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Monday, July 20, 2015

ICICI Prudential Value Fund – Series 8 Floats On

NFO period is from 20 July to 03 August 2015 

ICICI Prudential Mutual Fund has launched a new plan named as ICICI Prudential Value Fund – Series 8, a close ended equity scheme. The scheme will have tenure of 1100 days from the date of allotment of units. The face value of the new issue will be Rs 10 per unit. The new issue will be open for subscription from 20 July to 03 August 2015. 

The investment objective of the scheme is to provide capital appreciation by investing in a well diversified portfolio of stocks through fundamental analysis. 

The plan shall offer direct plan and regular plan with dividend payout option. 

The plan would invest 80% to 100% of assets in equity and equity related instruments with medium to high risk profile and invest upto 20% in debt, money market instruments and cash with low to medium risk profile. Investment in derivatives can be upto 50% of the Net Assets 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 (minimum target) amount of Rs 20 crore under the plan during the NFO period. 

The scheme is proposed to be listed on BSE Limited. 

Entry and exit load are not applicable. 
 
Benchmark Index for the plan is S&P BSE 500 Index. 

The fund managers of the scheme are Manish Gunwani, George Heber Jos.
 
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