ICICI Pru MidSmallCap 400 Momentum Quality 100 Index Fund
ICICI Pru MidSmallCap 400 Momentum Quality 100 Index Fund is a New Fund Offering (NFO) by ICICI Pru. The fund aims to replicate the performance of the NIFTY MidSmallCap 400 Momentum Quality 100 Index. This index tracks the performance of 100 large and mid-cap stocks selected from the Nifty MidSmallCap 400 index based on a combination of momentum and quality factors.
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Plans starting from₹1000/month
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Investment Plans
Generate wealthEarn 1 Cr# in maturity with Zero LTCG tax¶
Double tax savings^On premiums (under 80C) and on maturity (under 10(10D))
ICICI Pru MidSmallCap 400 Momentum Quality 100 Index Fund
NFO Period: The NFO for this fund will be open from November 18th to November 30th, 2024.
What is the ICICI Pru MidSmallCap 400 Momentum Quality 100 Index Fund?
The ICICI Pru MidSmallCap 400 Momentum Quality 100 Index Fund is an exciting New Fund Offering (NFO) from ICICI Prudential, designed for investors seeking a blend of momentum and quality within their mid and small-cap investments. This fund aims to mirror the performance of the NIFTY MidSmallCap 400 Momentum Quality 100 Index, which selects 100 stocks from the Nifty MidSmallCap 400 index based on specific momentum and quality factors. This selection criteria adds an extra layer of reliability to the high-growth potential typically seen in mid- and small-cap stocks.
The NFO period for this fund runs from November 18th to November 30th, 2024, giving investors a limited window to invest at the initial offer price. This fund is ideal for those looking to capitalize on market momentum while balancing it with quality-focused selection, making it an excellent choice for both long-term growth and diversified portfolio strategies.
Highlights of ICICI Pru MidSmallCap 400 Momentum Quality 100 Index Fund
Particulars
Details
Benchmark Index
MidSmallCap 400 Momentum Quality 100 Index
Benchmark Index Returns
10-Year Returns: 22.5% p.a.
Risk Profile
High
NFO Launch Date
18th November 2024
NFO Duration
18th to 30th November 2024
Current NAV
₹10
Minimum Investment
₹2,400 per month
Reasons Why You Should Invest in the ICICI Pru MidSmallCap 400 Momentum Quality 100 Index Fund
Here are some reasons to consider investing in ICICI Pru MidSmallCap 400 Momentum Quality 100 Index Fund:
Strong Historical Performance
This index fund has delivered an impressive 22.5% return over the past decade, showcasing its growth potential.
Proven Success of ICICI Prudential's Funds
ICICI Prudential’s previous New Fund Offerings (NFOs) have consistently delivered superior returns. This fund aligns with the company’s track record of high-performing investment options, making it a strong choice for long-term investors.
Backed by a Trusted Brand
ICICI Prudential, a trusted name in the life insurance industry with an AUM of Rs. 3.2 lakh crore (as of September 30, 2024), offers the assurance of reliability and experience. With a robust financial foundation, ICICI Prudential brings a sense of stability to this investment.
Affordable, Low-Cost ULIP Option – Signature
This fund’s ULIP (Unit Linked Insurance Plan) structure is enhanced by ICICI Pru’s Signature plan, which has zero premium allocation charges, return of mortality charges, and return of premium allocation charges, making it a cost-effective option for investors.
Triple Benefit Feature
Plans offered under this fund provide a Triple Benefit feature that offers added flexibility and security, a significant advantage for investors seeking long-term value and adaptability in their financial planning.
What is the NIFTY MidSmall 400 Momentum Quality 100 Index?
The Nifty MidSmall 400 Momentum Quality 100 Index is a stock market index that tracks the performance of 100 large and mid-cap stocks selected from the Nifty MidSmallCap 400 index. These stocks are chosen based on a combination of momentum and quality factors.
Momentum: The momentum score for each company is determined based on its 6-month and 12-month price return, adjusted for volatility.
Quality: The quality score for each company is determined based on return on equity (ROE), financial leverage (Debt/Equity Ratio) and earning (EPS) growth variability analyzed during the previous 5 years.
This index is designed to provide investors with exposure to a diversified portfolio of mid-cap and small-cap stocks with strong momentum and quality characteristics.
NIFTY MidSmall 400 Momentum Quality 100 Index With Other Indices
Index Name
3-Year Return
5-Year Return
10-Year Return
NIFTY MidSmallCap 400 Momentum Quality 100
23.5%
33.6%
22.5%
NIFTY MidSmallCap 400
21.1%
28.9%
18.1%
NIFTY 50
11.0%
16.3%
12.4%
NIFTY Midcap 150
20.7%
28.2%
18.9%
NIFTY Smallcap 250
21.6%
30.3%
16.3%
Sector Representation of the NIFTY MidSmall 400 Momentum Quality 100 Index
Top Sectors
Weightage of Invested Assets
Capital Goods
25.88%
Financial Services
12.15%
Information Technology
9.89%
Healthcare
8.19%
Consumer Durables
7.35%
Oil, Gas & Consumable Fuels
6.11%
Metals & Mining
6.03%
Construction
4.88%
Chemicals
4.82%
Power
3.83%
Automobile and Auto Components
3.09%
Services
2.23%
Fast Moving Consumer Goods
2.13%
Realty
1.32%
Consumer Services
0.82%
Telecommunication
0.79%
Media, Entertainment & Publication
0.48%
[Source: nseindia.com] Data updated as of November 12, 2024.
