ICICI Prudential MF introduces Balanced Hybrid Fund
ICICI Prudential Mutual Fund has launched ICICI Prudential Balanced Hybrid Fund, an open-ended balanced scheme investing only in equity and debt instruments. The NFO opens for subscription on June 30, 2026 and closes on July 14, 2026. No Entry Load shall be charged for the scheme. The Exit Load: NIL - If units purchased or switched in from another scheme of the Fund are redeemed or switched out upto 30% of the units (the limit) purchased or switched within 1 year from the date of allotment; 1% of the applicable NAV - If units purchased or switched in from another scheme of the Fund are redeemed or switched out in excess of the limit within 1 year from the date of allotment; and NIL - If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 1 year from the date of allotment. The minimum subscription amount is Rs 500 plus in multiple of Re 1.
The performance of the Scheme will be benchmarked to CRISIL Hybrid 50+50 - Moderate Index and its fund managers are Roshan Chutkey, Manish Banthia and Akhil Kakkar.
The investment objective of the scheme is to provide capital appreciation/income by investing in equity and debt instruments.
