ICICI Prudential Mutual Fund launches ICICI Prudential Innovation Fund

NFO period: 10^th April – 24^th April, 2023

Highlights of the NFO:

• Scheme type – An open ended equity scheme following innovation theme


• Investment objective – The scheme is an open ended thematic fund. The objective of the scheme is to generate long term capital appreciation by predominantly investing in equity & equity related securities of companies and units of global mutual funds/ETFs that can benefit from innovation strategies and theme. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.


• Product suitability – The product is suitable for investors who are seeking long term wealth creation. An equity scheme that invests in stocks adopting innovation strategies or themes.


• Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – Regular Plan and Direct Plan having Growth Option and IDCW Option (with IDCW Reinvestment sub-options).


• Fund Managers – Mr. Anish Tawakley, Mr. Vaibhav Dusad and Overseas investments of the scheme will be managed by Ms. Sharmila D’mello


• Benchmark – Nifty 500 TRI