ICICI Prudential Mutual Fund announces the launch of the ICICI Prudential Nifty200 Quality 30 Index Fund, an open - ended index scheme replicating Nifty200 Quality 30 Index. This strategy is built on the ‘Quality’ factor, one of the foundational pillars of factor investing, which emphasises investing in financially sound businesses with strong fundamentals.

The new fund offer or NFO of the scheme is open for subscription and will close on June 4.

Factor investing in general targets key performance drivers such as quality, momentum, low volatility, value, and size to optimise returns while managing risk. This new scheme aims to provide investors with access to a curated portfolio of 30 companies from the Nifty 200 universe that scores high on key quality parameters, including return on equity, a low debt-to-equity ratio, and stable earnings growth.

Through this product, we aim to offer investors a scheme that brings together the core principles of quality investing resilience, efficiency, and relative stability. This scheme is suitable for those looking to build long-term wealth using a transparent, rule-based approach that has historically performed well during market downturns, said Abhijit Shah, Chief Marketing and Digital Business Officer at ICICI Prudential AMC.