ICICI Mutual Fund has unveiled a new fund called ICICI Prudential Fusion Fund Series-III and it is a close-ended diversified equity scheme with a maturity period of 3 years. The investment objective of the Plan under the scheme is to seek to generate long-term capital appreciation by investing predominantly in equity and equity related instruments of companies across large, mid and small market capitalization. Asset Allocation: The fund would invest 70-100% of corpus in equity and equity related securities. There will be 0-30% investment in debt and money market instruments including cash equivalent. The investment in securitised debt will be up to 50% of the debt portfolio and derivative instruments to the extent of 80% of the net assets. It is proposed to make investments in ADR/GDR to the extent of 20% of the net assets.
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