ICICI Prudential India Equity FOF scheduling from February 05, 2020 – February 19, 2020 primary objective of the Scheme is to generate returns by predominantly investing in one or more mutual fund schemes /ETFs (managed by ICICI Prudential Mutual Fund or any other Mutual Fund(s)) which invest in equity and equity related securities.
An Open-ended Fund of Funds scheme investing in units of equity oriented schemes
Summary Of Issue:
|Issue||ICICI Prudential India Equity FOF|
|Issue Open||February 05, 2020 – February 19, 2020|
An open-ended equity scheme predominantly investing in small cap stocks.
|Investment Objective||The primary objective of the Scheme is to generate returns by
predominantly investing in one or more mutual fund schemes
/ETFs (managed by ICICI Prudential Mutual Fund or any other
Mutual Fund(s)) which invest in equity and equity related
However, there can be no assurance or guarantee that the
investment objective of the Scheme would be achieved.
|Benchmark||The Scheme‟s performance is benchmarked against S&P BSE 500 TRI.
The Trustee reserves right to change the benchmark for
|Fund Managers||Mr. Dharmesh Kakkad|
|Scheme Category||Other Scheme – FoF Domestic|
|Options||Growth Option and Dividend Option with Dividend pay-out and
Dividend Re-investment sub-options.
|Minimum Application Amount, including switches||DURING NEW FUND OFFER PERIOD / DURING ONGOING OFFER PERIOD:
Rs. 5,000/- (plus in multiple of Re. 1)
Minimum application amount is applicable for switches made during the New Fund Offer period as well.
|Load Structure||Entry Load: Not Applicable.
In terms of circular no. SEBI/IMD/CIR No. 4/ 168230/09 dated June 30, 2009, SEBI has notified that, w.e.f. August 01, 2009 there will be no entry load charged to the schemes of the Mutual Fund.
If the amount sought to be redeemed or switched out within 12
months from allotment: 1.00% of applicable NAV .
If the amount sought to be redeemed or switched out more than 12 months from allotment: Nil.
However, the Trustee shall have a right to prescribe or modify the load structure with prospective effect subject to a maximum
prescribed under the Regulations.
|Minimum Subscription Amount||5000|
|Liquidity||Being an open-ended Scheme, units may be redeemed on every business day at NAV based prices. As per the regulations, the Fund shall dispatch redemption proceeds within 10 working days of receiving the redemption request.
Investors who hold units in any of the open-ended schemes of
ICICI Prudential Mutual Fund (the Fund) may switch all or part of their holdings to the Scheme on an ongoing basis.
Where Will The Scheme Invest?
The corpus of the Scheme will be predominantly invested in the equity oriented schemes /ETFs. Based on the asset allocation pattern and Investment Objective of the Scheme and as per the SEBI guidelines, a Fund of Funds scheme shall not invest its assets other that in schemes of mutual funds, except to the extent of funds required for meeting the liquidity requirements for the purpose of repurchases or redemptions. Subject to the Regulations, the corpus of the Scheme can be invested in any (but not exclusively) of the following securities:
1. Units of various domestic equity oriented schemes / ETFs (managed by ICICI
Prudential Mutual Fund or any other Mutual Fund)
2. Obligations/ Term Deposits of banks (both public and private sector) and
development financial institutions.
3. Money market instruments permitted by SEBI/RBI
The units of the schemes of the Mutual Funds in which the Scheme proposes to make investments in could be listed or unlisted, open/closed ended. The units may be acquired through subscription to the units during the New Fund Offer of the schemes or by
subscriptions on on-going basis.
Pending deployment of funds in accordance with the investment pattern of the Scheme, the Scheme may park funds in short term deposits of Scheduled commercial Banks, subject to SEBI guidelines.
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