ICICI Prudential Mutual Fund has launched the ICICI Prudential Value Fund-Series 12, a close ended growth scheme. The NFO opens for subscription on March 27, 2017 and closes on April 10, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000.
The scheme’s performance will be benchmarked against S&P BSE 500 Index and its fund managers are Sankaran Naren, George Heber Joseph, and Ihab Dalwai.
The investment objective of the scheme is to provide capital appreciation by investing in a well diversified portfolio of stocks through fundamental analysis.