Latest News | Business Briefs *ICICI Prudential MF Launches Midcap 150 Index Fund
Get latest articles and stories on Latest News at LatestLY. ICICI Prudential Mutual Fund has launched a scheme called Midcap 150 index fund, which will invest in the Nifty midcap 150 index.
Mumbai, Dec 3 (PTI) ICICI Prudential Mutual Fund has launched a scheme called Midcap 150 index fund, which will invest in the Nifty midcap 150 index.
The new fund, which opened Friday and closes on December 17, aims to provide returns that closely correspond to the total return of Nifty Midcap 150 index, subject to tracking errors.
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Nifty Midcap index has consistently outperformed Nifty 50 and Nifty smallcap 250 over the last decade. It has provided better returns than the Nifty 50 in seven of the last 10 calendar years.
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**** *PNB Housing appoints Amit Singh as HR head
PNB Housing Finance on Friday said it has appointed Amit Singh as the chief people officer.
He will lead the HR function, which includes learning & development and talent acquisition.
It also includes talent management and development, coaching, capability building, performance and reward strategy, the company said.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)