ICICI Prudential Commodities Fund
ICICI Prudential Mutual Fund launches a new fund offer as ICICI Prudential Commodities Fund. The NFO opens for subscription on 30th September 2019. The units of mutual fund scheme issued at Rs 10 per unit. The assets of the fund will manage by the ICICI Prudential AMC Ltd. The NFO will close for subscription on 09th October 2019.
The Fund house of ICICI is a joint venture of ICICI Bank and Prudential Plc. ICICI is the largest private sector bank in India. In India, the asset management company of ICICI is a lending prudential AMC. It is focused on savings and investments along with long term wealth creations.
Basic Details of ICICI Prudential Commodities Fund
|Fund House||ICICI Prudential Mutual Fund|
|Fund Name||ICICI Prudential Commodities Fund|
|NFO Period||Sep 30 to Oct 09, 2019|
|Benchmark||Nifty Bank Index|
|Fund Manager||Sankaran Naren|
|Minimum Application amount||Rs 5000 and in multiples of Re. 1 thereafter|
It is an open-ended scheme that reopens for a fresh subscription after 5 business days from the date of allotment. It is also available in the SIP investment method.
The objective of the Scheme
To generate long-term capital appreciation by creating a portfolio that is invested predominantly in equity and equity-related securities of companies engaged in commodity and commodity-related sectors.
One will need to invest a minimum of Rs 5000 and in multiples of Re 1 thereafter.
The net asset value of the new fund offer is available at Rs 10 per unit now during the initial subscription. Entry load does not offer to investors in this scheme. But, there is an exit load. One will need to pay 1 percent as an exit load if the fund units are redeemed before one year.
The scheme is available in both regular and direct plans with growth and dividend facilities.
|Sr. No||Scheme Name||Scheme Category||ISIN||Allotment date|
|1||ICICI Prudential Commodities Fund GROWTH||EQUITY||INF109KC1F67||15/10/2019|
|2||ICICI Prudential Commodities Scheme DIVIDEND REINVESTMENT||EQUITY||INF109KC1F75||15/10/2019|
|3||ICICI Prudential Commodities Scheme DIVIDEND PAYOUT||EQUITY||INF109KC1F83||15/10/2019|
|4||ICICI Prudential Commodities Fund DIRECT PLAN GROWTH||EQUITY||INF109KC1F91||15/10/2019|
|5||ICICI Prudential Commodities Fund DIRECT PLAN DIVIDEND REINVESTMENT||EQUITY||INF109KC1G09||15/10/2019|
|6||ICICI Prudential Commodities Scheme DIRECT PLAN DIVIDEND PAYOUT||EQUITY||INF109KC1G17||15/10/2019|
The table is taken from the official site of BSE
Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are regulated to market risk. Please read the offer document carefully and consult your investment adviser before investing in this NFO.