Moneycontrol
Aug 11, 2017 11:43 AM IST | Source: Moneycontrol.com

ICICI Prudential MF seeks SEBI nod for liquid exchange traded fund

The open-ended liquid exchange-traded fund will invest its entire corpus in securities forming part of the underlying index--S&P BSE Liquid Rate Index

Himadri Buch @himadribuch

ICICI Prudential Mutual Fund has sought the Securities and Exchange Board of India's approval for launching ICICI Prudential Liquid iWIN ETF, according to a draft offer document on the regulator's website.

The open-ended liquid exchange-traded fund will invest its entire corpus in securities forming part of the underlying index--S&P BSE Liquid Rate Index.

Other features:
Option: Dividend
Minimum application: 5,000 rupees and in multiples of 1 rupee
thereafter
Performance benchmark: S&P BSE Liquid Rate Index
Exit Load: Nil

Fund manager: Rohan Maru

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