What is an ICICI NFO?
An ICICI NFO is a period during which ICICI Prudential opens subscription to a newly launched scheme at an offer price, usually Rs 10 per unit. NFOs serve as gateways for investors to access fresh strategies before the fund’s portfolio evolves based on market realities. ICICI Prudential Investment Plan NFOs are available for a limited timeframe, after which these schemes become open for regular purchases and redemptions.
 
Recent ICICI Prudential NFOs
Below are the recent investment plans by ICICI Prudential up for NFO: 
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Objective:
To offer returns that closely correspond to the total return of the Nifty Midcap 150 Momentum 50 Index, subject to tracking errors. The fund passively tracks the index, which selects 50 high-momentum stocks from the Nifty Midcap 150 universe.
Features:
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Invests in midcap stocks with high price momentum
 
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Open-ended index fund structure
 
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Provides diversification within the midcap momentum theme
 
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Suitable for investors seeking an index-based midcap strategy
 
 
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Objective:
To closely follow and replicate the Nifty MidSmallcap 400 Index’s performance, representing a blend of midcap and small-cap companies.
Features:
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Invests across 400 mid and small cap stocks as per index weights
 
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Provides diversification beyond just large caps
 
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Passively managed to minimize tracking error
 
 
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Objective:
To provide investment returns that, before expenses, correspond to the total return of the Nifty MidSmallcap 400 Momentum Quality 100 Index. The index includes top 100 stocks from the parent index based on momentum and quality factors.
Features:
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Focuses on stocks with strong momentum and quality scores
 
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Index-based, rules-driven investment strategy
 
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Allows exposure to both mid and small cap segments
 
 
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Objective:
To generate superior long-term results by investing in companies that form part of the Nifty Smallcap 250 Momentum Quality 100 Index, which selects smallcap stocks with high momentum and quality characteristics.
Features:
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Passively tracks a smallcap momentum-quality index
 
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Diversified exposure within the smallcap category
 
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Suitable for growth-seeking investors comfortable with higher volatility
 
 
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Objective:
To generate long-term capital appreciation by investing in equity and related securities of companies benefiting from domestic consumption trends and allied sectors.
Features:
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Thematic focus on consumer, retail, automobile, media, pharma, etc.
 
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Blend of large, mid, and small caps
 
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Capitalizes on India’s growing consumption economy
 
 
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Objective:
Aims to generate long-term superior returns by investing in a diversified portfolio of companies likely to benefit from India's rising consumption and related themes.
Features:
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Pension-oriented variant of consumption theme
 
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Diversification across consumption-linked sectors
 
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Designed for long-term retirement planning
 
 
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Objective:
To replicate the Nifty Alpha 50 Index by investing in the same constituent stocks with the respective weights, thereby seeking to capture excess returns (alpha) over the broader market.
Features:
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Passively managed to mimic the Alpha 50 index
 
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Focused on high-alpha/market-outperforming shares
 
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Broad sector diversification within an alpha-oriented basket
 
 
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ICICI Flexi Cap Fund NFO
Objective:
To generate long-term capital appreciation by investing predominantly in equity and equity-related instruments across large cap, mid cap, and small cap stocks, without market cap restrictions.
Features:
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Fully flexible, dynamic allocation across all market cap segments
 
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Investment driven by valuation and market cycle outlook
 
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Suitable for investors seeking diversified, actively managed equity exposure
 
 
 
Why Invest in an ICICI Prudential NFO?
ICICI Prudential NFOs enable investors to participate in new market ideas, gain early access to thematic or factor-based investment strategies, and potentially enjoy long-term capital growth if the fund performs well. Early entry also means investors can be part of a scheme from its very beginning, tracking its journey from inception.