NFO alert: ICICI Prudential Mutual Fund launches Nifty50 Value 20 Index Fund; details inside

ICICI Prudential Nifty50 Value 20 Index Fund (NFO) is an open-ended index fund launched on January 15, 2024, and closing on January 29, 2024, that aims to replicate the Nifty50 Value 20 Index. It invests in the same proportion of the 20 companies that make up the Nifty50 Value 20 Index, which tracks value stocks within the Nifty 50 Index. The fund has no entry load and requires a minimum investment of Rs 100.

The objective of the Scheme is to invest in companies whose securities are included in the Nifty50 Value 20 Index in the same weightage that they represent in the Nifty50 Value 20 Index to achieve the returns of the above index, subject to tracking errors.

Funds Allocation 

Fund Managers 

Nishit Pate, Age – 28, Qualification – Chartered Accountant and B.Com

Tenure Performance – 14.47%

Priya Sharidhar, Age – 45, Qualification – B. Com, M.F.M.

Kewal Shah, Age – 34, Qualification – PGDM (Finance)

Benchmark Returns 

About the Benchmark Index 

The Nifty50 Value 20 Index reflects the performance of a diverse group of value firms within the Nifty 50 index. This list includes the top 20 blue chip businesses with the highest liquid value. The Nifty50 Value 20 Index includes 20 businesses listed on the National Stock Exchange (NSE).

The index will use a passive investing technique, aiming to limit portfolio turnover while meeting the goals of the scheme. Turnover often involves portfolio rebalancing due to new subscriptions, redemptions, and changes in the Nifty50 Value 20 Index composition.

Movement of Nifty50 Value 20 Index TRI for the last 10 years: 

Benefits of investing in this index fund 

• Exposure to Value Companies in the Nifty 50 index
• Opportunity to gain factor-based exposure to large-cap equity.
• Potential to outperform larger market indices over time.
• Low-cost access.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.