Nasdaq 100 index may be a large-cap growth index and includes 100 of the highest domestic and international non-financial companies supported market capitalization.
ICICI prudential open-end fund has launched ICICI Prudential NASDAQ 100 mutual fund, an open-ended mutual fund replicating the NASDAQ-100 index. The fund allows Indian investment firm investors to diversify their domestic portfolios across US stocks.
Nasdaq 100 index could be a large-cap growth index and includes 100 of the highest domestic and international non-financial companies supported market capitalization.
A number of the highest US stocks included within the Nasdaq 100 are Facebook, Apple, Amazon, Google, and Netflix – popularly brought up because of the FAANG stocks. ICICI Prudential NASDAQ 100 open-end investment company NFO closes on October 11: Who should invest? By: Sunil Dhawan | Updated: October 05, 2021 5:24 PM. ICICI Pru investment company, NASDAQ 100 open-end investment company, shares, Amazon, Google, stock The NASDAQ 100 open-end fund is suitable for investors searching for geographical diversification in their equity allocation through index Funds.
ICICI Prudential investment firm has launched ICICI Prudential NASDAQ 100 open-end fund, an open-ended mutual fund replicating the NASDAQ-100 index. The fund allows Indian investment company investors to diversify their domestic portfolios across US stocks. Nasdaq 100 index could be a large-cap growth index and includes 100 of the highest domestic and international non-financial companies supported capitalization.
A number of the highest US stocks included within the Nasdaq 100 are Facebook, Apple, Amazon, Google, and Netflix – popularly brought up because of the FAANG stocks. NASDAQ 100 mutual fund, the NFO of which closes on October 11, 2021, aims to trace returns of the NASDAQ-100 Index, subject to tracking error.
Although the Nasdaq 100 is currently trading (14472) at near its all-time high level (15701), the exposure to the fund suits those that wish to diversify abroad with a long-term perspective. In 2020, Nasdaq 100 was up by 47 percent while YTD in 2021, the index is up by nearly 12 percent.
The Nasdaq 100 consists of companies across major industry groups, Industrials, goods, Health Care, Consumer Services, Telecommunications, Utilities, and Technology Noticeably, what it doesn’t include are the stocks of banks and financial companies, including investment companies.
As an Indian consumer of products and services of those firms, you’ll even invest within the growth story of those global blue-chip companies. By investing within the fund, investors can get access to global leading companies that maintain dominant positions within the market.
Markets around the globe perform differently annually, thus diversification to international markets may enable investors to earn better returns. Not only is that the US a developed country with mature markets and therefore the highest share in global equity markets (59%), the US is additionally a market that has investors with a chance to speculate in themes like cloud computing, e-commerce, computing, etc. which isn’t much available within the domestic markets.
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