New flexi cap fund offer from ICICI Prudential

ICICI Prudential Mutual Fund
Scheme Name ICICI Prudential Flexi-Cap Fund
Objective of Scheme To generate long-term capital appreciation by investing predominately in equity & equity related instruments across market capitalization.
Scheme Type Open Ended
Scheme Category Equity Scheme – Flexi Cap Fund
New Fund Launch Date 28-Jun-2021
New Fund Offer Closure Date 12-Jul-2021
Indicate Load Separately ENTRY LOAD: Not Applicable
EXIT LOAD: 1% of applicable % of applicable % of applicable % of applicable % of applicable % of applicable % of applicable %
Minimum Subscription Amount Rs.5,000/-
For Further Details Please Visit Website

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Mutual Funds Based on Asset Class

Flexi-Cap Fund: This fund invests in all type of stocks i.e., Large-Cap, Mid-Cap, and Small-Cap companies.

Mutual Funds Based on Structure

Open-Ended Funds: These are funds in which units are open for purchase or redemption through the year. All purchases/redemption of these fund units are done at prevailing NAVs. Basically these funds will allow investors to keep invest as long as they want. There are no limits on how much can be invested in the fund. They also tend to be actively managed which means that there is a fund manager who picks the places where investments will be made. These funds also charge a fee which can be higher than passively managed funds because of the active management. They are an ideal investment for those who want investment along with liquidity because they are not bound to any specific maturity periods. Which means that investors can withdraw their funds at any time they want thus giving them the liquidity they need.

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