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Invest in Midcap Select IWIN Exchange Traded Fund (ETF) by ICICI Prudential Mutual Fund

ICICI Prudential Midcap Select iWIN ETF

Discover the potential of emerging corporates.

Schemes - ICICI Prudential Midcap Select iWIN ETF

  • Real Time NAV

  • Closing NAV

     

Investment Philosophy

  • The scheme is passively managed, its portfolio closely maps the S&P BSE Midcap Select Index.
  • This scheme aims to replicate the S&P BSE MidCap Select Index by buying the same stocks in the same proportion as they are in the index.

Key Features

  • The scheme tracks the S&P BSE MidCap Select index, which is a rules-based index designed to measure the performance of the 30 largest, most liquid companies within the S&P BSE MidCap Index.
  • The Index uses a methodology to select those mid-sized companies that have the potential to grow over the long term.

Key Benefits

  • Low Cost:You can buy even one unit of the scheme at the prevailing market price on the exchange.
  • Low Fee: The scheme charges lower expense ratios as compared with actively managed schemes
  • Diversification: Investing in the scheme can help you diversify your portfolio across stocks of select mid-sized companies with potential to perform well over the long term.

Who should invest?

  • Investors looking to invest in mid-cap stocks in a cost- and tax-efficient manner*.
  • Investors aiming for liquidity or the capability to convert their investment into cash easily.
  • Investors seeking to create wealth over the long term.
  • *As per prevailing tax laws, no tax is charged on capital gains made on long-term investments held in equity mutual fund schemes. Units held for more than 12 months as capital assets in an equity mutual fund scheme qualify as long-term investment. On the other hand, units held for 12 months or less as capital assets qualify as short-term investment and are charged 15% tax. Surcharge and cess are also applicable as per the provisions of the prevailing tax laws. Investors are advised to consult their own legal, tax and financial advisors to determine possible tax, legal and other financial implication or consequence of subscribing to any investment.

Scheme 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/MIDCAPIWIN
Pricing Approx. 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. NIRSHILP COMMODITIES & TRADING PVT LTD, 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 - Managing this fund since July 2016 and overall 26 years of experience

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