ICICI Prudential Mutual Fund has announced the launch of *ICICI Prudential Nifty200 Momentum 30 ETF* , an open-ended Exchange Traded Fund tracking the Nifty200 Momentum 30 Index. Along with the ETF, the fund house is also launching *ICICI Prudential Nifty 200 Momentum 30 Index Fund* .
The index fund is an open-ended scheme replicating the Nifty 200 Momentum 30 Index.
NFO opens on July 22, 2022, and closes on August 2, 2022.
The Nifty200 Momentum 30 Index constitutes of 30 companies selected from the Nifty 200 index based on their normalized momentum score. Nifty 200 Momentum 30 TRI has outperformed Nifty 200 TRI and Nifty 50 TRI 8 out of 10 times till 2021.
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