NFO Alert: ICICI Prudential Mutual Fund launches ICICI Prudential Nifty50 Value 20 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. 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 the scheme will be as follows:Indicative allocations (% of total assets)MinimumMaximumEquity and equity related securities of companies constituting the underlying index (Nifty50 Value 20 index)95%100%Very HighMoney market instruments including TREPs and units of debt schemes0%5%Low to Medium To date, only one asset management company (AMC) in India has launched such fund:Mutual Fund HouseName of the fundNippon India Mutual FundNippon India Nifty 50 Value 20 Index Fund The performance of the scheme will be benchmarked against the Nifty50 Value 20 TRI. The Nifty50 Value 20 index is designed to reflect the behaviour and performance of a diversified portfolio of value companies forming a part of the Nifty 50 index.

It consists of the most liquid value blue chip companies. The Nifty50 Value 20 index comprises of 20 companies listed on the National Stock Exchange (NSE). Value companies are normally perceived as companies with low PE (Price to Earning), low PB (Price to Book), and high DY (Dividend Yield).

This scheme involves no “Entry Load", which means that investors do not have to pay anything to park their earnings in this scheme. The “Exit Load" will also be “Nil". The investments under the scheme will be managed by Priya Sharidhar, Kewal Shah and Nishit Patel.