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ICICI Prudential AMC launches NFO of ICICI Prudential Dividend Yield Equity Fund

Mutual Fund

by Advisorkhoj Team | Mutual Fund | 57 Downloaded
ICICI Prudential Mutual Fund

ICICI Prudential Dividend Yield Equity Fund is an Open ended Equity scheme that aims to invest in profitable companies with attractive dividend yields# and can be a good investment option in every market condition.

#Attractive Dividend yield means Dividend Yield greater than Dividend Yield of CNX Nifty Index.

The fund aims to:

  • Invest at least 80% of assets in companies that have dividend yield greater than the dividend yield of CNX Nifty Index (last released /published by NSE), at the time of investment.

  • Identify high dividend stocks within the framework of valuations and fundamentals.

  • Invest in high-quality companies with proven records of paying and growing dividends.

  • Invest across market caps

This product is suitable for investors who are seeking*:

  • Long term wealth creation solution

  • An open ended equity fund that aims for growth by primarily investing in equity and equity related instruments, which offer attractive dividend yield.

  • High Risk.Brown(BROWN)

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

In a press release, Nimesh Shah, Managing Director and Chief Executive Officer, ICICI Prudential MF, said, "Companies with a good track record of paying high dividends yield are seen as better investment options. Investing in such companies is also one of value investing strategy. In a bull market, such companies could add to the overall capital appreciation and improve gains. In a bear or volatile market, they could compensate for the limited scope of capital appreciation. Hence, a high dividend stock could find favour in any market conditions."

NFO Period: 25th April 2014 to 9th May 2014

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