ICICI Prudential AMC Unveils 2 New Funds

Mumbai: ICICI Prudential AMC on Dec 14 declared the roll out of two of their new funds, ICICI Prudential Fixed Maturity Plan Series 33- Plan A and ICICI Prudential Fusion Fund Series-III. The ICICI Prudential Fixed Maturity Plan is the country's first ever equity linked fixed maturity plan. ICICI Prudential Fusion Fund is a three-year close-ended diversified equity fund designed to infuse in companies across market capitalisations and having long-term growth prospects. The new fund offer of the fixed maturity plan opens on January 8 and closes on February 8. The balance will be infused in debt securities with fixed and floating interest rates. While there is no exit load for this fund, there is an exit load of five per cent. The other fund that the AMC will be unveiling, that is, the ICICI Prudential Fusion Fund Series-III, the new fund offer will open on January 8and will close on February 21. Approaches such as pre-IPO investment, companies taking part in secular growth opportunities due to the growth in demand, taking stakes in select small companies to facilitate their market re-rating and early identification of companies that are set to transition into a new growth orbit