ICICI Mutual Fund launched new fund offer ICICI Pru Growth Fund -Series 4, a 3.5 year closed ended scheme. The NFO Opens for subscription on 13 Oct 2014 & closes on 27 Oct 2014. No entry load will be applicable for the scheme.
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[wptabtitle] Scheme Details[/wptabtitle] [wptabcontent]Key Scheme Feature
| Scheme Name | ICICI Pru Growth Fund - Series 4 |
|---|---|
| Fund House | ICICI Prudential Mutual Fund |
| Type | Close Ended Scheme |
| Category | Large Cap |
| Benchmark | CNX Nifty Index |
| Option | Growth / Dividend |
| Fund Manager | Yogesh Bhatt and Vinay Sharma |
| Scheme Name | ICICI Pru. Growth Fund - Series 4 |
|---|---|
| NFO Open | 13 Oct 2014 |
| NFO Close | 27 Oct 2014 |
| Scheme Type | 3.5 year Closed Ended scheme |
| Plan | Regular |
| Minimum Application Amount | Rs 5000 |
| Load Structure | For Purchase during NFO : Entry & Exit - NIL |
Cheque Details : “ICICI Pru Growth Fund -Series 4”
Who can Invest
This product is suitable for investors:
- Seeking long term capital appreciation
- With risk appetite of investing in Equities
- Investors willing to take exposure in equity and equity related securities
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[wptabtitle] Objective[/wptabtitle] [wptabcontent]Investment Objective for ICICI Pru growth fund Series 4 Issue
- Identifying growth stock within the framework of fundamentals and management quality
- Invest in around 15 high conviction large cap stock
- Invest in 10 high conviction mid/small cap stocks with bottom up approach
- Identify out-performers on absolute basis over medium term
- Declaring commensurate Dividends
Stock Selection Idea
Analyse Global and Domestic Macro economic trends along with market Fundamentals
- Primary Theme
- Identify primary theme that is likely to outperform in the current market cycle based on top down analysis
- Identify sector under theme that have potential growth opportunities
- Around 75% of the Corpus will be invested in stocks within these sectors
- Secondary Theme
- Identify Secondary theme/Sector base on Top Down/bottom up analysis
- Identify relatively undervalued Large Cap stocks within this theme/sector
- Around 25% of the Corpus will be invested in such stocks
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[wptabtitle]Why[/wptabtitle] [wptabcontent]
Why Now?
What has happened
- Easier environment clearance
- Higher FDI in Railway, defence
- No retrospective taxation
What is Happening
- Simplification of industrial rules like licensing
- Resolution of stuck PPP projects dispute
- New avenues for funding infra and construction projects through REITs and relaxation in norms for banks
What is Expected
- Easier labour and land-acquisition laws
- Pickup in PPP project awards
- Program in large new infra projects
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rajendra@puneinvest.com
Mobile 7719917444
