ICICI Prudential Mutual Fund files offer document to launch ICICI Prudential Long Short Fund. It is open-ended equity fund. There are two options available under the scheme viz. retail option and institutional option. The retail option will have growth and dividend sub-options with dividend payout and dividend reinvestment facilities. The institutional option will have only growth sub-option. The retail option with dividend reinvestment facility shall be the default option. The minimum application amount under retail plan is Rs. 5000 and in multiple of Re 1 thereafter.
ICICI Prudential Long Short fund is an open-ended equity scheme that seeks to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities and the balance in debt securities and money market instruments. Under retail plan the scheme will charge an entry load of 2.25% for the investment less than Rs 5 crore where as there will not be any entry load for the investment above Rs 5 crore and more. The scheme does not charge any entry load for the investment made under institutional plan.
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