ICICI Prudential Mutual Fund launched the ICICI Prudential S&P BSE 500 ETF, an open ended other ETF scheme. The NFO opens for subscription on May 03, 2018 and closes on May 07, 2018. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000.
The scheme's performance will be benchmarked against S&P BSE 500 Index and its fund manager is Kayzad Eghlim.
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.