ICICI Prudential Nifty Metal ETF NFO review

ICICI Prudential Nifty Metal ETF NFO will remain open for public subscription until August 12, 2024. This ETF will be the first to focus exclusively on the metal sector, unlike previous funds that concentrated on both metal and energy sectors. ICICI Prudential Nifty Metal ETF NFO snapshot NFO period August 1 - 12, 2024 Benchmark Nifty Metal TRI Fund managers Nishit Patel and Priya Shridhar Exit load Nil Tax treatment If units are sold within a year: 20 per cent capital gains tax. If units are sold after one year: 12.5 per cent capital gains tax. (Gains up to Rs 1.25 lakh are tax-exempt) About ICICI Prudential Nifty Metal ETF's benchmark Since ICICI Prudential Nifty Metal ETF will try to replicate the Nifty Metal Index, let us understand the latter in detail. Launched on July 12, 2011, the Nifty Metal Index is currently home to 15 companies engaged in mining and processing various metals, selected based on free-float market capitalisation. The index ensures that no company comprises more than 33 per cent of the index. Additionally, it maintains that the combined weight of its top t