ICICI Prudential Mutual Fund has filed offer document with SEBI to launch an open-ended index Exchange Traded Fund named ‘ICICI Prudential BSE Power ETF‘. The New Fund Offer price will be Sale of Units at 1/100th value of the BSE Power closing Index as on the date of allotment for applications received during the NFO. Entry load and Exit load will be nil. The Scheme does not offer any Plans/Options for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.The performance will be benchmarked against BSE Power TRI. The minimum application amount during NFO will be Rs 1000 and in multiples of Re 1 thereafter.The investment objective of the scheme is to provide returns before expenses that closely correspond to the total return of the underlying index.