Home | Register | Sign in | Contact Us | Sitemap |
   
21 Feb 2011 12:00 AM
ICICI Prudential Fusion Fund is now open ended 
A Staff Writer
 

Mumbai: ICICI Prudential Mutual Fund has decided to convert ICICI Prudential Fusion Fund into an open ended diversified scheme as the close ended scheme completes five years. The change will be from March 24, 2011.

After conversion into an open ended scheme, the changed salient features of the scheme will be as follows:

Scheme Objective: To generate long-term capital appreciation by investing predominantly in equity and equity related instruments of companies across large, mid and small market capitalization.

Minimum Application Amount: Retail Option- Rs 5000 in multiples of Re 1 thereafter and Institutional Option- Rs 1 crore plus in multiple of Rs 1 thereafter

Option / Sub-options: It offers retail option and institutional option. Growth and dividend are sub-option under both the options.

Exit Load: The scheme will charge one per cent as exit load if units are redeemed within one year from the date of allotment

Investors, who do not agree with the revision, have an option to redeem or switch their units within 30 days starting from February 17, 2011, without paying any exit load. The scheme is managed by Munzal Shah and is benchmarked against NIFTY Junior Index.

 
Cafemutual welcomes your comments. Any disagreements or criticisms must be expressed in a dignified manner. Thank you.
blog comments powered by Disqus
 
Related Articles
Peerless MF declares dividend under its Flexible Income Fund
ICICI MF files offer document for its Capital Protection Oriented Fund IV
ICICI MF files offer document for its Capital Protection Oriented Fund IV
JP Morgan files offer document for its Government Securities Fund
Pine Bridge MF files offer documents for its US Equity Fund
Peerless MF declares dividend under its Short Term Fund
UTI-Opportunities Fund declares dividend of 10 percent
Sundaram mutual fund files offer document for its capital protection oriented fund 3 Years (Series 11-12)
UTI, SBI have the highest proportion of B-15 towns AUM
Fund houses acting faster to resolve investor complaints
How to make an ultra short term fund work for you?
As markets gain, investors continue to cash out of equity funds
SBI MF to empanel SBI's retired employees under the new cadre of distributors
Registering SIP to get easier and faster
US funds in vogue
Federation of Mutual Funds Distributors Association of India expected to be functional in June
 
About Us | Media | Advertise With Us | Editorial Policy | Contact Us | Privacy Policy | Disclaimer | Sitemap
© Cafemutal.com. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of cafemutual.com is prohibited.
Best Viewed in I.E 7.0 and above. Resolution: 1024 * 768. Developed & Hosted by Accord Fintech Pvt. Ltd