ICICI Prudential Nifty Metal ETF Review – ICICI Prudential Nifty Metal ETF Direct NFO Open on 1 August 2024 and Close on 12 August 2024. ICICI Prudential Nifty Metal ETF Direct NFO Allotment Date is 13 August 2024, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount is ₹1,000. The Minimum SIP Investment Amount is N/A.
Type of the Scheme
An open-ended Exchange Traded Fund tracking Nifty Metal Index.
Scheme Benchmark : The performance of the Scheme would be benchmarked against Nifty Metal TRI.
ICICI Prudential Nifty Metal ETF Scheme Benchmark
Top constituents by weightage
| Company | Weightage |
|---|---|
| Tata Steel Ltd. | 20.04 |
| Hindalco Industries Ltd. | 14.39 |
| JSW Steel Ltd. | 13.02 |
| Adani Enterprises Ltd. | 12.22 |
| Vedanta Ltd. | 11.15 |
| Jindal Steel & Power Ltd. | 5.34 |
| NMDC Ltd. | 4.06 |
| APL Apollo Tubes Ltd. | 3.88 |
| Jindal Stainless Ltd. | 3.50 |
| Steel Authority of India Ltd. | 3.25 |
ICICI Prudential Nifty Metal ETF Nfo Important Date
| Scheme Offer | ICICI Prudential Nifty Metal ETF |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An open-ended |
| Open Date | 01 Aug 2024 |
| Allotment Date | 13 Aug 2024 |
| Close Date | 12 Aug 2024 |
| Category | Other Schemes – ETFs |
| Min Inv ₹ | N/A |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | Nifty Metal TRI |
ICICI Prudential Nifty Metal ETF Nfo Other Details
| Exit Load | N/A |
|---|---|
| Exit Load Details | N/A |
| Entry Load | N/A |
| Stamp Duty | 0.005% |
| Min. Investment | Rs. 1000 |
| Min. SIP | N/A |
ICICI Prudential Nifty Metal ETF Review Asset Allocation
| Instruments | Allocation Min | Allocation Max |
|---|---|---|
| Equity and Equity related securities of companies constituting the underlying index (Nifty Metal Index) | 95% | 100% |
| Money market instruments including TREPs | 0% | 5% |
Investment Objective of the Scheme ?
The investment objective of the scheme is to provide returns before expenses that correspond to the total return of the underlying index subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
ICICI Prudential Nifty Metal ETF Review Index Return
| Index Return | QTD | YTD | 1 Year | 5 Years | Since Inception |
|---|---|---|---|---|---|
| Price Return | -3.03 | 20.12 | 41.80 | 29.93 | 11.60 |
| Total Return | -2.93 | 20.33 | 42.38 | 31.88 | 13.79 |
ICICI Prudential Nifty Metal ETF Review Manager Details
- Fund Manger : Mr. Nishit Patel
- Qualification : CFA (Level 1) Chartered Accountant and B.Com
- Experience : Mr. Nishit joined ICICI Prudential Asset Management Company Limited in November 2018. Past Experience: ~ ICICI Prudential Asset Management Company Limited – ETF Business – November 2018 – January 2020.
- Fund Manger : Ms. Priya Shridhar
- Qualification : B. Com fromm Mumbai University, M.F.M. – Masters in Financial Management from Somaiya College of Management Studies.
- Experience : Ms. Priya Sridhar has been appointed as the Manager – Dealing ETF in the Investments Department of ICICI Prudential Asset Management Company Limited w.e.f. January 25, 2022. Past Experience: ~ ICICI Prudential Asset Management Company Limited – Branch Service Operations – October 2010 to March 2015 – ICICI Prudential Asset Management Company Limited – Dealer in MF – March 2015 to September 2019 ~ ITI Mutual Fund – Dealer in MF – October 2019 to January 2022.
How Will The Scheme Allocate Its Assets?
- Repos in corporate debt securities.
- Short selling of securities.
- Unrated instruments (except TREPS/ Government Securities/ T- Bills / Repo and Reverse Repo in Government Securities).
- Foreign securities/ADR/GDR.
- Securitised debts.
- Credit enhancements and Structured obligations.
- Additional Tier I bonds and Tier 2 bonds having special features as mentioned in clause 4.4.4 of SEBI Master Circular.
- REITS and INVITS.
- Credit default swap transactions.
Also Read: Kotak NIFTY Midcap 50 Index Fund
Manager Manage the Scheme?
- Mr. Nishit Patel
- Ms. Priya Shridhar
ICICI Prudential Nifty Metal ETF Registrar
Computer Age Management Services Ltd.
7th Floor, Tower II, Rayala Towers, 158,
Anna Salai, Chennai – 600002
Telephone:1800-3010-6767
Email: enq_h@camsonline.com
Website: www.camsonline.com
1 thought on “ICICI Prudential Nifty Metal ETF Review”