The ICICI Prudential Nifty200 Quality 30 Index Fund, an open-ended index plan that replicates the Nifty200 Quality 30 Index, has been launched by ICICI Prudential Mutual Fund. The “Quality” factor, one of the cornerstones of factor investing, which emphasizes investing in companies with solid foundations and sound financial standing, serves as the basis for this strategy.
The scheme’s new fund offer, or NFO, is now available for subscription and will end on June 4.
In order to maximize profits while controlling risk, factor investing generally focuses on important performance drivers such quality, momentum, low volatility, value, and size. The goal of this new plan is to give investors access to a carefully chosen portfolio of 30 Nifty 200 firms that exhibit strong performance on important quality metrics, such as return on equity, a low debt-to-equity ratio, and steady profits growth.
Our goal with this product is to provide investors with a plan that combines the three main tenets of quality investing: relative stability, efficiency, and resilience. The Chief Marketing and Digital Business Officer at ICICI Prudential AMC, Abhijit Shah, stated that this plan is appropriate for people who want to accumulate long-term wealth through an open, rule-based strategy that has traditionally done well during market downturns.
There is no exit load. For SIP investments, a minimum of Rs 1,000 must be paid in six installments. The plan will be evaluated in comparison to the Nifty200 Quality 30 TRI. Ashwini Shinde and Nishit Patel will oversee the plan.
The Scheme gives investors the chance to accumulate long-term wealth by holding a portfolio of essentially sound businesses, especially when high-quality equities are reasonably priced.
Its passive, rules-based approach ensures transparency and discipline in portfolio development by simulating an index that chooses 30 premium equities from the Nifty 200 universe.
