NFO Monitor: ICICI Prudential Mutual Fund launches Nifty200 Quality 30 Index Fund

ICICI Prudential Mutual Fund announces the launch of the ICICI Prudential Nifty200 Quality 30 Index Fund, an open - ended index scheme replicating Nifty200 Quality 30 Index. This strategy is built on the ‘Quality’ factor, one of the foundational pillars of factor investing, which emphasises investing in financially sound businesses with strong fundamentals.

The new fund offer or NFO of the scheme is open for subscription and will close on June 4.

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Factor investing in general targets key performance drivers such as quality, momentum, low volatility, value, and size to optimise returns while managing risk. This new scheme aims to provide investors with access to a curated portfolio of 30 companies from the Nifty 200 universe that scores high on key quality parameters, including return on equity, a low debt-to-equity ratio, and stable earnings growth.

“Through this product, we aim to offer investors a scheme that brings together the core principles of quality investing—resilience, efficiency, and relative stability. This scheme is suitable for those looking to build long-term wealth using a transparent, rule-based approach that has historically performed well during market downturns,” said Abhijit Shah, Chief Marketing and Digital Business Officer at ICICI Prudential AMC.

The exit load is nil. The minimum amount for SIP investment is Rs 1,000 with minimum six installments. The scheme will be benchmarked against Nifty200 Quality 30 TRI. The scheme will be managed by Nishit Patel and Ashwini Shinde.

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The Scheme provides investors an opportunity to build long-term wealth by owning a portfolio of fundamentally strong companies, particularly at a time when quality stocks are available at reasonable valuations.

It follows a passive, rules-based strategy that replicates an index which selects 30 high-quality stocks from the Nifty 200 universe, ensuring transparency and discipline in portfolio construction.

(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)