ICICI Prudential Mutual Fund launches first Auto Index Fund

ICICI Prudential Mutual Fund launches first Auto Index Fund

Daily Current Affairs   /   ICICI Prudential Mutual Fund launches first Auto Index Fund

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Category : Business and economics Published on: September 24 2022

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  • ICICI Prudential Mutual Fund has launched India’s first Auto Index Fund namely ICICI Prudential Nifty Auto Index Fund.
  • The offering is an open-ended index scheme replicating Nifty Auto Index.
  • The new fund offer opens on 22 September and will close on 6 October.
  • The fund will track the Nifty Auto Index which has been designed to reflect the performance of the automobiles sector.
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