ICICI Prudential Mutual Fund has filed an offer document with the Securities and Exchange Board of India seeking approval to launch a 10-year close-ended fund, according to a draft offer document on SEBI website.
The scheme called, ICICI Prudential Long Term Wealth Enhancement Fund, will deploy at least 80 percent of its corpus in equities, cumulative convertible preference shares and fully convertible debentures and bonds of companies.