December 9, 2022
mayank
Guidance for NFO of ICICI Prudential Nifty Commodities ETF
by Paresh Gordhandas, C.A., Research Analyst.
Updated Soon
NFO of ICICI Prudential Nifty Commodities ETF
NFO opens on December 14 ,2022
NFO will close on December 15 ,2022
(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 | 14 December 2022 |
| Issue Close | 15 December 2022 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment(Rs) | 1,000 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | NIFTY Commodities TRI |
About Benchmark Index
The NIFTY Commodities Index is designed to reflect the behaviour and performance of a diversified portfolio of companies representing the commodities segment which includes sectors like Oil, Petroleum Products, Cement, Power, Chemical, Sugar, Metals and Mining. The NIFTY Commodities Index comprises of 30 companies that are listed on the National Stock Exchange (NSE).
At the time of rebalancing of shares/ change in index constituents/ change in investible weight factors (IWFs), the weightage of the index constituent (where applicable) is capped at 10%. NIFTY Commodities 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 Commodities Total Returns Index
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 9.38 | 9.02 | 12.68 | 9.14 | 10.01 |
| Total Return | 9.39 | 11.22 | 15.13 | 11.49 | 12.15 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 21.60 | 22.71 | 25.38 |
| Beta (NIFTY 50) | 0.99 | 0.99 | 1.03 |
| Correlation (NIFTY 50) | 0.81 | 0.85 | 0.91 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 13.27 | 2.35 | 3.15 |
Study about Benchmark Index in details
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 Next 50 Index Fund | It’s Benchmark | ICICI Prudential S&P BSE Sensex ETF | It’s Benchmark |
| 1 Year | 3.51 | 8.19 | 8.06 | 8.19 |
| 3 Year | 16.22 | 18.11 | 16.89 | 18.11 |
| 5 Year | 7.92 | 13.52 | 14.69 | 13.52 |
| 7 Year | 12.60 | 14.95 | 15.04 | 14.95 |
| 10 Year | 13.89 | 13.83 | 13.66 | 13.83 |
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 Regular Gold Savings Fund (FOF) | It’s Benchmark | ICICI Prudential Nifty 50 Index Fund | It’s Benchmark |
| 1 Year | 9.82 | 13.39 | 7.39 | 8.19 |
| 3 Year | 10.61 | 12.10 | 16.60 | 18.11 |
| 5 Year | 11.87 | 13.05 | 13.21 | 13.52 |
| 7 Year | 9.89 | 11.22 | 13.93 | 14.95 |
| 10 Year | 4.25 | 5.52 | 12.77 | 13.83 |
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