ICICI Prudential NFO (New Fund Offer) named “ICICI Prudential India Opportunities Fund” is being issued from 26-Dec-2018 to 09-Jan-2019.
According to ICICI Prudential, this plan is suitable for investors who are seeking:-
- Long-term wealth creation, and
- An equity scheme that invests in stocks based on special situations theme.
About ICICI Prudential India Opportunities Fund
| Name of the Scheme | ICICI Prudential India Opportunities Fund |
|---|---|
| Fund House | ICICI Prudential Mutual Fund |
| Scheme Type | Open Ended |
| Scheme Category | Equity: Thematic |
| Issue Starts | 26-Dec-2018 |
| Issue Closes | 09-Jan-2019 |
| NFO Unit Price | Rs 10 per unit |
| Minimum Investment | Rs 5000 |
| Entry Load | No |
| Exit Load | 1%, if redeemed within a year, Nil, if redeemed after a year. |
| Investment Manager | ICICI Prudential Asset Management Company Limited |
Investment Objectives
According to the fund house, the investment objectives of the scheme is as follows:-
To generate long-term capital appreciation by investing in opportunities presented by special situations such as corporate restructuring, Government policy and/or regulatory changes, companies going through temporary unique challenges and other similar instances.
However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Proposed Asset Allocation
| Instruments | Indicative allocations (% of total assets) |
Risk Profile | |
|---|---|---|---|
| Maximum | Minimum | High/ Medium/ Low | |
| Equity & Equity related instruments of special situations theme. | 100 | 80 | High |
| Other equity and equity related instruments | 20 | 0 | Medium to High |
| Debt, Units of Mutual Fund schemes, Money market instruments, Cash & Cash Equivalents | 20 | 0 | Low to Medium |
The Scheme may also take exposure to:
- Derivative instruments to the extent of 50% of net assets.
- ADR/GDR/ Foreign Securities to the extent of 50% of net assets. Investment in ADR/GDR/Foreign Securities would be as per SEBI Circular dated September 26, 2007, as may be amended from time to time.
- Securitised debt up to 50% of the debt portfolio.
- Stock lending up to 20% of net assets.
About ICICI Prudential
ICICI Prudential is the largest asset management company in India based on its Asset under Management (AUM). This fund house was founded in June 1993 as a joint venture between ICICI Bank of India and the Prudential Plc of UK. Prudential Plc is one of the largest financial service companies of UK and operates also in Asia and the United States.
This company operates from over 200 locations with having 1913 employees and more than 3 million investors. As of 30-Sep-2018, the company has Rs 310257.46 crore as Asset under management (AUM).
Registered Office: 12th Floor, Narain Manzil, 23, Barakhamba Road, New Delhi – 110 001.
Corporate Office: One BKC 13th Floor, Bandra Kurla Complex, Mumbai – 400051.
Website: www.icicipruamc.com
(Read: NFO: New Fund Offer of Mutual Funds)
Please click here to read the scheme related document.
Disclaimer: This post is just an information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
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Tags: #NFO #Mutual Fund #New Mutual Fund #ICICI Prudential NFO #New Fund Offer
