ICICI Prudential Mutual Fund has filed a draft offer document with SEBI for its close ended equity scheme called - ICICI Prudential Equity Advantage Fund – Series 1 to 8.
The scheme aims to provide capital appreciation and income distribution by investing in equities, fixed income securities and using equity derivatives strategies & arbitrage opportunities. The scheme will be investing 65%-85% in equity and equity related instruments, 15%-50% in derivative including Index futures, stock futures, index options etc. and 20%-35% under debt, money market instruments and cash.
The benchmark of the scheme is CRISIL Balanced Fund Index. The fund will be co-managed by S.Naren and Rahul Goswami, while the investments related to ADR/GDR and other foreign securities will be managed by Ashwin Jain.
