ICICI Prudential MF introduces Equity Minimum Variance Fund
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ICICI Prudential Mutual Fund has launched ICICI Prudential Equity Minimum Variance Fund, an open-ended equity scheme following Minimum Variance theme. The NFO opens for subscription on November 18, 2024 and closes on December 02, 2024. The Entry load is not applicable 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 at Nifty 50 TRI and its fund managers are Vaibhav Dusad and Nitya Mishra.
The investment objective of the scheme is to generate long term capital appreciation by investing in Equity & Equity related instruments through a diversified basket with an aim to minimize the portfolio volatility.
