ICICI Prudential Mutual Fund recently launched a new fund offer – ICICI Prudential Midcap 150 Index Fund. This NFO is open for subscription, starting from 03 December 2021 through 17 December 2021.
This is an open-ended index scheme that will replicate the composition of Nifty Midcap 150 Index. It is expected to primarily invest in a basket of stocks that form part of this index and achieve returns in line with the index performance. The Nifty Midcap 150 Index represents 150 mid-cap companies ranked from 101 to 250 in terms of market capitalization from the Nifty 500 Index.
The historical returns of this benchmark index compared to Nifty50 and Nifty Small-cap 250 TRI are as below:
Nifty Midcap 150 index has outperformed both Nifty 50 index and Nifty Smallcap 250 index 2 times
over last 10 calendar years while it has outperformed the Nifty 50 Index 7 of the last 10 calendar
2012 | 2015 | 2017 | 2020 | |
Nifty Midcap 150 TRI | 46.4% | 9.7% | 55.9% | 25.5% |
Nifty 50 TRI | 29.3% | -3% | 30.3% | 16.1% |
Nifty Smallcap 250 TRI | 40.1% | 11.3% | 58.6% | 26.4% |
Scheme name | ICICI Midcap 150 Index Fund NFO |
Type of Scheme | An open-ended index scheme investing in composition of Nifty Mid-cap 150 Index |
Category of the scheme | Index fund |
Benchmark | Nifty Mid-cap 150 Index |
Plan options | Regular plan & Direct plan with the following options Growth option Direct Plan Income Distribution cum Capital Withdrawal IDCW payout and reinvestment |
Fund Manager | Kayzad Eghlim & Nishit Patel |
Exit Load | Nil |
Minimum Investment | During NFO: Rs. 100 and multiples of Re 1 thereafter Additional purchase: Minimum Rs. 100 and multiples of Re. 1 thereafter |
NFO Period | 03 Dec – 17 Dec 2021 |
Head over to the Fisdom App to invest in this NFO.
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