ICICI Prudential MF launches ICICI Prudential Nifty50 Value 20 Index Fund

ICICI Prudential Mutual Fund has launched ICICI Prudential Nifty50 Value 20 Index Fund, an open-ended index scheme replicating Nifty50 Value 20 Index. 

The scheme will invest in top 20 most liquid value blue chip companies listed on the NSE forming part of Nifty 50. 

Stocks in the underlying index will be selected on the basis of Return on Capital Employed (ROCE), Price Earnings Ratio (PE), Price to Book Value Ratio (PB) and Dividend Yield (DY).

In the press release, Chintan Haria, Principal- Investment Strategy, ICICI Prudential MF said, “In elevated market conditions, value investing as a style tends to do well. By investing in ICICI Prudential Nifty50 Value 20 Index Fund, an investor can get access to value companies from the Nifty 50 universe. Over a full market cycle the value strategy aims to deliver diversification, downside resilience and has the potential to outperform broader market indices.”