NFO for ‘ICICI Prudential Growth Fund’ to close on Oct 1
17/09/2014 11:31
ICICI Prudential Mutual Fund has launched a new close ended equity scheme named “ICICI Prudential Growth Fund- Series 3” with maturity period of 1278 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 today and will close on October 01. 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 option available under the Plan of the Scheme is Dividend Payout option. The performance of the scheme will be benchmarked against CNX Nifty Index. Manish Gunwani 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 & equity related instruments and debt, money market instruments & cash instruments. Hence, the scheme will allocate 80 to 100 per cent of asset in equity & equity related instruments and 0 to 20 per cent of asset in debt, money market instruments & cash instruments
17/09/2014 11:31
ICICI Prudential Mutual Fund has launched a new close ended equity scheme named “ICICI Prudential Growth Fund- Series 3” with maturity period of 1278 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 today and will close on October 01. 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 option available under the Plan of the Scheme is Dividend Payout option. The performance of the scheme will be benchmarked against CNX Nifty Index. Manish Gunwani 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 & equity related instruments and debt, money market instruments & cash instruments. Hence, the scheme will allocate 80 to 100 per cent of asset in equity & equity related instruments and 0 to 20 per cent of asset in debt, money market instruments & cash instruments
