Recently, ICICI Prudential AMC announced the launch of Nifty Junior Index Fund. It is an open-ended index fund that allows users to invest in companies whose securities are included in Nifty Junior Index.
The New Fund Offer opens from June 10. It will end on June 21. It is declared in a statement by the company.
The fund is being considered as the country's first open-ended index fund to track CNX Nifty Junior.
About the ICICI Prudential Nifty Junior Index Fund economictimes.indiatimes.com, an online news portal about news and economy says, “Mutual fund major, ICICI Prudential AMC launched its ICICI Prudential Nifty Junior Index Fund, an open-ended index fund that will invest in companies whose securities are included in Nifty Junior Index.”
So, it is an open-ended index fund. You are able to invest in companies whose securities are included in Nifty Junior Index.
Further the news portal quotes a statement of the company about the ICICI Prudential Nifty Junior Index Fund, “Its New Fund Offer (NFO) opens from June 10 and will close on June 21.”
The news portal says, “The Company claimed it to be the country's first open-ended index fund to track CNX Nifty Junior. The fund aims to track 90-95 per cent of the index, maintaining cash balance between 5-10 per cent of the net assets to meet redemptions and other liquidity requirements.”
The news portal gives a conclusion about the fund, “The fund will also track upto 100 per cent of the index as and when the liquidity in the index improves.”
Overall, the new fund - ICICI Prudential Nifty Junior Index Fund has introduced a great investment plan for the consumers. It has great flexibility and it aims to track 90-95 % of the index. There is no doubt that it is a new fund. The new fund has been launched by ICICI Prudential as Nifty Junior Index Fund. The fund will be able to release business cycle.
The New Fund Offer opens from June 10. It will end on June 21. It is declared in a statement by the company.
The fund is being considered as the country's first open-ended index fund to track CNX Nifty Junior.
About the ICICI Prudential Nifty Junior Index Fund economictimes.indiatimes.com, an online news portal about news and economy says, “Mutual fund major, ICICI Prudential AMC launched its ICICI Prudential Nifty Junior Index Fund, an open-ended index fund that will invest in companies whose securities are included in Nifty Junior Index.”
So, it is an open-ended index fund. You are able to invest in companies whose securities are included in Nifty Junior Index.
Further the news portal quotes a statement of the company about the ICICI Prudential Nifty Junior Index Fund, “Its New Fund Offer (NFO) opens from June 10 and will close on June 21.”
The news portal says, “The Company claimed it to be the country's first open-ended index fund to track CNX Nifty Junior. The fund aims to track 90-95 per cent of the index, maintaining cash balance between 5-10 per cent of the net assets to meet redemptions and other liquidity requirements.”
The news portal gives a conclusion about the fund, “The fund will also track upto 100 per cent of the index as and when the liquidity in the index improves.”
Overall, the new fund - ICICI Prudential Nifty Junior Index Fund has introduced a great investment plan for the consumers. It has great flexibility and it aims to track 90-95 % of the index. There is no doubt that it is a new fund. The new fund has been launched by ICICI Prudential as Nifty Junior Index Fund. The fund will be able to release business cycle.
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