ICICI Prudential Innovation Fund NFO

ICIC Pru Mutual Fund launched a new thematic fund.

Pabitra Kumar Moharana

April 6th  2023

Opening Date:  10th April 2023  Closing Date:  24th April 2023 

ICICI Prudential Innovation Fund NFO Opening & Closing Dates

Minimum Investment:  INR 5000  Minimum Additional Purchase: INR 1000  Exit Load: 0-1%   Suitability: Very High Risk  Benchmark: Nifty 500 TRI

Investment Details

Asset Allocation

Equity and Equity Related Securities Covered by 80% - 100%

Maximum Debt and Money Market Instruments Covered by 20% - 0%

Other Equity by 20% - 0%

REITs and InvITs by 10% - 0%

Risk Profile

Very high-risk investment ICICI Prudential Innovation Fund is a thematic fund and benchmarked to Nifty 500 TRI

Fund Managers

ICICI Prudential Innovation Fund will be managed by three fund managers. Mr Anish Tawakley Mr Vaibhav Dusad Ms Sharmila D’mello

Plans Available

ICICI Prudential Innovation Fund – Growth Option Direct & Regular ICICI Prudential Innovation Fund – IDCW (Payout & Re-investment facility) Direct & Regular

 To generate long-term capital appreciation by predominantly investing in equity & equity-related securities of companies and units of global mutual funds/ETFs.

Investment Objective