ICICI Prudential Mutual Fund Launches First Auto Index Fund – ICICI Prudential Mutual Fund has launched the industry’s first auto index fund, the ICICI Prudential Nifty Auto Index Fund. The new fund offer will be opened on 22 September and will be closed on 6 October 2022.
- The fund was designed to reflect the performance of the automobile sector.
- The index comprises 15 listed companies and represents auto-related sectors such as auto ancillaries and tyres too.
About ICICI Prudential Mutual Fund –
CEO: Nimesh Shah
Headquarters: Mumbai
Founded: 1993
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