MUTUAL FUNDS
ICICI Prudential Mutual Fund files offer document for Quant Fund
Feb-18-2019

ICICI Prudential Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘ICICI Prudential Quant Fund '. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load is 1% of applicable Net Asset Value -If the amount, sought to be redeemed  or  switch  out  is  invested  for  a  period  up to  twelve months from the date of allotment; Nil-If  the  amount, sought  to  be  redeemed  or  switch  out  is invested for a period of more than twelve months from the date of allotment. The scheme offers dividend and growth options and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked by NSE MIBO. The minimum application amount for initial purchase is Rs 5000 and in multiple of Re 1 thereafter.

The investment objective of the scheme is to generate long term capital appreciation and  income  distribution to investors from a portfolio  that is predominantly invested in  equity  and  equity  related  securities  of large cap companies.

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