ICICI Prudential Mutual Fund will provide a new fund offering for flexicap funds. 

in image illustration of a plant nurturing in form of mutual funds

in image illustration of a plant nurturing in form of mutual funds

ICICI Prudential Mutual Fund has established an open equity fund to provide capital appreciation via the use of an in-house market cap algorithm to invest in equity and equity-related assets throughout market capitalism. The new fund proposal will start on 28 June and will expire on 12 July.

The flexicap fund will utilize a mixture of top-down and bottom-up tactics to uncover opportunities in the large, medium, and small-cap markets.

According to the asset management company (AMC), the S&P BSE 500 will be examined by the investing universe, and stock selection will be based on a variety of features, including corporate foundations, valuations, etc.

“Flexi cap is one category (as per SEBI Scheme categorization) among the equity schemes which is the most flexible among the equity scheme offerings. The ICICI Prudential Flexicap Fund has the flexibility to invest across large, mid and small-cap space without any restriction. We will be guided by our in-house market cap allocation model to provide direction and help ascertain the right allocation to various market caps," a statement was given by Nimesh Shah, MD, and CEO, ICICI Prudential AMC.

Rajat Chandak, a senior fund manager, is in charge of the program, while Priyanka Khandelwal is in charge of the international investments.

It will invest 65-100 percent in large-cap, mid-cap, and small-cap companies' equity and equity-related instruments, 0-35 percent in other equity and equity-related instruments, 0-35 percent in debt instruments, debt mutual fund schemes, and money market instruments, and 0-10 percent in preference shares and units issued by real estate investment trusts (REITs) and infrastructure companies' preference shares and units (InvITs).

Source- Mint




IPL 2021 Final

IPL 2021 Finals, to be played between CSK and KKR, know the venue, predicted XI, and weather

The 2021 IPL Finals will see MS Dhoni’s Chennai Super Kings and Eoin Morgan Kolkata Knight Riders in the power-packed, high octane grand finale...

T20 World Cup

Indians to face Australians in warm up matches of the T20 World Cup

India is going to take along England and Australia during the two warm up games, and will be further gearing up for the upcoming T20 World Cup matches...

States & UTs

Delhi Government

NCPCR Sends Notice to Delhi Government

The National Commission for Protection of Child Rights (NCPCR|) has pulled up the Delhi authorities over a promotional video. A criticism on this rega...

Singhu protest

At Singhu protest site, dead man with wrist cut off found tied to barricade

The frame of an unidentified guy with one in every of his wrists chopped off turned into discovered close to the farmers’ protest web website on...


PM Modi

The center's 7 new defense companies will become one giant military base: PM Modi

Prime Minister Narendra Modi on Thursday launched seven new companies that will enter the defense se...

Akhilesh Yadav (Samjwadi Vijay Yatra)

Akhilesh Yadav Sounds Like A Bugle For Polls In Uttar Pradesh, Launches "Samjwadi Vijay Yatra" Across The Country

Samajwadi Party spokesman Rajendra Chaudhary said that after exiting Ganga Bridge, the yatra will ta...


Aryan Khan,Gauri Khan & SRK

Aryan Khan had video call with Gauri Khan & SRK and received money order of Rs4500

Aryan Khan received a money  order for Rs 4,500 to order food and other items from the Arthur R...

Nora Fatehi

Nora Fatehi Summoned By ED in Money Laundering Case

Actress-dancer Nora Fatehi has been summoned through the Enforcement Directorate (ED) for...


The Live Newz is an independent, budding and online news portal that came into existence recently. Our mission is to create and deliver the finest news for the readers. We act as a cutting-edge platform that provides the users with every update on recent happenings. We aspire to be true to the journalistic values and maintain the standard of its excellence by presenting the truth to the readers.