ICICI Prudential MF plans to launch ICICI Prudential Global Basics Fund, which is an open-ended diversified growth scheme.
The Scheme will have two options- retail option as well as the institutional option I. The retail option will have growth and dividend sub-options with dividend payout along with the dividend reinvestment facilities available under dividend sub option. On the other hand, the Institutional option I will have growth sub-option only.
Regarding investments, the scheme will invest 65%-100% in the Equity and equity related securities that comprising of foreign securities from 65% to 100% of the net assets of the scheme, an overseas mutual fund schemes from 65% to 100% of the net assets of the scheme and in Indian securities upto 35% of the net assets of the scheme. Apart from this, it may invest upto 35% in the debt and money market instruments.
The Scheme will have two options- retail option as well as the institutional option I. The retail option will have growth and dividend sub-options with dividend payout along with the dividend reinvestment facilities available under dividend sub option. On the other hand, the Institutional option I will have growth sub-option only.
Regarding investments, the scheme will invest 65%-100% in the Equity and equity related securities that comprising of foreign securities from 65% to 100% of the net assets of the scheme, an overseas mutual fund schemes from 65% to 100% of the net assets of the scheme and in Indian securities upto 35% of the net assets of the scheme. Apart from this, it may invest upto 35% in the debt and money market instruments.
No comments:
Post a Comment