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There is good news for investors investing in mutual funds. ICICI Prudential Mutual Fund has launched a new scheme for market investors, which is theme based and innovative. ICICI Prudential Mutual Fund has named its new open-ended thematic equity scheme as ICICI Prudential Innovation Fund.
The scheme is open till this date
The company says that its new scheme ICICI Prudential Innovation Fund mainly invests in equity, equity-related securities of companies and units of global mutual funds and ETFs. This gives investors the benefit of innovation strategies and themes. The New Fund Offer ie NFO of this scheme is open on 10th April. It is going to remain open till 24 April.
He has the responsibility of the scheme
ICICI Prudential Mutual Fund has said that the scheme will be managed by Anish Tawakley and Vaibhav Dusad, while the foreign investments will be managed by Sharmila D’Mello. The benchmark for this scheme will be Nifty 500 TRI.
Money will be spent at these places
According to ICICI Prudential Mutual Fund, its new scheme will follow the bottom up approach. Under this scheme, investment can also be made in those companies, which are active in innovation related to product, service or solution. Apart from this, it has also been clarified that under the scheme, investment can be made in any cap company according to the appropriate opportunity, bypassing the market capitalization.
You can invest with this much money
Small capital of 5 thousand rupees can also be invested under this scheme. ICICI Prudential Mutual Fund says that its new scheme can prove to be a long-term wealth creator for its investors. After subscribing to this scheme, there are various options to invest in it through SIP.
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