ICICI Prudential MF has filed an offer document with SEBI for launching Regular
Gold Saving Fund
Mumbai:
ICICI Prudential Mutual Fund has filed an offer document with SEBI to launch a Fund
of Fund scheme, ICICI Prudential Regular Gold Saving Fund.
The investment objective is to provide investment returns that closely
correspond to returns of the underlying gold linked fund(s) or schemes. The scheme would allocate 90 to 100 per cent of assets
in gold linked fund with medium to high
risk profile. It would further invest up to 10 per cent of assets in debt and
money market instruments with low to medium risk profile.
The fund will be benchmarked against domestic
price of gold. The scheme will charge 2 per cent exit load if units are
redeemed within 1 year from the date of allotment. The fund will be managed Chaitanya
Pande.
