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ICICI Prudential MF has added one more fund to its passives offerings through the launch of ICICI Prudential Nifty 200 Quality 30 ETF.
The NFO aims to replicate the Nifty 200 Quality 30 Index and will take exposure to companies having higher profitability, lower leverage and more stable earnings.
Sharing his views on the launch, Chintan Haria, Head Investment Strategy, ICICI Prudential MF said, “ICICI Prudential Nifty 200 Quality 30 ETF is a smart beta offering based on quality as a factor. The offering provides investors with an opportunity to diversify equity investments across various sectors and in companies having strong cash flows.”
He further said, “The index has historically provided better dividend yield than Nifty 200 TRI and Nifty 50 TRI.”
ICICI Prudential Nifty 200 Quality 30 ETF is open for subscription from July 21, 2023 to August 4, 2023.
