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Friday, December 30, 2016

ICICI Prudential Value Fund - Series 10




Tenure1100 days
NFO Period21st December 2016 to 4th January 2017
MICR chequesTill end of business day on 4th January 2017
RTGS and transfer chequesTill end of business day on 4th January 2017
SwitchesSwitches from equity schemes - 4th January 2017; Till cut off time (specified for switch outs in the source scheme) 4th January 2017 from other schemes^
Option to be launchedICICI Prudential Value Fund - Series 10- Growth & Dividend
ICICI Prudential Value Fund - Series 10 Direct Plan - Growth & Dividend
Entry / Exit LoadNil
Minimum Application AmountRs.5,000/- (plus in multiple of Re.10)
LiquidityTo be listed
BenchmarkS&P BSE 500 Index
Fund ManagerMrinal Singh & Vinay Sharma*



We have recently witnessed high volatility in Indian Equity market due to events like demonetisation, RBI monetary policy, Fed rate hike. Demonetisation is part of long-term structural reforms. It may lead to near term market volatility but we believe it should be followed by growth in financial inclusion, digital payments and banking liquidity as parts of the unorganized economy move into organised and mainstream economy, boosting growth and investors should look beyond near term concerns, as situation will return to normal and the economy can start moving smoothly again.

Also improvement in the macro indicators, focus on new and existing projects, and governments thrust on reforms, we believe the economy has reached the inflection point and is expected to grow over next 3 to 5 years and this strengthens our conviction in launching ICICI Prudential Value Fund - Series 10, a 3 year close ended equity fund that aims to provide long-term capital appreciation by taking exposure in those stocks/sectors that are more levered to the economy and are likely to grow at a faster pace.

Presenting ICICI Prudential Value Fund - Series 10 

The Scheme aims to:

  • The fund may invest unto 70% in large cap and 30% in a mix of mid & small cap stocks.#
  • The fund will invest in sectors that are likely to get benefited from India's economic recovery and expected to do well in the next 3 years. Sectors which can be benefited are
    • Interest Rate sensitive sector
    • Infrastructure Sector
  • Declare commensurate dividends*.
*Dividends will be declared subject to availability of distributable surplus and approval from Trustees.
# The no. of stocks is to explain the investment philosophy and the actual no. may go up and down depending on than prevailing market conditions at the time of investment. The fund may invest in upto 25 stocks depending on the discretion of the Fund Manager. The stock selection and investment strategy will be as per the scheme information document.
 


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