ICICI Prudential Nifty Metal ETF NFO: All you need to know

Published: 08th Aug 2024

By: Value Research

About ICICI Prudential Nifty Metal ETF

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.

ICICI Prudential Nifty Metal ETF NFO snapshot

About the benchmark

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.

Top 5 constituents of the Nifty Metal Index

Fund managers of ICICI Prudential Nifty Metal ETF

Nishit Patel and Priya Shridhar will jointly manage the ETF.

Should you invest in this metal ETF?

The metal sector is highly cyclical. Find out how the Nifty Metal Index has performed and whether the ETF is worth your investment.

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