ICICI Prudential Mutual Fund has launched a new Closed Ended Growth scheme named “ICICI Prudential Bharat Consumption Fund - Series 5” with maturity period of 1114 days from the launch date.
The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Nov 07 to Nov 21, 2018.
According to the offer document filed with SEBI, the entry and exit load is Nil.
The minimum application amount is Rs 5,000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Dividend, Growth.
The fund manager of the scheme will be Sankaran Naren, while the performance of the scheme will be benchmarked against Nifty India Consumption.
The investment objective of the Scheme is to provide capital appreciation by investing predominantly in equity and equity related instruments of sectors that could benefit from growth in consumption and related activities.