Publish Date:
ICICI Prudential Mutual Fund (MF) has launched an open ended equity scheme - ICICI Prudential Flexicap Fund.
It is an open-ended dynamic equity scheme investing across large cap, mid cap & small cap stocks.
Accordingly, the investment objective of the scheme is to generate long-term capital appreciation by investing predominately in equity & equity related instruments across market capitalization. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Under normal circumstances, 65% to 100% of the funds portfolio will be invested in equity & equity related instruments of largecap, midcap and smallcap companies. It can invest 0% to 35% of its assets in Other Equity & Equity related Instruments.
The scheme may also invest upto 35% of its assets in Debt instruments, Units of Debt Mutual Fund schemes and Money market instruments, upto 10% in Preference Shares, and upto 10% of its net assets in Units issued by REITs and InvITs.
The Equity investment strategy of ICICI Prudential Flexicap Fund as mentioned in the Scheme Information Document (SID) is as follows:
The Scheme shall predominately invest in equity & equity related securities across market capitalisation. Stock specific risk will be minimized by investing only in those companies that have been thoroughly analyzed by the Investment team at the AMC.
The following are the broad parameters/factors that shall be considered while building the portfolio of companies.
a) business and economic fundamentals driven by in-depth research techniques
b) employing strong stock selection
c) liquidity/risk considerations
d) long term growth prospects
e) valuation parameters
The scheme may also invest in other equity and equity related securities.
ICICI Prudential Flexicap Fund’s performance will be benchmarked against S&P BSE 500 TRI (Total Return Index).
ICICI Prudential Flexicap Fund will be managed by Mr Rajat Chandak and Ms Priyanka Khandelwal.
The NFO opens for subscription on June 28, 2021 and closes on July 12, 2021. The scheme will reopen for continuous sale and repurchase within 5 business days from the date of allotment.
The fund’s NAV is priced at Rs 10 per unit during the NFO period. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.
The fund offers Regular Plan and Direct Plan having Growth Option and Income Distribution cum Capital Withdrawal Option (Re-investment and Pay-out facility).