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ICICI Pru Nifty Auto Index Fund(G)-Direct Plan
Univest 8 hrs ago·20 Sept 2026, 12:58 am
ICICI Prudential has launched a direct plan of its Nifty Auto Index Fund, which seeks to mirror the performance of the Nifty Auto index that tracks major automobile manufacturers and related companies.
A direct plan allows investors to buy the fund straight from the asset manager, typically at a lower expense ratio than regular plans. This structure gives retail investors a cost‑effective way to gain sector exposure without having to select individual auto stocks, so the fund’s returns will largely follow the overall health of the auto industry.
Investors should keep an eye on the fund’s tracking error, inflows, and any shifts in the broader auto sector such as policy changes, vehicle demand trends, and earnings reports from key manufacturers. Changes to the fund’s expense ratio or size may also be worth watching.
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