Companies of NIFTY MidSmall 400 Momentum Quality 100 Index
How to Buy ICICI Pru MidSmallCap 400 Momentum Quality 100 Index Fund from Policybazaar?
To buy the ICICI Pru MidSmallCap 400 Momentum Quality 100 Index Fund from Policybazaar, follow these steps:
Step 1: Fill in your name and contact number in the form on this page to get started.
Note: Your details are kept confidential and will only be used to customize your benefits.
Step 2: You can also visit the plans just by clicking view plans below
Step 3: Once logged in, you'll be prompted to fill in your city, age, and annual income in the provided form. This information will be used to check the personalised benefits of the plans.
Step 4: After providing your personal information, you'll be presented with ICICI Pru Investment Plans on a blue and red card. Select the ICICI Pru MidSmallCap 400 Momentum Quality 100 Index Fund option that best suits your needs from the following options:
Ipru Signature
Ipru Signature Assure
Ipru Signature - Ezy Grow & Signature
Step 5: In the ICICI Pru MidSmallCap 400 Momentum Quality 100 Index Fund, click the "Get Details" tab for more information.
You can also get FREE expert consultation; just click on the talk to an expert button.
Step 6: Review the details of the plan carefully. Once satisfied, click on the "Proceed" button and follow the prompts on the screen to move forward with the purchase.
Step 7: You will be prompted to enter essential details and specify the amount you want to invest. Select the preferred mode of payment for your investment.
Step 8: Provide your required KYC (Know Your Customer) details. This step is essential for regulatory compliance.
Step 9: Complete the payment process. Upon successful payment, you will receive confirmation of your purchase.
What are the Benefits of Purchasing the ICICI Pru MidSmallCap 400 Momentum Quality 100 Index Fund From Policybazaar?
Investing through Policybazaar offers a range of valuable benefits:
Convenience: Invest online in the ICICI Pru MidSmallCap 400 Momentum Quality 100 Index Fund via Policybazaar to avoid physical bank or agent visits.
Comparison: Compare multiple investment plans, including new funds, to make informed decisions and find the best market deals.
Expert Guidance: Access financial experts who help select the right NFO plan based on your needs and goals.
Tax Benefits: Maximize tax advantages under Section 80C and Section 10(10D) of the Income Tax Act through investments with Policybazaar.
FAQs
What are the tax benefits under the ICICI Pru MidSmallCap 400 Momentum Quality 100 Index Fund?
You can avail of the following tax benefits of investing in the ICICI Pru MidSmallCap 400 Momentum Quality 100 Index Fund:
Section 80C: You can claim tax benefits under Section 80C of the Income Tax Act, 1961. It allows a deduction of up to ₹1.5 lakhs from taxable income for the invested amount in ICICI Pru.
Section 10(10D): You can utilize Section 10(10D) benefits for your investments in ICICI Pru New Fund Offering (NFO). This benefit is applicable if the annual premium paid is below ₹ 2.5 lakh.
What is the investment objective of the ICICI Pru MidSmallCap 400 Momentum Quality 100 Index Fund?
The ICICI Pru MidSmallCap 400 Momentum Quality 100 Index Fund aims to replicate the performance of the Nifty MidSmallCap 400 Momentum Quality 100 Index. The fund seeks to invest in a diversified portfolio of mid-cap and small-cap stocks selected based on their momentum and quality scores. The fund's objective is to provide investors with long-term capital appreciation by investing in stocks with strong growth potential.
What is the minimum investment amount required to invest in ICICI Pru MidSmallCap 400 Momentum Quality 100 Index Fund?
The minimum investment amount is ₹ 2,400 per month. However, this may vary depending on the investment plan you choose.
How are stocks selected for the MidSmallCap 400 Momentum Quality 100 Index?
Stocks are selected based on a combination of momentum and quality factors, including price return, ROE, debt-to-equity ratio, and EPS growth variability.
What is the MidSmallCap 400 Momentum Quality 100 Index performance history?
Index Returns (%)
QTD
YTD
1 year
5 years
Since Inception
Price Returns
-6.08
25.12
49.01
28.55
22.26
Total Returns
-6.07
26.11
50.49
29.82
23.85
# QTD, YTD and 1-year returns are absolute returns. Returns for greater than one year are CAGR returns
Who should invest in the ICICI Pru MidSmallCap 400 Momentum Quality 100 Index?
The ICICI Pru MidSmallCap 400 Momentum Quality 100 Index is best for investors who:
Seek higher returns: Mid and small-caps often outperform large-caps.
Can tolerate higher risk: Mid and small-caps are more volatile.
Have a long-term view: Time in the market is key to ride out volatility.
Want diversification: The index spreads risk across many stocks.
Prefer passive investing: Index funds require minimal management.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in *Past 10 Year annualised returns as on 01-12-2024 *All savings plans are provided by the insurer as per the IRDAI approved insurance plan.
Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs. **Returns are based on past 10 years' fund performance data (Fund Data Source: Value Research).
Generate wealthEarn 1 Cr# in maturity with Zero LTCG tax¶
Double tax savings^On premiums (under 80C) and on maturity (under 10(10D))
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