ICICI Prudential MF launches “ICICI Prudential Value Fund -
Series 5”; NFO to close on September 02
26/08/2014 10:50
ICICI Prudential Mutual Fund has launched a new close ended equity scheme named “ICICI Prudential Value Fund - Series 5” with maturity period of 1217 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on August 22 and will close on September 02. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the Plan of the Scheme are Cumulative and Dividend option. The performance of the scheme will be benchmarked against S&P BSE 500 Index. Mrinal Singh, Atul Patel and Ashwin Jain will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to provide capital appreciation will be met by investing in a portfolio of equity and equity related instruments and debt, money market instruments and cash. Hence, the scheme will allocate 80 to 100 per cent of asset in equity and equity related instruments and 0 to 20 per cent of asset in debt, money market instruments and cash.
26/08/2014 10:50
ICICI Prudential Mutual Fund has launched a new close ended equity scheme named “ICICI Prudential Value Fund - Series 5” with maturity period of 1217 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on August 22 and will close on September 02. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the Plan of the Scheme are Cumulative and Dividend option. The performance of the scheme will be benchmarked against S&P BSE 500 Index. Mrinal Singh, Atul Patel and Ashwin Jain will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to provide capital appreciation will be met by investing in a portfolio of equity and equity related instruments and debt, money market instruments and cash. Hence, the scheme will allocate 80 to 100 per cent of asset in equity and equity related instruments and 0 to 20 per cent of asset in debt, money market instruments and cash.
