In line with the press launch, ICICI Prudential FMCG ETF gives traders with a option to take publicity to a number of sides of the FMCG sector. The NIFTY FMCG Index contains 15 shares from the FMCG sector listed on the Nationwide Inventory Trade (NSE). This index has outperformed the Nifty 50 index in 8 out of the final 11 calendar years.
“ICICI Prudential FMCG ETF gives publicity to a basket of securities within the FMCG sector. Larger inclination in direction of branded merchandise, rising buying energy owing to increased disposable earnings, elevated digitization and rising demand from rural areas, are anticipated to gasoline the FMCG sector progress in India. One can say that this sector roughly accounts for greater than half of shopper spending,” stated Nimesh Shah, MD & CEO, ICICI Prudential AMC.