EXCHANGE TRADED FUND
Midcap Select iWIN ETF - Exchange Traded Funds - ICICI Prudential

ICICI Prudential Midcap Select iWIN ETF

There are two approaches to reaching your goal: exploring and testing new ground or sticking to the established, long trodden path. The former employs actively investigating and assessing your every move while the later stays within the boundaries of the established.

 

In the same way, there are two approaches to managing an investor’s portfolio. One is active management, which involves choosing sectors and stocks that represent the views of the fund managers, as best suited to meet the portfolio objectives. The other is passive management, which simply means, buying into a market index.

 

ICICI Prudential Midcap Select iWIN ETF, an open-ended Index Exchange Traded Fund offers a passive choice to investors, who prefer that their portfolio closely maps S&P BSE Midcap Select Index. It is an ETF (Exchange traded fund), which means investors can buy and sell at any time during the market hours, through their brokers, just like any other equity share thereby offering flexibility for monitoring price and reducing the time gap between investment decision and trade execution.

Investment Philosophy

This scheme seeks to replicate the S&P BSE Midcap Select Index, by buying the same 30 stocks in the same proportion as they are in the index, hence the fund managers do not take any sector or stock exposure that is different from what is seen on the chosen index. The Index tracks the behaviour of a portfolio of midcap companies. To be eligible for inclusion, currently, the stock must have minimum average daily float-adjusted market capitalization greater than or equal to INR 20 billion.

Key Benefits

This product is suitable for investors who are seeking*:

Long term wealth creation solution

An Exchange Traded Fund that seeks to provide returns that closely correspond to the returns provided by S&P BSE Midcap Select Index, subject to tracking error

This product is suitable for investors who are seeking* :


*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


Key Features

Type

Open-ended Index Exchange Traded Fund

Underlying

S&P BSE Midcap Select Index

ISIN

INF109KB1XT3

NSE Symbol & BSE Scrip ID

MIDCAPIWIN

BSE Scrip Code

539980

Pricing

Aprox. 1/100th of underlying Index

Application size - Directly with AMC

50,000 units & in multiple thereof

Application size through NSE & BSE

1 unit & in multiple thereof

Entry Load

Not Applicable

Exit Load

NIL

Authorized Participant

 

1. Edelweiss Securities Limited, Edelweiss House, Off C.S.T. Road, Kalina, Mumbai – 400098

 2. Nirpan Securities Private Limited, Plot 60B, East West Road No 2, JVPD Scheme, Vile Parle (East), Mumbai - 400049

 3. Parwati Capital Market Private Limited, 8 LYONS Range 1st floor Kolkata, West Bengal - 700001



Fund Manager

Kayzad Eghlim 

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