ICICI Prudential Flexi-cap Fund Details

ICICI Prudential Flexi-cap Fund Details

ICICI Pru MF launched a new fund offer in the month of April 2021. The name of the scheme is ICICI Prudential Flexi-cap Fund. It remains an open-ended dynamic equity scheme. The NFO invest across large, mid, and small-cap stocks. The MF proceeds subscription from April 22, 2021, to May 06, 2021.

As of the SID, the scheme will suitable for investors who seek long-term wealth creation. Besides, the investors should consider that their principal will be at very high risk.

Offer of units of Rs. 10 each during the NFO period and continuous offer of units at NAV based prices. Further, the face value of units of the scheme at Rs. 10 per unit. Besides, the scheme will re-open for continuous sale and repurchase within 5 business days from the date of allotment.

Basic details of NFO:

NFO Name ICICI Prudential Flexi-cap Fund
Subscription Period April 22, 2021 – May 6, 2021
NFO Type Open-ended dynamic fund
Benchmark S&P BSE 500 – TRI
Fund Manager Rajat Chandak , Priyanka Khandelwal

Also, the ICICI Pru MF new fund offer is available in regular and direct plans along with growth and IDCW option.

Investment Objective:

Further, the main objective of the NFO is to generate long-term capital appreciation by investing predominately in equity & equity related instruments across market capitalization.

Minimum Investment:

Besides, the minimum application amount during the NFO should at Rs. 5,000 and in multiples of Re. 1. Further, the additional application amount at Rs. 1,000. Also, under the SIP method, the daily monthly, fortnightly, monthly SIP will consider from a minimum of Rs. 1,00 in multiples of Re. 1. Moreover, the Quarterly SIP at Rs. 5,000.

On the other hand, SWP, STP, Flex STP and value STP investment options also available under the NFO.

Entry load not applicable. But, investors should pay 1% of applicable Net Asset Value – If the amount sought to be redeemed or switched out within 12 months from the allotment.

Asset Allocation Pattern:

Instruments Indicative allocation (% of total assets) Risk Profile
Maximum Minimum
Equity & Equity related instruments of large, mid, and small-cap companies 100% 65% Medium to High
Other equity & equity related instruments 35% 0 Medium to High
Debt instruments, Units of debt MF schemes and Money market instruments@ 35% 0 Low to Medium
Preference shares 10% 0 Medium to High
Units issued by REITs and INVITs 10% 0 Medium to High

Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Please read the offer document carefully and consult your investment adviser before investing.

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