The codes will now be a combination of the name of the fund and the suffix 'IETF'
FinTech BizNews Service
Mumbai, December 21, 2023: ICICI Prudential Mutual Fund (the Fund) announces a change in its ETF product symbols on BSE and NSE, so that investors can identify the ETF Schemes of the fund with ease. The codes will now be a combination of the name of the fund and the suffix ‘IETF’. IETF stands for ICICI Prudential ETF. For example, ICICILIQ will now be LIQUIDIETF, ICICINIFTY will be NIFTYIETF, and so on. In total, the symbols of 28 ETFs of the Fund will be revised on both the Exchanges. This change is effective from Wednesday.
Speaking on the development, Mr Chintan Haria, Principal- Investment Strategy, ICICI Prudential AMC, said, “In line with our constant quest for making things better and smoother for our customers, we have changed the ETF product symbols to further simplify the identification of ETF Schemes for passive investment purposes. Product identification can sometimes be confusing for investors. Starting the ETF Schemes name followed by the suffix ‘IETF’, we believe will make the selection more convenient”.
The Fund has multiple ETF offerings diversified across market capitalisations, sectors, commodities, debt, and smart beta offerings.
