New Fund Offer- ICICI Prudential Business Cycle Fund

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Last updated on May 15th, 2021 at 09:16 pm

New Fund Offer- ICICI Prudential Business Cycle Fund

ICICI Prudential Mutual Fund is launching ICICI Prudential Business Cycle Fund. Key features of the New Fund offer are highlighted below:

What is the type of scheme in the New Fund Offer?

ICICI Prudential Business Cycle Fund is an open-ended scheme. It is available for subscription and repurchase on a continuous basis.

When would the New Fund Offer open? New Fund Offer- ICICI Prudential Business Cycle Fund

The New Fund Offer opens on December 29, 2020, and closes on January 12 2021.  The scheme would reopen for continuous sale and repurchase within 5 business days from the date of allotment.

What is the New Fund Offer Price?

The corpus of the Scheme will be divided into units having an initial value of Rs. 10 each. Units can be purchased during the New Fund Offer Period at Rs. 10 each.

What is the minimum amount for application in New Fund Offer?

Rs 5000 plus in multiples of Re. 1

What is the investment objective of the New Fund Offer?

ICICI Prudential Business Cycle Fund is an equity scheme that invests in Indian markets with focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles.

What is the risk of investing in the New Fund Offer?

The risk involved is high as it is a pure equity scheme and suitable for investors with an objective of long-term wealth creation.

Who would be managing the scheme?

Mr. Anish Tawakley and Mr. Ihab Dalwai are the fund managers of the Scheme. Mr. Manish Banthia will be the co-fund manager involved in identifying business cycles. The performance of some of the funds managed by the fund managers can be seen in the table below.

[table id=42 /]

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CA Priyanka Choudhary Jain

 

Disclaimer: The above content is for general info purpose only and does not constitute professional advice. The author/ website will not be liable for any inaccurate / incomplete information and any reliance you place on the content is strictly at your risk.

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