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ICICI Prudential MF launches ICICI Prudential Growth Fund Series 2 NFO

Mutual Fund

by Advisorkhoj Team | Mutual Fund | 35 Downloaded

NFO Period: July 14, 2014 to July 28, 2014

Type of Scheme – A close ended equity scheme. The scheme portfolio would comprise of 40 – 60 stocks.

Tenure – 1286 days.

Why 1286 days or 3.5 years - The fund will mature 1 year prior to the term of the elected government. The objective of the government would be to get re-elected for another term. To have a stronger recall in the minds of voters, the government could target large deliveries in the last 1-2 years of the elected term. Market valuations could start reflecting current and on-going government efforts in the 2nd half of its elected term

Investment Objective - The investment objective of the Scheme is to provide capital appreciation by investing in a well-diversified portfolio of equity and equity related securities. However, there can be no assurance that the investment objective of the Scheme will be realised.

Options – Regular Plan – Dividend payout option and Direct Plan - Dividend payout option

Benchmark for performance comparison – CNX NIFTY INDEX

Fund Manager – Mr. Yogesh Bhatt and Mr. Vinay Sharma

Fund suitability - The Scheme is suitable for investors who are seeking long term wealth creation.

Minimum Investment Amount – Rs. 5,000 (plus in multiples of Rs.10)

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