ICICI Prudential Mutual Fund has introduced a new scheme called ICICI Prudential Nifty 200 Quality 30 ETF in the Equity (Thematic) category.
The scheme is open-ended and allows investors to subscribe from July 21, 2023, until July 26, 2023.
The Mutual Fund House emphasizes that this scheme presents an opportunity for long-term wealth creation.
With a minimum investment of ₹1,000, investors can participate in the ICICI Prudential Nifty 200 Quality 30 ETF scheme, and thereafter, they can invest in multiples of Re 1.
The benchmark index for this scheme is NIFTY 200 Quality 30 TRI, and the objective is to achieve returns in line with the underlying benchmark.
However, it is important to note that there is no guarantee that the scheme will achieve its investment objective.
This scheme is best suited for investors seeking long-term wealth growth.
The Exchange Traded Fund (ETF) aims to generate returns that closely track the performance of the NIFTY200 Quality 30 Index, taking into account any tracking error.
Investors who have any uncertainties about the scheme are advised to consult their financial advisors.