ICICI Prudential Mutual Fund has filed offer document with Sebi to launch ICICI Prudential NiNJA ( Nifty and Nifty Junior Advantage ) Fund. It is an open ended equity scheme that seeks to invest in companies whose securities are included in S&P CNX Nifty and CNX Nifty Junior and endeavor to generate long term capital appreciation for its unitholders.
The fund will actively manage allocation between the S&P CNX Nifty and CNX Nifty Junior indices while maintaining the weightage of individual stocks within each of the indices. The face value of the new issue will be Rs 10 per unit.
The objective of the fund is to invest in companies whose securities are included in S&P CNX Nifty and CNX Nifty Junior and endeavor to generate long term capital appreciation for its unitholders.
The fund will actively manage allocation between the S&P CNX Nifty and CNX Nifty Junior indices while maintaining the weightage of individual stocks within each of the indices.
Investment option: The scheme offers three options viz. regular (default), premium and institutional option I with growth and dividend options.
The dividend option further offers dividend payout and dividend reinvest facility. Dividend reinvestment option will be the default option.
Minimum application amount: The minimum investment amount under regular option will be Rs 5000 and in multiples of Re 1 thereafter, under premium option will be Rs 5 lakh and in multiples of Re 1 thereafter and under institutional option I will be Rs 1 lakh and in multiples of Re 1 thereafter.
During the NFO period of the plans under the scheme, each plan seeks to raise a minimum subscription of Rs. 1 Lakh.
Asset allocation: The scheme will invest 90-100% in equity & equity related securities of companies constituting the S&P CNX Nifty and CNX Nifty Junior and exchange traded derivatives on the indices (including derivatives instruments to the extent of 100% of the Net Assets as permitted vide Sebi circular). 0-10% in debt & money market instruments.
Load structure: Entry load: Nil
Exit load Regular Option:
a) For investment of Rs. 5 crore and above: Nil
b) For investment less than Rs. 5 crore and redeemed before 12 months from the date of allotment: 1%
c) For investments of less than Rs. 5 crore and redeemed after 12 months from the date of allotment: Nil
Premium Option: Nil, Institutional Option I: Nil
Benchmark index: 50% S&P CNX Nifty and 50% CNX Nifty Junior.
Fund Manager: Yogesh Bhatt will be fund manager for the scheme.
The fund will actively manage allocation between the S&P CNX Nifty and CNX Nifty Junior indices while maintaining the weightage of individual stocks within each of the indices. The face value of the new issue will be Rs 10 per unit.
The objective of the fund is to invest in companies whose securities are included in S&P CNX Nifty and CNX Nifty Junior and endeavor to generate long term capital appreciation for its unitholders.
The fund will actively manage allocation between the S&P CNX Nifty and CNX Nifty Junior indices while maintaining the weightage of individual stocks within each of the indices.
Investment option: The scheme offers three options viz. regular (default), premium and institutional option I with growth and dividend options.
The dividend option further offers dividend payout and dividend reinvest facility. Dividend reinvestment option will be the default option.
Minimum application amount: The minimum investment amount under regular option will be Rs 5000 and in multiples of Re 1 thereafter, under premium option will be Rs 5 lakh and in multiples of Re 1 thereafter and under institutional option I will be Rs 1 lakh and in multiples of Re 1 thereafter.
During the NFO period of the plans under the scheme, each plan seeks to raise a minimum subscription of Rs. 1 Lakh.
Asset allocation: The scheme will invest 90-100% in equity & equity related securities of companies constituting the S&P CNX Nifty and CNX Nifty Junior and exchange traded derivatives on the indices (including derivatives instruments to the extent of 100% of the Net Assets as permitted vide Sebi circular). 0-10% in debt & money market instruments.
Load structure: Entry load: Nil
Exit load Regular Option:
a) For investment of Rs. 5 crore and above: Nil
b) For investment less than Rs. 5 crore and redeemed before 12 months from the date of allotment: 1%
c) For investments of less than Rs. 5 crore and redeemed after 12 months from the date of allotment: Nil
Premium Option: Nil, Institutional Option I: Nil
Benchmark index: 50% S&P CNX Nifty and 50% CNX Nifty Junior.
Fund Manager: Yogesh Bhatt will be fund manager for the scheme.
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