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ICICI Prudential Mutual Fund has launched ICICI Prudential Equity Minimum Variance Fund, an open ended equity scheme following minimum variance theme.
The NFO opens on November 18, 2024, and closes on December 02, 2024.
This new scheme will invest based on low variance strategy for asset selection and portfolio construction.
S Naren, ED & CIO at ICICI Prudential MF said that the scheme will invest in large cap stocks by using a minimum variance approach. He said, “By prioritizing stocks with lower volatility, the launch of this scheme reflects our defensive stance amidst high valuations, while still leveraging India’s favourable structural and macroeconomic outlook.”
The scheme will be ideal for investors who are looking for equity investments but worried about high market volatility.
