NFO: ICICI Prudential launches quality factor index fund will remain open till June 4
MFNews
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Chandigarh: ICICI Prudential MF has launched ICICI Prudential Nifty200 Quality30 index Fund, an open- ended index fund tracking the Nifty200 Quality30 index. This New index fund will remain open till June 4, 2025.
The Nifty 200 Quality 30 index includes top 30 companies from its parent Nifty 200 index, selected based on their ‘quality’ scores. The score is determined through return on equity (ROE), debt/equity ratio and earnings growth over the previous 5 years.
Abhijit Shah, Chief Marketing and Digital Business Officer, ICICI Prudential MF, said, “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.”
