ICICI Prudential Nifty50 Equal Weight Index Fund



ICICI Prudential Mutual Fund has announced the launch of ICICI Prudential Nifty50 Equal Weight Index Fund. The scheme will invest in the constituents of the Nifty50 Equal Weight Index. *The NFO opens on September 14, 2022, and closes on September 28, 2022.*

Highlights:
ICICI Prudential Nifty 50 Equal Weight Index Fund invests in constituents of Nifty50 Equal Weight Index 
As compared to the Nifty 50 index, an equal weight index is less concentrated in terms of the top 5 sectors
An equal weight index has empirically higher dividend yield as compared to a market capitalization weighted index as it allocates funds equally to its components
Nifty50 Equal Weight Index has grown at 14.15% annually since the beginning of 2005

Nifty50 Equal Weight Index has grown at 14.15% annually since the beginning of 2005. Nifty50 Equal Weight Index has outperformed the Nifty 50 Index in 5 out of the last 10 calendar years.


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