NFO Alert: ICICI Prudential Mutual Fund launches the Nifty LargeMidcap 250 Index Fund; all you need to know

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

Also Read: 5 best flexi cap mutual funds gave over 20% annualised returns in the past 5 years Investors can invest under the scheme with a minimum investment of ₹100 per plan/option and in multiples of Re 1.

There is no upper limit for investment. Under normal circumstances, the asset allocation (% of Net Assets) of the scheme’s portfolio will be as follows:Types of InstrumentsMinimum Allocation (% of Total Assets)Maximum Allocation (% of Total Assets)Risk ProfileEquity and Equity related securities of companies constituting the underlying index (Nifty LargeMidcap 250 Index)95100Very HighMoney Market instruments including TREPs and units of debt schemes05Low to Medium To date, only Edelweiss Mutual Fund and Zerodha Mutual Fund have launched such index fund schemes. Name of the fund houseName of the fundOne-year returns (in %)Edelweiss Mutual FundEdelweiss Nifty Large Mid Cap 250 Index Fund19.74Zerodha Mutual Fund Zerodha Nifty LargeMidcap 250 Index fund- The performance of the scheme will be benchmarked against Nifty LargeMidcap 250 TRI.

It includes all companies from Nifty 100 and Nifty Midcap 150. It intends to measure the performance of large and mid-market capitalisation companies. The aggregate weight of large-cap stocks and mid-cap stocks is 50% each and is reset every quarter.