Upcoming NFO alert: ICICI Prudential Mutual Fund launches 2 new fund offerings; check subscription dates, minimum investment amount and other details

ICICI Prudential Mutual Fund is launching 2 caller money offerings (NFOs) - ICICI Prudential Nifty200 Value 30 ETF, an open-ended Index Exchange-Traded Fund tracking the Nifty200 Value 30 Index, and ICICI Prudential Nifty200 Value 30 Index Fund, focusing connected a factor-based strategy to supply investors with a low-cost, value-driven concern approach.

The Nifty200 Value 30 Index includes 30 stocks chosen from the Nifty 200 Index based connected their 'value score.' This people is generated utilizing important valuation parameters to assistance value-conscious investors successful identifying possibilities. The scale provides vulnerability to firms with beardown imaginable for semipermanent growth.

Key features of the NFO

Subscription dates: Both NFOs volition unfastened connected September 30, 2024, and volition adjacent connected October 14, 2024.
Minimum investment: Rs 100 (and multiples of Rs1).
Value-based investing: Targets perchance undervalued stocks for semipermanent growth.
Diversification: Provides vulnerability to 30 companies crossed assorted sectors.
Transparency and debased cost: Offers debased disbursal ratios and perchance little portfolio turnover.
Sector diversification: The scale has vulnerability to sectors similar financials, energy, materials, and telecom, which tin alteration based connected the worth score.

Sector Exposure

The scale Nifty200 Value 30 is exposed to fiscal services, oil, state & consumable fuels, metals & mining, power, operation materials, chemicals and telecommunication and is well-poised for capturing worth opportunities therein. And this vulnerability changes based connected the worth people of the companies.

A look astatine the different NFOs that are inactive unfastened for subscription

Baroda BNP Paribas Mutual Fund launched an innovative caller money connection (NFO) Baroda BNP Paribas Nifty200 Momentum 30 Index Fund connected September 24. The NFo volition adjacent connected October 9, 2024. Read more 

Before that, LIC Mutual Fund connected September 20 launched a caller Manufacturing Fund, an open-ended equity strategy pursuing the manufacturing theme. This is besides unfastened till October 4, 2024. Read more

HDFC Asset Management Co Ltd, concern manager to HDFC Mutual Fund (HDFC MF), launched an NFO connected September 19. The NFO is unfastened till October 4, 2024. Read more