Guidance for NFO of ICICI Prudential Nifty 10 yr Benchmark G-Sec ETF
by Paresh Gordhandas, C.A., Research Analyst.
Updated Soon
NFO of ICICI Prudential Nifty 10 yr Benchmark G-Sec ETF
NFO opens on December 12 ,2022
NFO will close on December 13 ,2022
(Our detailed Guidance is given at the bottom of the Page)
Investment Strategy
The Scheme is to provide returns before expenses that correspond to the returns of NIFTY 10 yr Benchmark G-Sec Index, subject to tracking errors.
Basic Details
Fund House | ICICI Prudential Mutual Fund |
Issue Open | 12 December 2022 |
Issue Close | 13 December 2022 |
Type | Open-ended |
Category | Debt: Gilt with 10 year Constant Duration |
Min. Investment(Rs) | 1,000 |
Plans | Growth |
Lock-in Period | NA |
Exit Load | 0 |
Riskometer | Moderate |
Benchmark | NIFTY 10 yr Benchmark G-Sec Index |
About Benchmark Index
The NIFTY 10 yr Benchmark G-Sec is constructed using the price of 10 year bond issued by the Central Government of India. The index seeks to track the performance of the 10 year benchmark security.
Constituent: 7.26% GS 2032( IN0020220060 )
Methodology:
i. Index represents Government of India Bond.
ii. The newly issued (on-the-run) 10 year G-sec will be identified as a
benchmark G-sec when:
1. The amount outstanding of the newly issued (on-the-run) 10 year G-sec equals or exceeds Rs.15,000 crores, OR
2. The rolling 3 working-days simple average traded volume of the newly issued (onthe-run) 10 year G-sec exceeds that of the current 10 year benchmark G-sec.
iii. The bond valuation is sourced from the NSE Data and Analytics Limited (FIMMDA valuations prior to 01st August 2018).
iv. Accrued interest is calculated using 30/360 day count convention index is reviewed on monthly basis.
Features:
> Methodology: Total Returns
> Selection: The newly issued (on-the-run) 10 year Gsec will be identified as a benchmark G-sec
> No. of Constituents: 1
> Base Value: 1000
> Base Date: January 03, 2011
> First Value Date: April 03, 1998
> Calculation Frequency: Real-Time
1 Year | 5 Years | Since Inception | |
Returns % | -0.25 | 4.81 | 6.25 |
Fund Manager
1) Anuj Tagra
Education : Mr. Anuj Tagra is a graduate of Guru Gobind Singh Indraprastha University and an MBA from Narsee Monjee Institute of Management Studies
Experience : Prior to joining ICICI Prudential AMC he has worked with Union Bank of India and Fidelity Investments.
Past Performance of his Schemes
Fund | ICICI Prudential Multi Asset Fund | It’s Benchmark | ICICI Prudential Retirement Fund – Pure Debt Plan | It’s Benchmark |
1 Year | 17.87 | 8.71 | 2.39 | 3.10 |
3 Year | 21.09 | 15.44 | 5.49 | 4.62 |
5 Year | 13.42 | 12.94 | — | — |
7 Year | 15.08 | 13.33 | — | — |
10 Year | 15.35 | 12.42 | — | — |
2) Darshil Dedhia
Education : Mr. Dedhia has done CA and CFA.
Experience : He has been working with ICICI Prudential Mutual Fund since 2013.
Past Performance of his Schemes
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
*Post your MF questions @ sahifund.com/ask-me/
IPO Details & Guidance @ chanakyanipothi.com