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| Name | ICICI Prudential Nifty IT Index Fund | NFO Review | Pankaj Mathpal |
| Video Uploader | Video From Pankaj Mathpal |
| Upload Date | This Video Uploaded At 04-08-2022 10:52:07 |
| Video Discription | ICICI Prudential Mutual Fund has recently launched ICICI Prudential Nifty IT Index Fund. This is an open-ended index scheme replicating the Nifty IT index by investing in a basket of Nifty IT stocks and aims to achieve returns of the stated index, subject to tracking error. The new fund offer (NFO) is open until August 11, 2022. The minimum application amount during this NFO is Rs 1,000. The offering will be managed by Kayzad Eghlim and Nishit Patel. About the fund ICICI Pru IT Nifty Index Fund is 10 stock index fund with 53.2 percent allocation to the top two IT bellwethers — Infosys and TCS and the remaining allocation to other domestic names. The top 5 stocks comprise 80 percent of total index constituents. Why IT fund? Over the years, the IT sector tends to rebound stronger after any crisis such as the subprime mortgage crisis, taper tantrum and COVID-19 pandemic. Also, IT is one of the sectors that stand to benefit from rupee depreciation as a large part of its revenue comes from export to the US markets, according to the fund house. #ICICIPrudentialITIndexFund #pankajmathpal |
| Category | Education |
| Tags | icici pru | icici pru mutual fund | ICICI Prudential IT Index Fund | pankaj mathpal | nfo | new fund offer |
