Upcoming NFO alert: ICICI Prudential Mutual Fund launches 2 new fund offerings; check subscription dates, minimum investment amount and other details

ICICI Prudential Mutual Fund is launching two new fund offerings (NFOs) - ICICI Prudential Nifty200 Value 30 ETF, an open-ended Index Exchange-Traded Fund tracking the Nifty200 Value 30 Index, and ICICI Prudential Nifty200 Value 30 Index Fund, focusing on a factor-based strategy to provide investors with a low-cost, value-driven investment approach.

The Nifty200 Value 30 Index includes 30 stocks chosen from the Nifty 200 Index based on their 'value score.' This score is generated using important valuation parameters to assist value-conscious investors in identifying possibilities. The index provides exposure to firms with strong potential for long-term growth.

Key features of the NFO

Subscription dates: Both NFOs will open on September 30, 2024, and will close on October 14, 2024.
Minimum investment: Rs 100 (and multiples of Rs1).
Value-based investing: Targets potentially undervalued stocks for long-term growth.
Diversification: Provides exposure to 30 companies across various sectors.
Transparency and low cost: Offers low expense ratios and potentially lower portfolio turnover.
Sector diversification: The index has exposure to sectors like financials, energy, materials, and telecom, which can change based on the value score.

Sector Exposure

The index Nifty200 Value 30 is exposed to financial services, oil, gas & consumable fuels, metals & mining, power, construction materials, chemicals and telecommunication and is well-poised for capturing value opportunities therein. And this exposure changes based on the value score of the companies.

A look at the other NFOs that are still open for subscription

Baroda BNP Paribas Mutual Fund launched an innovative new fund offer (NFO) Baroda BNP Paribas Nifty200 Momentum 30 Index Fund on September 24. The NFo will close on October 9, 2024. Read more 

Before that, LIC Mutual Fund on September 20 launched a new Manufacturing Fund, an open-ended equity scheme following the manufacturing theme. This is also open till October 4, 2024. Read more

HDFC Asset Management Co Ltd, investment manager to HDFC Mutual Fund (HDFC MF), launched an NFO on September 19. The NFO is open till October 4, 2024. Read more