ICICI Prudential MF introduces Active Momentum Fund
ICICI Prudential Mutual Fund has launched ICICI Prudential Active Momentum Fund, an open-ended equity scheme following momentum theme. The NFO opens for subscription on July 08, 2025 and closes on July 22, 2025. No Entry Load is charged for the scheme. The Exit Load will be 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 plus in multiple of Re 1.
The performance of the Scheme will be benchmarked with Nifty 500 TRI and its fund managers are Manasvi Shah and Sharmila D’silva.
The investment objective of the Scheme is to generate long-term capital appreciation by investing in Equity & Equity related instruments of companies reflecting momentum factors.
