Its raining NFOs in this monsoon season. This time ICICI Prudential Mutual Fund has launched its New Fund Offer (NFO) today. That’s the newly launched NFO of ‘ICICI Prudential PSU Equity Fund’. The key features of this fund are as below :
Fund type: Open-ended equity fund following the PSU theme.
Investment objective: Scheme aims to generate long term capital appreciation by investing in equity & equity related securities of Public Sector Undertakings (PSUs). It aims to invest 80% of funds in equity of PSU stocks and 20% in other equity related securities.
NFO period: 23rd August 2022 – 6th September 2022.
Application Amount: Minimum Rs. 5,000/- & in multiples of Rs. 1/- thereafter.
Additional Investment Amount: Rs. 1000/- & in multiples of Rs. 1/- thereafter.
Plans available: Both Direct Plan & Regular Plan are available.
Options available:
- Growth Option
- Income Distribution cum capital withdrawal option (IDCW) with (Payout of Income Distribution cum capital withdrawal (IDCW Payout) sub-option
- Reinvestment of Income Distribution cum capital withdrawal (IDCW Reinvestment) sub-options.
Entry load: Nil
Exit load: 1% of NAV if redeemed before 1 month. Nil if it is 1 month and above.
Benchmark: S&P BSE PSU TRI.
Risk-o-meter: Very High.
Note: Mutual fund investments are subject to market risks, read all scheme related documents carefully.
