Highlights:
- Provides exposure to leading companies forming part of healthcare sector
- Suitable for investors looking to gain exposure from overall healthcare segment
- Suitable for investors looking to gain exposure from overall healthcare segment
Mumbai, May 03, 2021: ICICI Prudential Mutual Fund has announced the launch of ICICI Prudential Healthcare ETF. The New Fund Offer (NFO) opens on May 06, 2021 and closes on May 14, 2021. The offering aims to provide returns that closely correspond to the returns provided by its benchmark Nifty Healthcare TRI Index in the same proportions, subject to tracking errors. The fund will be listed on NSE and BSE.
ICICI Prudential Healthcare ETF provides investors a choice to take exposure to multiple facets of healthcare through this product.
Speaking on the launch of the product, Mr Nimesh Shah, MD & CEO, ICICI Prudential AMC said, “ICICI Prudential Healthcare ETF provides exposure to a basket of securities in the healthcare sector. Given the rising health problems, lifestyle choices and outbreak of epidemics, the healthcare sector has a strong potential to grow steadily in the coming decade. Also, the need for better healthcare facilities will always be a constant need considering the large population of India. Therefore this sector provides a good scope of investment.”
Considering the growth drivers of the healthcare sector, ICICI Prudential Healthcare ETF provides investors with an opportunity to benefit from this growing segment in a cost effective manner through this ETF.
The Nifty Healthcare Index comprises of 20 fast growing Indian Healthcare companies. In terms of index constituents, Sun Pharmaceutical Industries, Dr Reddy’s Laboratories, Divi’s Laboratories, Cipla and Apollo Hospitals Enterprise form the top five names of the index. This index has outperformed Nifty 50 index in 6 out of the last 10 calendar years. (Source: www.nseindia.com, Data as of March 2021).
For further information, please contact: Adil Bakhshi - 91-9920010203 pr@icicipruamc.com
Riskometer & Disclaimers:
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Disclaimer of BSE Limited: It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the SID has been cleared or approved by BSE Limited nor does it certify the correctness or completeness of any of the contents of the SID. The investors are advised to refer to the SID for the full text of the Disclaimer clause of the BSE Limited.
Disclaimer of National Stock Exchange of India Limited: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or For further information, please contact: Adil Bakhshi - 91-9920010203 pr@icicipruamc.comconstrued that the Scheme Information Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Scheme Information Document. The investors are advised to refer to the Scheme Information Document for the full text of the 'Disclaimer Clause of NSE.
Disclaimer of NSE Indices Limited (NSE Indices): The Product(s) are not sponsored, endorsed, sold or promoted by NSE Indices Limited ("NSE Indices").NSE Indices does not make any representation or warranty, express or implied, to the owners of the Product(s) or any member of the public regarding the advisability of investing in securities generally or in the Product(s) particularly or the ability of the Nifty Healthcare Index to track general stock market performance in India. The relationship of NSE Indices to the Issuer is only in respect of the licensing of certain trademarks and trade names of its Index which is determined, composed and calculated by NSE Indices without regard to the Issuer or the Product(s). NSE Indices does not have any obligation to take the needs of the Issuer or the owners of the Product(s) into consideration in determining, composing or calculating the Nifty Healthcare Index. NSE Indices is not responsible for or has participated in the determination of the timing of, prices at, or quantities of the Product(s) to be issued or in the determination or calculation of the equation by which the Product(s) is to be converted into cash. NSE Indices has no obligation or liability in connection with the administration, marketing or trading of the Product(s). NSE indices do not guarantee the accuracy and/or the completeness of the Nifty Healthcare Index or any data included there in and they shall have no liability for any errors, omissions, or interruptions there in. NSE Indices does not make any warranty, express or implied, as to results to be obtained by the Issuer, owners of the product(s), or any other person or entity from the use of the Nifty Healthcare Index or any data included therein. NSE Indices makes no express or implied warranties, and expressly disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the index or any data included herein. Without limiting any of the foregoing, NSE Indices expressly disclaim any and all liability for any damages or losses arising out of or related to the Products, including any and all direct, special, punitive, indirect, or consequential damage (including lost profits), even if notified of the possibility of such damages
