ICICI Prudential Mutual Fund has launched the NFO of ICICI Prudential US Bluechip Equity Fund, an open ended growth scheme.
The NFO opens for subscription on June 18, 2012 and closes on July 2, 2012. No entry load will be applicable for the scheme; exit load will be, for redemption/switch-out of units within 3 months (including the last day of the third month) from the date of allotment - 3% of the applicable NAV, for redemption/switch-out of units after 3 months but before 1 year (including the last day of a year) from the date of allotment - 1% of the applicable NAV and for redemption/switch-out of units after 1 year from the date of allotment, NAV will not be applicable. The minimum subscription amount is Rs.5000.
The scheme’s performance will be benchmarked against S&P 500 and its fund managers are Atul Patel and Chaitanya Pande.
The investment objective of the scheme is to provide long term capital appreciation to investors by primarily investing in equity and equity related securities (including ADRs/GDRs issued by Indian and foreign companies) of companies listed on NYSE and/or NASDAQ.
Source: Accord Fintech
