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ICICI Prudential Mutual Fund (MF) has launched the ICICI Prudential Flexicap fund, an open-ended dynamic equity scheme investing across large cap, mid cap & small cap stocks. The NFO opens for subscription on June 28, 2021 and closes on July 12, 2021. The Entry load is not applicable for the scheme. The Exit Load is 1% of applicable Net Asset Value, if the amount sought to be redeemed or switch out within 12 months from allotment and nil, if the amount sought to be redeemed or switched out more than 12 months. The minimum subscription amount is Rs 5,000 & in multiples of Re 1.

The performance of the scheme shall be benchmarked to the S&P BSE 500 TRI and its fund managers are Rajat Chandak and Priyanka Khandelwal.

The investment objective of the scheme is to generate long-term capital appreciation by investing predominately in equity & equity related instruments across market capitalization.