no assurance or guarantee that the investment objective of the scheme shall be achieved.

ICICI Prudential Nifty LargeMidcap 250 Index Fund: Fund managers

Nishit Patel, Priya Sridhar, and Kewal Shah are the fund managers of the scheme.

ICICI Prudential Nifty LargeMidcap 250 Index Fund: Benchmark

The large midcap fund will track the Nifty LargeMidcap 250 TRI index as its benchmark.

ICICI Prudential Nifty LargeMidcap 250 Index Fund: Entry and Exit Loads

There will be no entry or exit load in the scheme. However, the trustees shall have a right to prescribe or modify the exit load structure with prospective effect subject to a maximum prescribed under the regulations.

(Disclaimer: NFO details are given here. This is not investment advice. Investing in mutual funds is subject to market risks. Consult your advisor before investing.)