ICICI Prudential Value Fund–Series 13 is a close-ended equity fund. If investors are willing to take a moderately high risk, then they may invest in such kind of funds. Moreover, the fund is also suitable for investors who want to create wealth in the longer term.
This fund aims to provide capital appreciation by investing in a well-diversified portfolio of stocks through fundamental analysis.
New Fund Offer time period
The NFO opened on April 25, 2017, and closes on May 9, 2017.
The investment objective of the scheme is to provide capital appreciation by investing in a well-diversified portfolio of stocks through fundamental analysis. However, there can be no assurance that the investment objectives of the scheme will be realized.
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Under normal circumstances, the asset allocation of the scheme will be as follows:
However, one should know that the scheme does not intend to undertake/ invest/ engage in the following:
Repos in corporate debt securities
Short selling of securities
Credit default swaps
Liquidity of the Scheme
No redemption or repurchase of units will be allowed prior to the maturity of the scheme. Investors wishing to exit may do so, only in demat mode, by selling through BSE Limited or any of the stock exchange/s where units of the scheme will be listed as the Trustee may decide from time to time.
Entry load is not applicable in the particular scheme and since the scheme will be listed on the stock exchange, there will be no exit load applicable as well.
Minimum Application Charges
Minimum application amount Rs 5000 which can be increased in multiples of Rs.10 thereafter
S&P BSE 500 Index represents more than 95% of the total market capitalization of the listed universe at BSE. S&P BSE 500 covers all major industries of the Indian economy and is considered as a proxy of the Indian economy. The index consists of both growth and value stocks and is a fair representative of the indicative universe of the portfolio of the scheme. In view of the same, the performance of the scheme will be benchmarked with S&P BSE 500 Index.
It is, however, to be noted that one should consult one’s financial adviser before investing in such a fund. Moreover, one must link one’s investments to one’s financial goals of life.