ICICI Prudential mutual fund has filed an offer document for ICICI Prudential Micro Cap Fund. It is a close-ended equity diversified scheme with a maturity period of 3 years from the date of allotment. The new fund offering (NFO) for the scheme is Rs. 10. The scheme seeks to collect Rs 1 crore in each plan as the minimum subscription amount.
The minimum application under regular plan is Rs. 5,000/- and in multiple of Re. 1/- thereafter. The minimum application under institutional plan is Rs. 1 crore and in multiple of Re. 1/- thereafter.
There are two options under the scheme i.e. retail option and institutional option. The investors will have the choice of a growth or dividend sub-option under both the options. The retail option will be the default option and growth sub-option will be the default sub-option. Under dividend option, dividend payout facility is only available.
The investment objective of the schemes is to offer capital appreciation linked to equity and equity related instruments of companies having Micro Capitalisation.
Source : www.indian-commodity.com
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