ICICI Prudential Mutual Fund has announced that consequent to the
resignation of Mr. Prashant Poddar – Fund Manager, ICICI Prudential
Banking & Financial Services Fund shall be managed by Prashant
Kothari and ICICI Prudential Income Multiplier Fund – Equity Portion,
ICICI Prudential Monthly Income Plan - Equity Portion shall be managed
by Mrinal Singh.
Prashant Kothari holds B.Tech (Chem.) from IIT-Mumbai, PGDM
(IIM-Ahmedabad). He has 6 years of experience as Equity Analyst and
Fund Manager. Mrinal Singh holds BE (Mech), PGDM (SP JIMR – Mumbai).
Mrinal Singh has overall 7 experience of which 1 year as Equity
Analyst.
-ICICI Prudential Banking & Financial Services Fund is an
open ended equity scheme that seeks to generate long-term capital
appreciation to unitholders from a portfolio that is invested
predominantly in equity and equity related securities of companies
engaged in banking and financial services.
-ICICI Prudential Income Multiplier Fund is an open ended debt
fund which invests upto 30% in equity with the investment objective to
generate long-term capital appreciation from a portfolio that is
invested predominantly in debt and money market securities and balance
in equity and equity related securities.
-ICICI Prudential Monthly Income Plan is an open ended fund with
the investment objective to generate regular income through investments
in fixed income securities so as to make monthly / quarterly /
half-yearly dividend distribution to unitholders seeking dividend
option.
