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ICICI Prudential Mutual Fund has announced the launch of ICICI Prudential Alpha Low Vol 30 ETF FOF, an open-ended FOF investing in ICICI Prudential Alpha Low Vol 30 ETF. The New Fund Offer (NFO) opens on September 01 and closes on September 15. The benchmark for this FOF is Nifty Alpha Low Volatility 30 TRI. According to the fund house, through this FOF, investors can access a portfolio of stocks from various sectors, based on the top combination of alpha and low volatility. While investing through FOF, an investor without a Demat account too can invest in an ETF through lumpsum or SIP. “Multi-Style Factor based funds, also known as Smart Beta Strategy funds, are gaining popularity among investors globally for the synergies of benefits it has to offer in terms of enhanced diversification, reduced volatility, alpha generating opportunities, etc. ICICI Prudential Alpha Low Vol 30 ETF FOF provides investors exposure to a combination of alpha generation opportunities with reduced volati