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ICICI Prudential Growth Fund - Series 6

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It is a great investment opportunity to participate in India growth story. It gives me immense pleasure to announce the launch of ICICI Prudential Growth Fund - Series 6, a 3.5 year close ended equity fund, which will aim to invest in stocks/sectors which tend to benefit from Government's Make in India campaign.

We believe that the medium to long term investment case for structural outperformance of Indian equities remains intact underpinned by:

  • Growth, inflation and rates outlook remain supportive for equities.
  • RBI's signal on likely change in policy stance a key support for equities
  • Global developments of softer crude oil prices and commodity prices and the concurrent drop in the retail inflation (especially food) are likely positive factors that can support a pick-up in overall growth.
  • Ongoing fiscal and structural reforms which the government has already initiated:
Øderegulation of diesel prices,
Øhike in exice duty on petrol and diesel,
Øordinance to resolve the coal sector issues arising from the Supreme Court's cancellation of allocation of 214 blocks in September,
Øausterity measures to trim the fiscal deficit, including 10% cut in non-plan expenditure,
Øeasing of foreign direct investment (FDI) policy norms in construction and real estate sector, labour reforms and
Ødedicated website for the government's financial inclusion scheme, Pradhan Mantri Jan Dhan Yojna (PMJDY). 
 
Presenting ICICI Prudential Growth Fund - Series 6, a 3.5 year close ended fund that aims to invest in select 25 stocks.

Themes which contribute to Make in India



Scheme Features
Type of scheme
A Close ended equity scheme
Investment Objective
The investment objective of the Scheme is to provide capital appreciation by investing in a well diversified portfolio of equity and equity related securities.
However, there can be no assurance that the investment objective of the Scheme will be realized.
Options
Direct Plan – Dividend payout Option
Regular Plan – Dividend payout Option
Minimum Application Amt.
Rs.5,000 (plus in multiple of Rs.10)
Entry & Exit Load
Not Applicable
Benchmark Index
CNX Nifty Index
Fund Manager*
Yogesh Bhatt and Vinay Sharma


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