ICICI Prudential Nifty Financial Services Ex-Bank ETF , an open-ended exchange-traded fund

ICICI Prudential Mutual Fund has announced the launch of *ICICI Prudential Nifty Financial Services Ex-Bank ETF* , an open-ended exchange-traded fund tracking the Nifty Financial Services Ex-Bank Index

. The scheme is designed to reflect the behaviour and performance of the top 30 companies of the Financial Services Sector except for banks, based on free-float market capitalization from the Nifty 500 Index.

NFO opens on November 16, 2022, and closes on November 25, 2022

The Nifty Financial Services Ex-Bank index has outperformed both the Nifty 50 index and the Nifty Bank index over the last 10 years

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