Key facts
- ICICI Prudential Mutual Fund has launched the Nifty Smallcap 250 ETF.
- The ETF aims to track the Nifty Smallcap 250 Index.
- The new fund offer (NFO) is open from the announcement date until June 16.
- The fund seeks to provide long-term participation in India's small-cap segment.
- The minimum investment amount is Rs 1,000.
ICICI Prudential Mutual Fund has launched the ICICI Prudential Nifty Smallcap 250 ETF, an exchange-traded fund designed to replicate the performance of the Nifty Smallcap 250 Index. The new fund offer (NFO) is open for subscription until June 16, after which it will be available for continuous sale and repurchase.
The fund aims to provide investors with a cost-efficient and diversified way to participate in India's growing small-cap segment, which is increasingly driven by manufacturing expansion, economic formalisation, infrastructure development, digitalisation, and rising domestic consumption. The ETF offers exposure to approximately 250 emerging companies across about twenty sectors.
According to Abhijit Shah, Chief Marketing & Digital Business Officer at ICICI Prudential AMC, the ETF is designed for investors seeking long-term participation in India's expanding small-cap opportunity set. The fund will invest 95-100% in equity and equity-related securities of companies within the Nifty Smallcap 250 Index, with 0-5% in money market instruments. The minimum application amount is Rs 1,000, and there is no exit load. The fund's performance will be benchmarked against the Nifty Smallcap 250 TRI and managed by Nishit Patel, Ashwini Bharucha, and Venus Ahuja.