ICICI Pru Launches ICICI Pru Nifty Low Vol 30 ETF FoF

ICICI Prudential MF Launches ICICI Pru Nifty Low Vol 30 ETF FoF

ICICI Pru MF has launched ICICI Pru Nifty Low Vol 30 ETF FoF. The scheme may invest in a portfolio of 30 least volatile large-cap stocks in the Nifty 100 index.

As per the SID, the scheme remains to provide returns that closely correspond to the returns. The returns provided by its benchmark Nifty 100 Index.

Further, the Nifty 100 low volatility 30-index has provided 12-16% returns annually over the past years.

According to the source, the ICICI Pru may launch its upcoming FoF on 23rd March and will close on 6th April 2021. It is an open-ended Fund of Fund. The scheme will invest in stocks and the underlying ETF replicates the Nifty 100 low volatility 30 index.

Further, this time, ICICI Prudential Mutual Fund has allowed investors to invest in a smart beta ETF with Equity taxation through lump sum or SIP. However, the investors have a chance to invest in this scheme without having a Demat account.

Besides, the upcoming FoF invests in ICICI Prudential Nifty Low Vol 30 ETF that replicates the Nifty 100 Low Volatility 30 Index in the same proportions. 

However, investors are eagerly waiting for the launch of this scheme.