Business and economics
← Back to Current Affairs
ICICI Prudential Mutual Fund launches ICICI Prudential Nifty Oil & Gas ETF
Published on 12 Jul 2024
- ICICI Prudential Mutual Fund has launched the ICICI Prudential Nifty Oil & Gas ETF, marking India's first exchange-traded fund focused specifically on the oil and gas sector.
- The ETF is designed to track the performance of the Nifty Oil & Gas TRI, an index that reflects the performance of listed companies in the oil and gas sector on the National Stock Exchange.
- The Nifty Oil & Gas Index includes up to 15 stocks, with rules ensuring no single company exceeds 33% of the index weight and the top three companies combined do not exceed 62%, providing balanced and diversified exposure for investors.
Discussion 0
No comments yet. Be the first to share your thoughts!
Please log in or register to join the discussion.