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Tuesday, December 02, 2014

ICICI Prudential Growth Fund – Series 5 Floats On

NFO period is from 01 December to 15 December 2014 

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Growth Fund – Series 5, a close ended equity scheme. The tenure of the scheme is 1279 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue opens for subscription from 01 December to 15 December 2014. 

The investment objective of the Scheme is to provide capital appreciation by investing in a well diversified portfolio of equity and equity related securities. 

The plan offers direct plan and regular plan with dividend payout option. 

The scheme will invest 80%-100% of its assets in equity & equity related instruments with medium to high risk profile and invest upto 20% of assets in debt, money market instruments and cash with low to medium risk profile. Investment in securitized debt can be upto 50% of debt allocation of the scheme. 

The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. 

The fund seeks to collect a minimum subscription amount of Rs 20 crore under the scheme during the NFO period. 

The scheme is proposed to be listed on BSE. 

Entry load and exit load charge are not applicable for the scheme. 

Benchmark Index for the scheme is CNX Nifty Index. 

The fund managers of the scheme are Vinay Sharma and Yogesh Bhatt. The investments under ADRs / GDRs and other foreign securities will be managed by Shalya Shah. 
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