ICICI Prudential Nifty 50 ETF

ICICI Prudential Nifty 50 ETF is a scheme launched by ICICI Mutual Fund on March 20, 2013, and falls under the ETFs fund category. It currently manages an AUM of Rs 23,240.85 crore. The fund permits investments with a minimum SIP of Rs 500 and a lump sum of Rs 5000. It charges an expense ratio of 0.03% for managing the portfolio.

• Investing Strategy:

  The investment objective of the scheme is to provide returns before expenses that closely correspond to the total return of the Underlying Index, subject to tracking errors.

• Performance:

  ICICI Prudential Nifty 50 ETF trailing returns over different times are 3.73% (1 year), 15.43% (3 year) and 18.17% (5 year). The average annual return of this fund stands at 8.93%.