Mutual Fund investors got a new gift! | ICICI Prudential Mutual Fund- Watch Video

There is good news for investors investing in mutual funds. ICICI Prudential Mutual Fund has launched a new scheme for market investors, which is theme based and innovative. ICICI Prudential Mutual Fund has named its new open-ended thematic equity scheme as ICICI Prudential Innovation Fund.

According to ICICI Prudential Mutual Fund, its new scheme will follow the bottom up approach. Under this scheme, investment can also be made in those companies, which are active in innovation related to product, service or solution.

Scheme is open till this date

The company says that its new scheme ICICI Prudential Innovation Fund mainly invests in equity, equity-related securities of companies and units of global mutual funds and ETFs. This gives investors the benefit of innovation strategies and themes. The New Fund Offer ie NFO of this scheme is open on 10th April. It is going to remain open till 24 April.

ICICI Prudential Mutual Fund has said that the scheme will be managed by Anish Tawakley and Vaibhav Dusad, while the foreign investments will be managed by Sharmila D'Mello. The benchmark for this scheme will be Nifty 500 TRI.