MUTUAL FUNDS
ICICI Prudential Mutual Fund files offer document for Nifty Pharma ETF
May-18-2026
ICICI Prudential Mutual Fund has filed offer document with SEBI to launch an open-ended index Exchange Traded Fund named ‘ICICI Prudential Nifty Pharma ETF'. The New Fund Offer price will be Sale of Units at 1/1000th value of the Nifty Pharma closing Index as on the date  of allotment during the NFO. Entry load and Exit load will be nil. The Scheme does not offer any Plans/Options for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.

The performance will be benchmarked against Nifty Pharma TRI. The minimum application amount during NFO will be Rs 1000 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to provide returns before expenses that closely correspond to  the total return of the underlying index. 

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