ICICI Prudential Mutual Fund has launched the New Fund Offer (NFO) of ICICI Prudential Equity Income Fund, a close ended income scheme. The NFO opens for subscription on Nov 18, 2014 and closes on Dec 02, 2014. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000.
The scheme’s performance will be benchmarked would be a combination of 30% CNX Nifty + 40% CRISIL Liquid Fund Index + 30% CRISIL Short Term Bond Fund Index and its fund managers are Sankaran Naren, Chintan Haria, Manish Banthia, Shalya Shah.
The investment objective of the scheme is to generate regular income through investments in fixed income securities and using arbitrage and other derivative strategies. The Scheme also intends to generate long term capital appreciation by investing a portion of the Scheme’s assets in equity and equity related instruments.
No comments:
Post a Comment