ICICI Prudential Mutual Fund launches ICICI Prudential PSU Equity Fund
by
NEWS TEAM | on Aug 23, 2022
NFO period: 23rd August – 06th September, 2022
Highlights of the NFO:
Scheme type – An open-ended equity scheme following the PSU theme
Investment objective – The objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of Public Sector Undertakings (PSUs). However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Product suitability – This product is suitable for investors who are seeking long term capital appreciation. An open-ended equity scheme following the PSU theme.
Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter
Plan/ Options available – Direct Plan and Regular Plan having Growth Option and Income Distribution cum capital withdrawal option (IDCW) with (Payout of Income Distribution cum capital withdrawal (IDCW Payout) sub-option and Reinvestment of Income Distribution cum capital withdrawal (IDCW Reinvestment) sub-options.
Fund Managers – Mr. Mittul Kalawadia and Mr. Anand Sharma