March 3, 2023
mayank
Guidance for ICICI Prudential Nifty PSU Bank ETF NFO
by Paresh Gordhandas, C.A., Research Analyst.
Updated Soon
ICICI Prudential Nifty PSU Bank ETF NFO
NFO opens on March 13, 2023
NFO will close on March 15, 2023
(Our detailed Guidance is given at the bottom of the Page)
Investment Strategy
The scheme seeks to provide returns before expenses that correspond to the total return of the underlying index subject to tracking errors.
Basic Details
| Fund House | ICICI Prudential Mutual Fund |
| Issue Open | 13 March 2023 |
| Issue Close | 15 March 2023 |
| Type | Open-ended |
| Category | Equity: Sectoral-Banking |
| Min. Investment(Rs) | 1,000 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | NIFTY PSU Bank TRI |
About Benchmark Index
The Nifty PSU Bank Index captures the performance of the PSU Banks. All Public Sector Banks that are traded (listed & traded and not listed but permitted to trade) at the National Stock Exchange (NSE) are eligible for inclusion in the index subject to fulfilment of other inclusion criteria namely listing history and trading frequency.
Nifty PSU Bank Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base market capitalization value.
Nifty PSU Bank Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty PSU Bank Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | -15.29 | -15.29 | 37.14 | 3.51 | 7.00 |
| Total Return | -15.2 | -15.2 | 40.36 | 4.05 | 8.62 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 29.61 | 34.80 | 35.51 |
| Beta (NIFTY 50) | 1.26 | 1.18 | 1.15 |
| Correlation (NIFTY 50) | 0.65 | 0.66 | 0.72 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 8.29 | 0.99 | 1.76 |
Fund Manager
1) Kayzad Eghlim
Education: Mr. Eghlim is a B.Com (H) and M Com.
Experience: Prior to joining ICICI Prudential AMC he has worked with IDFC Investment Advisors Ltd., Prime Securities and Canara Robeco Mutual Fund.
Past Performance of his Schemes
| Fund | ICICI Prudential Nifty 50 Index Fund | It’s Benchmark | ICICI Prudential Equity Arbitrage Fund | It’s Benchmark |
| 1 Year | 5.06 | 5.63 | 4.58 | 2.71 |
| 3 Year | 16.54 | 17.68 | 4.11 | 2.54 |
| 5 Year | 11.19 | 11.64 | 4.88 | 3.18 |
| 7 Year | 13.50 | 14.56 | 5.24 | 3.50 |
| 10 Year | 12.33 | 13.38 | 6.15 | 4.09 |
2) Nishit Patel
Education: Mr. Patel is a B.Com & Chartered Accountant
Experience: ICICI Prudential Asset Management Company Limited – ETF Business – November 2018 – January 2020.
Past Performance of his Schemes
| Fund | ICICI Prudential BHARAT 22 FOF | It’s Benchmark | ICICI Prudential Regular Gold Savings Fund (FOF) | It’s Benchmark |
| 1 Year | 23.73 | 5.63 | 7.85 | 9.66 |
| 3 Year | 24.76 | 17.68 | 8.80 | 9.45 |
| 5 Year | — | — | 11.59 | 13.01 |
| 7 Year | — | — | 8.59 | 9.10 |
| 10 Year | — | — | 5.29 | 6.56 |
AMC:
ICICI Prudential Asset Management Company Ltd
Address: One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai – 400051
Website: http://www.icicipruamc.com
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
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