MUTUAL FUNDS
ICICI Prudential Mutual Fund files offer document for Alpha Low Vol 30 FOF
Jan-14-2021
ICICI Prudential Mutual Fund has filed offer document with SEBI to launch an open ended fund named ‘ICICI Prudential Alpha Low Vol 30 FOF’. The New Fund Offer price is Rs 10 per unit. Entry load will be Nil and Exit load If  units  purchased  or  switched  in  from  another  scheme  of  the Fund  are  redeemed  or  switched  out  upto  10%  of  the  units  (the limit)  purchased  or  switched  within  1  year  from  the  date  of allotment will be Nil; If units purchased or switched in from another  scheme  of  the Fund are redeemed or switched out in excess of the limit within 1 Year from the date of allotment will be 1% of the applicable NAV; If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 1 Year from the date of allotment will be Nil. The Scheme offers both growth and dividend Options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked by Nifty Alpha Low-Volatility 30 Index. The minimum application amount for initial purchase is Rs 1000 each plus in multiples of Re.1

The investment objective of the Scheme is generate  returns by investing in units of ICICI Prudential AlphaLow Vol 30 ETF.

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