NFO Alert! ICICI Prudential MF launches EV and New Age Automotive fund, examine subscription dates and minimal funding
The funding focus of the scheme might be on firms within the Digital Automobile (EV) ecosystem and new-age automotive sector.
ICICI Prudential Mutual Fund has introduced the launch of ICICI Prudential Nifty EV & New Age Automotive ETF. The open-ended Trade-Traded Fund might be monitoring the Nifty EV & New Age Automotive Index.
The fund home can be introducing the ICICI Prudential Nifty EV & New Age Automotive ETF Fund of Funds (FOF), in order that buyers who do not have a Demat account can also take part on this scheme.
“This launch gives buyers with a possibility to realize publicity to India’s quickly increasing EV and new-age automotive sector, which incorporates electrical two-wheelers, three-wheelers, passenger automobiles, industrial automobiles, battery producers, elements, uncooked supplies suppliers, and automotive expertise suppliers,” the corporate mentioned.
The funding focus of the scheme might be on firms within the Digital Automobile (EV) ecosystem and new-age automotive sector. It is going to be benchmarked towards the Nifty EV & New Age Automotive TRI.
In keeping with Abhijit Shah, Chief Advertising and marketing & Digital Enterprise Officer, ICICI Prudential AMC, the EV trade is projected to develop at good tempo.
“Pushed by rising adoption and supportive authorities insurance policies, this trade is projected to develop at an accelerated tempo. By investing within the Nifty EV & New Age Automotive Index, buyers can achieve a diversified publicity to India’s quickly evolving EV sector and may capitalize on the worldwide shift in direction of sustainable mobility,” Shah mentioned.
ICICI Prudential Nifty EV & New Age Automotive ETF subscription dates
- ETF: March 21, 2025 – April 2, 2025
- FOF: March 28, 2025 – April 10, 2025
ICICI Prudential Nifty EV & New Age Automotive ETF subscription dates: Minimal Funding Quantity:
- ETF – Throughout NFO, the minimal funding required for the ETF is Rs 1,000 and thereafter in multiples of Re 1,
- FOF – The funding quantity is similar for the NFO each in the course of the NFO and within the ongoing provide interval.
ICICI Prudential Nifty EV & New Age Automotive ETF has been rated as Very Excessive Threat on the benchmark riskometer.
That is appropriate for buyers who’re looking for to generate wealth in the long run. Nevertheless, they have to seek the advice of their monetary advisers earlier than making a last resolution.
