ICICI Pru MF: Change in creation unit sizes

Feb 04, 2020
 

ICICI Prudential Mutual Fund has announced the following change in creation unit sizes of the below mentioned schemes, with effect from 03 February 2020.

ICICI Prudential Midcap Select ETF:

  • Existing Creation of Unit Size: 50000 Units
  • Revised Creation of Unit Size: 25000 Units

ICICI Prudential Nifty ETF:

  • Existing Creation of Unit Size: 50000 Units
  • Revised Creation of Unit Size: 25000 Units

ICICI Prudential NV20 ETF:

  • Existing Creation of Unit Size: 25000 Units
  • Revised Creation of Unit Size: 12500 Units

ICICI Prudential Sensex ETF:

  • Existing Creation of Unit Size: 10000 Units
  • Revised Creation of Unit Size: 5000 Units

ICICI Prudential Private Banks ETF:

  • Existing Creation of Unit Size: 15000 Units
  • Revised Creation of Unit Size: 7500 Units

ICICI Prudential Bank ETF:

  • Existing Creation of Unit Size: 10000 Units
  • Revised Creation of Unit Size: 5000 Units

ICICI Prudential Nifty Next 50 ETF:

  • Existing Creation of Unit Size: 100000 Units
  • Revised Creation of Unit Size: 50000 Units

ICICI Prudential S&P BSE 500 ETF:

  • Existing Creation of Unit Size: 220000 Units
  • Revised Creation of Unit Size: 110000 Units
Add a Comment
Please login or register to post a comment.
Ravi Samalad
Feb 25 2020 07:52 PM 		Hi Prakash,

Fund houses deal with authorised participants, who are usually called market makers, or any other large financial institution, for maintaining and creating ETF shares. Authorised participants buy shares that the ETF wants to hold. For instance, if an ETF is designed to track the BSE 200 Index, the AP will buy shares in all the BSE 200 constituents in the exact same weights as the index, then deliver those shares to the fund house. In exchange, the fund house gives the authorised participant a block of equally valued ETF shares, which are called a creation unit. These unit are usually formed in blocks of 50,000 units.

Trust this anwers your query.

Regards
Ravi Samalad
Morningstar Editorial
Prakash Patel
Feb 23 2020 05:17 PM 		What does this revised creation of unit size mean?
<< First < Previous 1 Next > Last >> 
Recent from this Author
18 rules for ageing well
Why I’m Reimagining my Retirement
Avoid diversification at your peril
Risks of investing in PPF
Remembering Charlie Munger
Related Articles
NFO: IDFC Midcap Fund
NFO: Baroda BNP Paribas Flexi Cap Fund
NFO: HDFC NIFTY Next 50 ETF & HDFC NIFTY 100 ETF
NFO: Quant Large Cap Fund
NFO: Quantum Nifty 50 ETF Fund of Fund
STOCKS
MUTUAL FUNDS
ADITYABIRLAAXISBajajBANDHANBARODABNPBOICANARADSPEDELWEISSFRANKLINTEMPLETONHDFCHELIOSHSBCICICIIIFLINDIABULLSINVESCOITIJMKOTAKLICMahindraManulifeMIRAEMOTILALNAVINipponNJOldBridgePGIMPPFASQUANTQUANTUMSAMCOSBISHRIRAMSUNDARAMTATATAURUSTrustUNIONUTIWhiteOakZERODHA
INSURANCE FUNDS
ABSLAEGONAGEASFEDERALAVIVABAJAJALLIANZBHARTIAXACANARAHSBCORIENTBANKEDELWEISSTOKIOEXIDEFUTUREGENERALIHDFCICICIPRUDENTIALINDIAFIRSTKOTAKMAHINDRALICMAXLIFEPNBMETLIFEPRAMERICARELIANCENIPPONSAHARASBISHRIRAMSTARUNIONDAI-ICHITATAAIA

About Us

Connect With Us

© Copyright 2024 Morningstar, Inc. All rights reserved.
Terms of Use    Privacy Policy
© Copyright 2024 Morningstar, Inc. All rights reserved. Please read our Terms of Use above. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
As of December 1st, 2023, the ESG-related information, methodologies, tools, ratings, data and opinions contained or reflected herein are not directed to or intended for use or distribution to India-based clients or users and their distribution to Indian resident individuals or entities is not permitted, and Morningstar/Sustainalytics accepts no responsibility or liability whatsoever for the actions of third parties in this respect.
Company: Morningstar India Private Limited; Regd. Office: 9th floor, Platinum Technopark, Plot No. 17/18, Sector 30A, Vashi, Navi Mumbai – 400705, Maharashtra, India; CIN: U72300MH2004PTC245103; Telephone No.: +91-22-61217100; Fax No.: +91-22-61217200; Contact: Morningstar India Help Desk (e-mail: helpdesk.in@morningstar.com) in case of queries or grievances.
Top