MUTUAL FUNDS
ICICI Prudential Mutual Fund files offer document for Contra Fund
Jun-24-2026
ICICI Prudential Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘ICICI Prudential Contra Fund ‘. The New Fund Offer price for units would be Rs 10 during the NFO. Entry load will be nil. Exit load will be -1% of applicable Net Asset Value -If the amount sought to be redeemed or switched out within 12 months from allotment; and NIL -If the amount sought to be redeemed or switched out more than 12 months. The Scheme offers growth and IDCW options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance will be benchmarked against Nifty 500 TRI. The minimum application amount during NFO will be Rs 1000 and in multiples of Re1 thereafter.

The investment objective of the scheme is to generate long-term capital appreciation by investing in Equity & Equity related instruments following contrarian investment strategy.

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