Published: 08th Aug 2024
By: Value Research
ICICI Prudential Mutual Fund’s latest fund offering, the ICICI Prudential Nifty Metal ETF, will be the first fund to focus exclusively on the metal sector. The NFO (new fund offer) was launched on August 1, 2024, and will remain open for subscription until August 12, 2024.
The fund will track the Nifty Metal Index, which currently includes 15 companies involved in mining and processing various metals. No single company can comprise more than a 33 per cent weight in the index.
The metal sector is highly cyclical. Find out how the Nifty Metal Index has performed and whether the ETF is worth your investment.