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News ICICI Prudential Mutual Fund launches ICICI Prudential Innovation Fund
Apr 10, 2023
Mutual Fund
ICICI Prudential Mutual Fund launches ICICI Prudential Innovation Fund
NFO period: 10th April – 24th April, 2023
Highlights of the NFO:
- Scheme type – An open ended equity scheme following innovation theme
- Investment objective – The scheme is an open ended thematic fund. The objective of the scheme is to generate long term capital appreciation by predominantly investing in equity & equity related securities of companies and units of global mutual funds/ETFs that can benefit from innovation strategies and theme. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
- Product suitability – The product is suitable for investors who are seeking long term wealth creation. An equity scheme that invests in stocks adopting innovation strategies or themes.
- Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter
- Plan/ Options available – Regular Plan and Direct Plan having Growth Option and IDCW Option (with IDCW Reinvestment sub-options).
- Fund Managers – Mr. Anish Tawakley, Mr. Vaibhav Dusad and Overseas investments of the scheme will be managed by Ms. Sharmila D’mello
- Benchmark – Nifty 500 TRI
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
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