Business Description
This India-based exchange traded fund, established in June 2016 and jointly backed by ICICI Bank and Prudential plc, tracks the S&P BSE Midcap Select Index by holding its constituent stocks in proportion to their index weights. Managed by ICICI Prudential Asset Management Company Limited, it focuses on mid-sized Indian businesses with a market value of at least INR 20 billion, spread across a range of industries.
