| ICICI Prudential Mutual Fund | |
| Scheme Name | ICICI Prudential ESG FUND |
| Objective of Scheme | To generate long-term capital appreciation by investing in a diversified basket of companies identified based on the Environmental, Social and Governance (ESG) criteria |
| Scheme Type | Open Ended |
| Scheme Category | Equity Scheme – Sectoral/ Thematic |
| New Fund Launch Date | 21-Sep-2020 |
| New Fund Offer Closure Date | 05-Oct-2020 |
| Indicate Load Separately | ENTRY LOAD: Not Applicable. EXIT LOAD: 1 % of applicable Net Asset Value – If the amount sought to be redeemed or switch out is invested for a period of up to twelve months from the date of allotment NIL – If the amount sought to be redeemed or switch out is invested for a period of more than twelve months from the date of allotment |
| Minimum Subscription Amount | Rs.5,000/- |
| For Further Details Please Visit Website | www.icicipruamc.com |
Source from: www.amfiindia.com
Mutual Funds Based on Asset Class
Equity Fund or Stock Fund: is a fund that invests in stocks, also called equity securities. Stock funds can be contrasted with bond funds and money funds. Fund assets are typically mainly in stock, with some amount of cash, which is generally quite small, as opposed to bonds, notes, or other securities. This may be a mutual fund or exchange-traded fund. The objective of an equity fund is long-term growth through capital gains, although historically dividends have also been an important source of total return. Specific equity funds may focus on a certain sector of the market or may be geared toward a certain level of risk.
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.
