ICICI Prudential Focused Equity Fund
AN OPEN ENDED EQUITY SCHEME
from
ICICI PRUDENTIAL MUTUAL FUND
New Fund Offer of Units of Rs.10 per unit plus applicable load during the New
Fund Offer period & at NAV based prices subject to load upon reopening.
The latest offering from the ICICI Prudential is an open-ended diversified equity fund - the “ICICI Prudential Focused Equity Fund”.The fund’s investment strategy will be to invest in 20 large cap companies from the top 200 stocks listed on the NSE on the basis of market capitalisation. If the total assets in this fund crosses Rs.1000 crore then more than top 20 large companies would be added to the portfolio.
Scheme Details
Issue Opening Date : April 8, 2008
Issue Closing Date : May 7, 2008
Mutual Fund Family : ICICI Prudential Asset Mgmt.Co. Ltd
Fund Class : Equity Diversified
Fund Type : Open-Ended
Investment Plan : Growth
Fund Manager : Prashant Kothari
Entry Load : 2.25 %
Exit Load : 1.00 %
Benchmark : S&P CNX Nifty
Minimum Investment : Regular Plan - Rs. 5000, Institutional Plan - Rs. 10 crore.
The fund has a straight forward strategy to invest in the top 20 companies from the NSE index. The fund is likely to deliver returns and behave like a large-cap index like Sensex and Nifty. The fund might be a reasonable choice for its predictable strategy and relative safety of the mega-cap stocks. This fund could be a worthy consideration for NFO fans, seeking an opportunistic bet on the market turnaround which can especially benefit this fund.
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