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ICICI Prudential Mutual Fund has launched ICICI Prudential Quality Fund, an open-ended equity scheme following the Quality Factor as theme.
The scheme aims to invest in companies that exhibit stronger fundamentals such as high return on equity (ROE), robust cash flows, low financial leverage, history of sound capital allocation and reasonable valuation.
Sankaran Naren, ED & CIO of ICICI Prudential AMC, said, “In today’s environment of economic uncertainty and moderating growth, business with sound financials and sustainable profitability stand out. ICICI Prudential Quality Fund aims to tap into this potential by selecting high quality companies available at reasonable valuations, thereby aiming to build a resilient portfolio designed to perform across market cycles. With attractive valuations in the quality segment, we believe this is an opportune time for investors to adopt a quality-focused strategy.”
Ihab Dalwai & Masoomi Jhurmarvala will co-manage the scheme.
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