ICICI Prudential MF's latest NFO has clocked the highest-ever collection in the actively managed open ended equity fund category. The ICICI Prudential Flexicap NFO, which ended on July 12, collected close to Rs 10,000 crore.
The fund house said the support of MFDs was crucial to the success. "The NFO has been a resounding success. Over 4 lakh retail investor applied to the NFO. This would not have been possible without the support of more than 15,000 distributors spread across the country who helped us in taking the product to every discerning investor," ICICI Prudential MF said in a statement.
The fund aims to invest in S&P BSE 500 companies with a mix of top-down and bottom-up approach to identify opportunities in the large-, mid- and small-cap spaces.
Currently, the flexi-cap category is the second biggest category in the equity space after large-cap funds. The AUM of flexi-cap schemes was Rs.1.75 lakh crore as of June 2021.
