ICICI Prudential Mutual fund has launched the ICICI Prudential Bharat Consumption Fund - an open-ended equity scheme following the consumption theme. The scheme aims to provide capital appreciation by investing in well-diversified portfolio of stocks that could benefit from growth in consumption and related activities, providing the investor an avenue to participate in the growth story of one of the largest consumption markets in the world.
The NFO period of ICICI Prudential Bharat Consumption Fund (An open ended equity scheme) is from March 26, 2019 to April 9, 2019.
The fund has below Plans/Option :
- ICICI Prudential Bharat Consumption Fund - Growth & Dividend
- ICICI Prudential Bharat Consumption Fund - Direct - Growth & Dividend
The fund has Nifty India Consumption Index as its benchmark.
The Fund Managers are Mr. Rajat Chandak and Mr. Dharmesh Kakkad. The overseas investments of the Scheme will be managed by Ms. Priyanka Khandelwal.
The fund allows SIP / STP / SWP options for investment.
Minimum Application Amount is Rs. 5,000/- (plus in multiple of Re.1 thereafter).
* Mutual Fund investments are subject to market risks, read all scheme related documents carefully.