ICICI Prudential Mutual Fund has filed offer document with Securities and Exchange Board of India (SEBI) to launch ICICI Prudential R.I.G.H.T Fund (Rewards of Investing and Generation of Healthy Tax Savings). It is a close-ended equity linked savings scheme. The face value of the new issue will be Rs 10 per unit. ICICI Prudential R.I.G.H.T Fund is a ten year close-ended equity linked savings scheme that seeks to generate long-term capital appreciation to unit-holders from a portfolio that is invested predominantly in equity and equity related securities of large capitalization companies and emerging mid cap companies along with income tax benefit.
The investment policies shall be framed in accordance with SEBI (Mutual Funds) Regulations, 1996 and rules and guidelines of Equity Linked Savings Scheme (ELSS), 2005 (and modifications to them). There are two options available under the scheme viz. growth and dividend option. Dividend option will have dividend payout facility only.
The investment policies shall be framed in accordance with SEBI (Mutual Funds) Regulations, 1996 and rules and guidelines of Equity Linked Savings Scheme (ELSS), 2005 (and modifications to them). There are two options available under the scheme viz. growth and dividend option. Dividend option will have dividend payout facility only.
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