ICICI Prudential Mutual Fund Launches ICICI Prudential Nifty LargeMidcap 250 Index Fund

NFO opens on February 22, 2024, and closes on March 7, 2024

ICICI Prudential Mutual Fund Launches ICICI Prudential Nifty LargeMidcap 250 Index Fund
22 February 2024

Mumbai: ICICI Prudential Mutual Fund (the Fund) has announced the launch of ICICI Prudential Nifty LargeMidcap 250 Index Fund. The Fund invests in the constituents of the Nifty LargeMidcap 250 Index. This index represents all companies from Nifty 100 and Nifty Midcap 150 universe. The index is re-balanced on a semi-annual basis and the aggregate weightage of large cap stocks and mid cap stocks is maintained at 50% each. Any reset if required is done on a quarterly basis.

Why invest in ICICI Prudential Nifty LargeMidcap 250 Index Fund?

  • Marketcap Exposure: Provides exposure to large and midcap segment of market
  • Economic Growth: Historically, Large Midcap index has outperformed Large cap indices during an economic boom.
  • Balanced Diversification: It offers better and more balanced diversification as compared to Large cap index and Midcap Index individually.
  • Low Capital Requirement: For a minimum investment amount of INR 100, an investor gets exposure to all 250 Large and Midcap stocks.
  • Size Migration: Aim to participate in the growth story of many of the midcap stocks having potential of becoming large caps.
  • Favorable Risk and Return Ratio: Historically, LargeMidcap Index has favorable risk and return ratio as compared to Midcap Index.
  • Systematic Features: Opportunity to avail the benefit of Systematic Investment Plan (SIP), Systematic Transfer Plan (STP) etc.
  • Non-Demat Holders: Will allow non demat account holders to seek exposure to large and midcap segment of the market.

Speaking on the launch of the index fund, Mr. Chintan Haria, Principal - Investment Strategy, ICICI Prudential AMC said, “The Nifty LargeMidcap 250 Index Fund provides an excellent opportunity to leverage on the stability provided by large caps and the growth potential offered by midcaps at a low cost. The index offers investors a more diverse and balanced sector allocation as compared to large cap and midcap individually. Investors may consider this offering as a part of their equity allocation and use the systematic investment route to achieve their long term goals.”
In terms of performance, historically, Nifty LargeMidcap 250 TRI has offered better return, at lower risk, compared to that of NIFTY 100 TRI and Nifty MidCap 150 TRI. Over the last decade, the index has generated a CAGR of 23.22%. When it comes to calendar year returns, the Nifty LargeMidcap 250 index has outperformed Nifty 100 index 7 times in last 10 years.

Index Portfolio

Data as on 31st January 2024. Source: www.niftyindices.com

SIP Returns of the Index

Data as on 11th February 2024. Source MFIE. Past performance may or may not be sustained in the future. The Total Return Variant of the Index has been used. The performance figures pertain to the Index and do not in any manner indicate the returns/performance of the Scheme Source. Past performance may or may not be sustained in the future.

For further information, please contact Adil Bakhshi, Principal- PR & Corporate Communication, Email: adil_bakhshi@icicipruamc.com, Landline: 022-66470274

Riskometer and Disclaimer:

ICICI Prudential Nifty LargeMidcap 250 Index Fund: An open ended Scheme replicating Nifty LargeMidcap 250 Index

It may be noted that risk-o-meter specified above for the Scheme is based on the scheme characteristics and may vary post NFO when the actual investments are made. The same shall be updated in accordance with paragraph 17.4 of SEBI Master circular dated May 19, 2023 on Product labelling in mutual schemes on ongoing basis.

Disclaimer by the National Stock Exchange of India Limited: It is to be distinctly understood that the permission given by National Stock Exchange of India Limited (NSE) should not in any way be deemed or construed that the Scheme Information Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Scheme Information Document. The investors are advised to refer to the Scheme Information Document for the full text of the ‘Disclaimer Clause of NSE’.

Disclaimer of NSE Indices Limited: The Products offered by “ICICI Prudential Mutual Fund /ICICI Prudential Asset Management Company Limited” or its affiliates is not sponsored, endorsed, sold or promoted by NSE Indices Limited (NSE Indices) and its affiliates. NSE Indices and its affiliates do not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) to the owners of these Products or any member of the public regarding the advisability of investing in securities generally or in the Products linked to their underlying indices to track general stock market performance in India. Please read the full Disclaimers in relation to the underlying indices in the respective Scheme Information Document.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.


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