Stocks

ICICI Pru MF launches ETF on Nifty Alpha Low Volatility index

Our Bureau Mumbai | Updated on July 31, 2020 Published on July 31, 2020

ICICI Prudential Mutual Fund has launched ‘Alpha Low Vol 30 ETF’ an open ended index exchange traded fund, tracking Nifty Alpha Low-Volatility 30 Index.

The New Fund Offer will be open for învestment between August 3 and 10. The units of this ETF will be listed on NSE and BSE.

The new ETF of ICICI MF intends to counter the cyclical theory of single factor index structure strategy. .

Nimesh Shah, MD & CEO, ICICI Prudential AMC said the new ETF is based on a multifactor smart beta strategy that addresses high sector concentration of single factor based index strategies through diversification of factor-risk exposures and exhibiting lower performance swings.

Through this ETF, an investor gets access to smart beta strategy which is rule-based and cost-effective, he said.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on July 31, 2020
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.
Broker’s call: V-Guard (Buy)