India, Jan. 15 -- ICICI Prudential Mutual Fund (MF) has launched the ICICI Prudential Midcap 150 ETF, an open-ended Index Exchange Traded Fund tracking Nifty Midcap 150 Index. The NFO opens for subscription on January 15, 2020 and closes on January 20, 2020. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.
The scheme's performance will be benchmarked against Nifty Midcap 150 TRI and its fund manager is Kayzad Eghlim.
The investment objective of the scheme is to provide returns before expenses that closely correspond to the total return of the underlying index, subject to tracking errors.
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