Minimum Investment Rs.
1,000: ICICI Prudential Nifty EV & New Age Automotive ETF & Fund
of Funds..!
ICICI
Prudential Mutual Fund has launched ICICI Prudential Nifty EV & New Age
Automotive ETF, an open-ended ETF tracking Nifty EV & New Age Automotive
Index. Based on this ETF, the fund house is also introducing the ICICI
Prudential Nifty EV & New Age Automotive ETF FOF, such that investors
without a Demat account can participate in this scheme.
This
underlying index comprises 10 companies across electric two-wheelers,
three-wheelers, passenger vehicles, commercial vehicles, battery manufacturers,
components, raw materials suppliers and automotive technology providers.
Driven
by increasing adoption and supportive government policies, this industry is
projected to grow at an accelerated pace. By investing in the Nifty EV &
New Age Automotive Index, investors can gain a diversified exposure to India’s
rapidly evolving EV sector and can capitalize on the global shift towards
sustainable mobility.
The minimum
application size is Rs.1,000.
The NFO of ETF opens between March 21, 2025 and April 2,
2025 while the NFO of FoF opens on March 28 and closes on April 10, 2025.
For more details and investment..!
Personal Finance
Professional
SEBI Registered Mutual Fund Advisor
Phone : 98847 44227
E mail id : yuvarajchakravarthy@gmail.com
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme
related documents carefully. The past performance of the mutual funds is not
necessarily indicative of future performance of the schemes.
