Objective: The objective of the Scheme is to invest in companies whose securities are included in Nifty Auto Index and subject to tracking errors, to endeavor to achieve the returns of the above index. This would be done by investing in all the stocks comprising the Nifty Auto Index in the same weightage that they represent in Nifty Auto Index. However, there is no assurance or guarantee that the investment objective of the scheme shall be achieved.
ICICI Prudential Nifty Auto Index Fund Direct Growth is an Equity - Index Funds fund. The fund was launched inOct 11, 2022. Its risk level is . The NAV of the fund as onApr 28, 2025 is ₹17.84. Its expense ratio is 0.39 %. The fund has an AUM of ₹131.60 Cr.The fund is managed byKayzad Eghlim,Nishit Patel,Kewal Shah,Priya Sridhar,Ashwini Shinde.
The minimum initial investment is ₹1000 in Lumpsum mode.