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ICICI Prudential Midcap 150 Index Fund NFO review: Should you invest?

Being an index scheme, investors do not get exposed to fund manager risk

December 03, 2021 / 08:12 PM IST

Over the last 18 months many investors have taken to small and mid- cap stocks or schemes investing in them. ICICI Prudential Midcap 150 Index Fund is coming out with a fresh offering. Should you invest in the NFO (new fund offer)?

What is on offer?

ICICI Prudential Midcap 150 Index Fund (IM150) aims to generate return in line with returns generated by the Nifty Midcap 150 (NM150). The fund manager will buy the constituent stocks in NM150 in the same proportion as they are in the index. The new fund offer opened today – December 3, 2021.

What works