The fund is being managed by Rajat Chandak, Senior Fund Manager. The foreign investment will be managed by fund manager Priyanka Khandelwal. The New Fund Offer (NFO) will open on June 28, 2021 and close on July 12, 2021.
ICICI Prudential Mutual Fund has announced the launch of ICICI Prudential Flexicap Fund. This fund is completely open-ended equity scheme. The objective is to invest the entire market cap in equity and equity-related stocks based on an in-house market cap allocation model. ICICI Prudential FlexiCap Fund will have an exposure to S&P BSE 500. The choice of stock will be based on several parameters like fundamentals, valuation of the company will be seen.
Launching the fund Nimesh Shah, MD-CEO ICICI Prudential AMC said, Flexicap is the most flexible among equity schemes. ICICI Prudential Flexicap Fund has the flexibility to invest in large, mid and small caps without any restrictions. We are confident that this fund will help the investors to invest comfortably in the market conditions and help the investors to reach their financial goals effectively.”
Key Features of the Fund
- NFO will open on 28th June 2021 and close on 12th July 2021
- The objective of the scheme is to identify and invest in opportunities in the market with different capitalization instruments based on in-house market capitalization.
- Investment style will be a mix of top-down and bottom-up approach
- Can invest a minimum of Rs 5,000 (with switch) in AFO and beyond (in multiples of Rs 1)
mid cap fund better
In times of economic uncertainty, large caps limit the risk of loss and can provide liquidity to the portfolio. On the other hand, mid- and small-caps may be in a better position to take advantage of the potential bounce when economic growth picks up with the necessary economic recovery post-lockdown. The fund is being managed by Rajat Chandak, Senior Fund Manager. The foreign investment will be managed by fund manager Priyanka Khandelwal. The New Fund Offer (NFO) will open on June 28, 2021 and close on July 12, 2021.
where will the investment be
This fund will invest 65-100 per cent in equities of large cap, mid cap and small cap companies. 0-35% will be invested in other equities, 0-35% in debt funds, schemes of debt mutual funds, money market instruments, 0-100% in equity and real estate investment trusts and infrastructure investment trusts. In November last year, the Securities and Exchange Board of India (SEBI) had launched mutual funds in the flexi cap category. Under this, it is necessary to invest 65% in equity. But the exemption has been given that investment can be invested in large, mid or small cap stocks.
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