ICICI Prudential India Equity FOF NFO period from Feb 5, 2020, to Feb 19, 2020:
To begin with, the ICICI Prudential India has introduced a new fund offer. So then, the NFO might come about as ICICI Prudential India Equity FOF. It would exist as an open-ended equity scheme. Besides, this fund would predominantly invest in one or more mutual fund schemes/ ETFs. However, the NFO period will start on 5th Feb and closes on 19th Feb 2020.
ICICI Prudential India NFO Details:
|NFO Name||ICICI Prudential India Equity FOF|
|Fund House||ICICI Prudential Mutual Fund|
|NFO Period||Feb 5 to Feb 19, 2020|
|Benchmark||S & P BSE 500 TRI|
The benchmark of the NFO seems S&P BSE 500 TRI. Besides, the NFO would remain available in the direct plan. Its offer of units exists of Rs 10 each during the NFO.
Entry Load and Exit Load:
Precisely, there seems no entry load for this scheme. Besides, for exit load, to redeem/switch within 365 days from the date of allotment of units: 1%. Also, to redeem/switch out more than 12 months from the date of allotment: Nil.
ICICI Prudential India Minimum Investment:
The minimum application amount remains Rs 5,000 (plus in multiples of Re.1) if it comes during the ongoing NFO period. Besides, the minimum additional investment stood about Rs 1000 and in multiples of Re.1.
|Instruments||Allocation (% of)||Risk Profile|
|Units of equity-oriented schemes / ETFs investing in equity and equity-related securities||100%||95%||Medium to High|
|Money Market Instruments (with maturity, not more than 91 days) including Tri-party Repo, cash & cash equivalents||5%||0%||Low to Medium|
Besides, ICICI Prudential Asset Management Company Limited and ICICI Prudential Trust Limited work as the asset management and trustee companies of this NFO. Also, the objects of the NFO says that it would generate returns by investing in one or more mutual fund schemes/ ETFs which invest in equity and equity and equity-related securities.
Disclaimer: This post is just about scheme information. Investors should consult their financial advisers if in doubt about whether the product is suitable for them or any.