ICICI Prudential Mutual Fund has come up with New Fund Offer – ICICI Prudential Value Fund Series-9 with an objective to provide capital appreciation by investing in well diversified portfolio through fundamental analysis.
Details of NFO – ICICI Prudential Value Fund Series-9 are as follows:
1. NFO Open date:Oct 15, 2016.
2.NFO Close date:Oct 28,2016.
3.Type of Fund:Close ended.Means premature exit is not possible through this fund.
4.Fund Tenure:1099 Days.
5.Minimum investment: Rs.5000.
6.Benchmark:S&P BSE 500.
7.Options: Unlike to previous NFOs where only dividend option was available,both Growth and dividend options are available for this NFO.
Fund will be managed by managers who are managing other closed ended value funds as well other top schemes.As name suggests,fund will choose the stocks which are available at fair valuations.Chances are quite high that investment will be predominantly in Small Cap stocks which is considered as most volatile class.So suggestion is to check risk profile from your adviser before investing in this fund.
Disclaimer: Information provided on this blog is for informational purpose only.It should not be considered as an investment advice.
