ICICI Prudential Mutual Fund files papers with SEBI for close-ended scheme
Under the close-ended equity scheme,each series will have tenure of 1 year to 5 years
ICICI Prudential Mutual Fund has filed offer document with the Securities and Exchange Board of India seeking approval to launch ICICI Prudential Value Fund-Series 17, according to the information on SEBI.
Under the close-ended equity scheme,each series 17-20 will have tenure of 1 year to 5 years, respectively.
The scheme will invest at least 80 percent of its corpus in equity and equity-related securities, while investments in debt and money market instruments will be capped at 20 percent.
Options: Growth and dividend
Minimum Application Amount: Rs.5000 and in multiples of Rs 10 thereafter
Benchmark: S&P BSE 500 IndexFund Manager: Sankaran Naren, Executive Director and Chief Investment Officer