ICICI Prudential MF introduces Rural Opportunities Fund
ICICI Prudential Mutual Fund has launched ICICI Prudential Rural Opportunities Fund, an open-ended equity scheme following Rural and allied theme. The NFO opens for subscription on January 09, 2025 and closes on January 23, 2025. The Scheme shall not charge any Entry Load. 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 Rural TRI and its fund managers are Sankaran Naren and Priyanka Khandelwal.
The investment objective of the scheme is to generate long-term capital appreciation by investing in Equity & Equity related instruments of companies following Rural and/or allied theme.
