ICICI Prudential Commodities Fund From Sep 25, 2019 To Oct 09, 2019

ICICI Prudential Commodities Fund From Sep 25, 2019 To Oct 09, 2019

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
 NFO Type  Open-ended
 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.

Minimum Investment

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.

Scheme Plans

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.

0 Reviews

Write a Review

Read Previous

Five equity mutual funds primed for alpha from FM’s tax stimulus

Read Next

SEBI asks Mutual Funds to adopt waterfall approach for money market, debt securities valuation

Leave a Reply

Your email address will not be published. Required fields are marked *

Translate »