ICICI Prudential AMC has launched a new fund offer for ICICI Prudential Flexicap Fund. The fund is open for subscription between June 28 and July 12.
Read on to find out more about the NFO.
ICICI Prudential Flexicap Fund is an open-ended equity mutual fund that will dynamically invest in small-, mid-, and large-cap stocks.
Flexi-cap funds are equity mutual funds that invest in stocks across market capitalisations without any upper limit on any market cap.
Indicative Asset Allocation
|Types of Instruments||Indicative allocation (% of total assets)||Risk Profile|
|Equity & Equity related
instruments of large-cap, mid-cap
and small-cap companies
|65%||100%||Medium to high|
|Other Equity & Equity related
|0%||35%||Medium to high|
|Debt instruments, Units of Debt
Mutual Fund schemes and Money
|0%||35%||Low to medium|
|Preference shares||0%||10%||Medium to high|
|Units issued by Reits and InvIT||0%||10%||Medium to high|
|Scheme name||ICICI Prudential Flexicap Fund|
|Type of scheme||An equity fund that will invest in stocks of large-cap, mid-cap and small-cap companies|
|NFO Dates||June 28, 2021, to July 12, 2021|
|Benchmark||S&P BSE 500 TRI|
|Minimum Amount for Application during NFO||Rs.5,000 and in multiples of Re. 1/- after that.|
|Minimum Additional Application Amount||Rs.1,000 and in multiples of Re. 1/- after that.|
|Minimum Redemption Amount||Any amount|
|Load||a) Entry Load: Not Applicable
b) Exit Load:
Nil – If redeemed or switched out after 12 months.
|Plans||Direct and Regular|
|Minimum SIP Amount||Rs 100 for minimum of 6 months|
S&P BSE 500
The benchmark index consists of the top 500 companies listed at BSE.
Mr. Chandak has experience of around 11 years in fund management and research. He has been with the AMC since May 2008.
Other schemes managed by him are:
- ICICI Prudential Bluechip Fund
- ICICI Prudential Bharat Consumption Fund – Series 4
- ICICI Prudential Long Term Wealth Enhancement Fund
- ICICI Prudential Regular Savings Fund
- ICICI Prudential Capital Protection Oriented Fund – Series XIV – Plan A 1275 Days
- ICICI Prudential Bharat Consumption Fund
- ICICI Prudential Multicap Fund
- ICICI Prudential Balanced Advantage Fund
Ms. Khandelwal has been with the AMC since October 2014.
Other schemes managed by her are:
- ICICI Prudential US Bluechip Equity Fund
- ICICI Prudential Global Stable Equity Fund (FOF)
- Dedicated fund manager for overseas investments in funds that have a mandate to invest in overseas securities.
Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.