New Fund Offer – ICICI Prudential Mutual Fund has come up with a new closed end fund offer with value oriented investment theme: ICICI Prudential Value Fund Series 12.
Details of ICICI Prudential MF Value Fund Series 12:
- NFO Open Date:March 27, 2017.
- NFO Close Date:April 10, 2017.
- Fund tenure:1360 Days.
- Options available:Dividend option only.Time to time scheme will distribute income generated to unit holders.There is no growth option available for investors.But investor can use DTP -Dividend Transfer Plan to switch dividend in any other open ended scheme of ICICI Prudential mutual fund.
As per AMC website,Fund may invest in 25-30 stocks which may benefit due to governments focus on infrastructure development across the country,initiatives such as smart cities,digitization and e-commerce which will receive substantial support in form of budgetary allocation and policy reforms.
Overall,Government set to make the infrastructure sector a key driver for Indian economy and this fund aims to invest in these stocks or sectors which are suitably positioned to benefit from the current economic scenario.
This fund will managed by S Naren who is CIO-Chief Investment Officer & George Joseph – a senior fund manager who is managing ICICI Pru Long Term Equity (Tax Saving),ICICI Pru Child care,ICICI Pru Multicap fund along with other closed ended schemes.
