In this video we discuss the latest offering from ICICI Prudential Mutual Funds - the ICICI Prudential Nifty Bank Index Fund. This is a new fund offer from ICICI Mutual Funds. The fund will invest in the constituents of the Nifty Bank Index to replicate the returns subject to tracking errors.
The underlying index invests in the top 12 banks in terms of free float market capitalization. The Nifty Bank Index fund is suitable for investors who hold a diversified portfolio with limited exposure in banks. The NFO is open for subscription from the 10th of February to the 24th of February 2022.