ICICI Prudential Nifty Low Vol 30 ETF FOF NFO

ICICI Prudential Mutual Fund has announced the launch of the ICICI Prudential Nifty Low Vol 30 ETF Fund of Fund. The scheme would be investing its assets units of ICICI Prudential Nifty Low Vol 30 ETF.

The New Fund Offer (NFO) starts on 23rd March 2021 and will end on 6th April 2021. The fund will reopen for continuous sale and repurchase within 5 business days of allotment. The date of unit allotment is 06th April 2021.

Investment Objective

The investment objective of the scheme is to provide long-term capital growth by investing its assets in units of ICICI Prudential Nifty Low Vol 30 ETF.

Features

The fund will be investing a minimum of 95% of its assets in the ICICI Prudential Nifty Low Vol 30 ETF.
It aims to generate returns by replicating or tracking the ICICI Prudential Nifty Low Vol 30 ETF.
The fund will select the top 30 least volatile stocks out of the Nifty 100 Index.
The least volatile stocks out of the Nifty 100 will have the highest weights.
The weights of less liquid stocks will be capped at 3%
The rebalancing of the underlying ETF is done on a quarterly basis.

Why invest in ICICI Prudential Nifty Low Vol 30 ETF Fund of Fund?

The fund aims to generate wealth for investors over the long term.
It aims to reduce the impact of market volatility on investments.
The fund will invest in a factor-based smart beta ETF which will limit the downside risk.
The fund will invest in low volatility bluechip stocks and large caps across different sectors.
It will allow investors to invest in an ETF without a Demat account.

ICICI Prudential Nifty Low Vol 30 ETF - Top 10 Holdings

Stocks	Weightage
Power Grid Corporation of India	4.13%
Dabur	3.97%
Ultratech Cement	3.95%
Indian Oil Corporation	3.91%
Bajaj Auto	3.79%
NTPC	3.68%
ACC	3.67%
Pidilite Industries	3.61%
Wipro	3.53%
Tata Consultancy Services	3.51%

*Data as of 28th February 2021

ICICI Prudential Nifty Low Vol 30 ETF - Top 10 Sector Allocation

Sector	Weightage
Computers - Software	16.4%
Personal Care	9.9%
Cement	7.6%
Motor Cycles/Scooters	6.8%
Refineries/Marketing	6.7%
Consumer Foods	6.5%
Pharmaceuticals	6.2%
Banks	5.9%
Power - Transmission	4.1%
Power	3.7%

*Data as of 28th February 2021

Who Should Invest?

This scheme is suitable for investors who are -

Interested in long-term capital growth.
Interested in investments in large-cap companies.
Interested in investments in constituents of ICICI Prudential Nifty Low Vol 30 ETF.
Recommended for investors with an investment horizon of 5 years & above.

Asset Allocation Pattern

Instruments

Minimum % of total assets (Indicative)

Maximum % of total assets (Indicative)

Risk Profile

Units of ICICI Prudential Nifty Low Vol 30 ETF

95%

100%

Moderate to High

Units of Debt mutual funds, Tri-Party Repo or Reverse Repo

securities and Money Market Instruments

0%

5%

Low to Moderate

About the Scheme

Name of the fund	ICICI Prudential Nifty Low Vol 30 ETF FOF NFO
Fund launched by	ICICI Prudential Mutual Fund
Asset Management Company	ICICI Prudential Asset Management Company Limited
Type of scheme	An open-ended FoF scheme investing in ICICI Prudential Nifty Low Vol 30 ETF
Investment Objective	The investment objective of the scheme is to generate long-term capital growth by investing its assets in the units of ICICI Prudential Nifty Low Vol 30 ETF.
Benchmark	Nifty 100 Low Volatility 30 TRI.
Entry Load	Not Applicable
Exit Load	10% of the units redeemed or switched out within 1 year - NIL, More than 10% of the units redeemed or switched out within 1 year- 1% of applicable NAV If units are redeemed or switched out after 1 year- NIL
Taxation	Taxed as Equity If units are sold within 12 months, gains are taxed as short-term capital gain tax @15% If units are sold after 12 months, gains are taxed as long-term capital gain tax @10%, on the gains exceeding ₹1 lakh in a financial year
Minimum Application Amount	₹ 1,000 & in multiples of ₹ 1 thereafter
Minimum Additional Amount	₹ 500 & in multiples of ₹ 1 thereafter
STP, & SWP	Available
Plans Available	Regular Direct
Options	Growth Dividend Payout Dividend Reinvestment
Fund Managers	Mr. Kayzad Eghlim and Mr. Nishit Patel

SIP Details

Type	Minimum Installments	Minimum Amount
Daily SIP	6	₹100 & in multiples of ₹1 thereafter
Weekly SIP	6	₹100 & in multiples of ₹1 thereafter
Fortnightly SIP	6	₹100 & in multiples of ₹1 thereafter
Monthly SIP	6	₹100 & in multiples of ₹1 thereafter
Quarterly SIP	4	₹5,000 & in multiples of ₹1 thereafter