ICICI PRUDENTIAL Mutual Fund Launches ICICI PRUDENTIAL INDIA RECOVERY FUND Series 1

Mutual Fund
Mar 4, 2015 by Advisorkhoj Team | Mutual Fund | 30 Downloaded

NFO period: March 09, 2015 – March 23, 2015

Highlights of the NFO:

  • Scheme type – A Close Ended Equity Scheme.

  • Investment objective – The investment objective of the scheme is to provide long term wealth creation by investing in a close ended equity fund that aims to provide capital appreciation by investing in equity and equity related securities that are likely to benefit from recovery in Indian Economy. However, there can be no assurance that the investment objectives of the Scheme will be realized.

  • Product suitability – The product is suitable for investors who are looking for long term wealth creation by investing in a close ended equity fund that aims to provide capital appreciation by investing in equity and equity related securities that are likely to benefit from recovery in Indian Economy.

  • Minimum Application Amount - First investment Rs 5,000/- and multiples of Rs 10/- thereafter.

  • Plan/ Options available – Regular Plans and Direct Plans having Dividend Payout Option

  • Maturity period – 1286 days from the date of allotment

  • Fund Managers – Mr. Mrinal Singh and Mr. Rajat Chandak are the fund managers of the Scheme. Mr. Shalya Shah – for ADR/GDR and other foreign securities

  • Benchmark – S&P BSE 500 INDEX

( Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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