ICICI Prudential Business Cycle Fund Details

ICICI Prudential Business Cycle Fund Details

ICICI Prudential Business Cycle Fund

ICICI Prudential Mutual Fund has launched a new fund offer. The name of the scheme is ICICI Prudential Business Cycle Fund. It has opened for subscription on December 29th, 2020, and closed on 12th January 2021. As of the scheme information document, the fund predominantly invests in Indian markets with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles.

Further, the scheme is suitable for investors who seek long-term wealth creation. The offer of units of Rs. 10 each during the NFO period. Moreover, it would continue offering units at net asset value-based prices.

Basic Details of NFO:

 Fund Name ICICI Prudential Business Cycle Fund
 NFO Period Dec 29th, 2020 – Jan 12th, 2021
 Type Open-Ended
 Benchmark Nifty 500 TRI
 Fund Manager

Investment Objective:

As of the source, the scheme plans to provide long-term capital appreciation by investing with a focus on riding business cycles through allocation between sectors and stocks at different stages of business cycles.

Entry load is not applicable to this scheme. But, 1% of the net asset value is applicable as exit load. Because the amount sought to be redeemed or switched out is invested for a period of one year from the date of allotment.

Minimum Application Amount:

Investors who want to invest in this scheme should invest a minimum of Rs. 5,000 and in multiples of Re. 1/- thereafter. Moreover, the additional purchase amount should stand at Rs. 1,000 plus in multiples of Re. 1/-. However, the scheme is available in the Systematic Investment Plan method.

Investment Pattern:

 Instruments  Indicative allocations (% of total assets)  Risk Profile
 Maximum Minimum High/Medium/Low
Equity and equity-related instruments selected on the basis of the business cycle  100  80  High
Other equity and equity-related instruments  20  0  Medium to High
Debt and money market instruments, including Units of Debt oriented mutual fund schemes   20  0  Low to Medium
Preference shares or any other asset as may be permitted by SEBI from time to time  20  0  Medium to High
Units issued by REITs and InvITs   10  0  Medium to High

Moreover, Nifty 500 TRI will play as a benchmark for this scheme.

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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