ICICI Prudential, the third-largest mutual fund company in the country, has introduced a new fund named Equity Minimum Variance. Started on Monday, November 18, the NFO will end on December 2.
Units will take place on December 4 once the NFO has ended
The distribution of units will take place on December 4 once the NFO has ended. Invest in this ICICI Prudential NFO at a NAV of Rs 10. It is a flexible equity scheme that follows the minimum volatility theme. Mr. S. Naren, Executive Director & Chief Investment Officer at ICICI Prudential Asset Management, expressed his happiness to introduce the ICICI Prudential Equity Minimum Variance Fund.
The scheme’s launch displays our defensive strategy
Naren stated that the scheme’s launch displays our defensive strategy by favoring low-volatility stocks in light of the high valuations of stock markets. The plan concentrates on big company stocks, with an emphasis on low-volatility stocks. This strategy will benefit investors seeking improved long-term growth opportunities. These programs are also a preferable choice for investors interested in equities but concerned about market volatility. You can start investing in this program with just Rs 5,000. In addition, you can begin SIP with only Rs 100 in this plan. The mutual fund company ICICI Prudential, currently has an AUM of approximately Rs 7,81,395 crore, making it the third largest in terms of asset management in the country.
Important points
The smallest amount you can apply with is Rs 5,000 (in increments of Rs 1). The least amount required to start daily, weekly, fortnightly, or monthly SIPs is Rs 100, with increments of Re 1, and a minimum of six installments. The minimum investment required for SIPs every 3 months is Rs 5,000, which must be made in increments of Rs 1 and over a minimum of four payments. If the funds are redeemed or switched out within 12 months of the initial allotment, a 1% exit charge based on the Net Asset Value will be imposed. If the redemption or switch-out occurs after 12 months, there will be no exit load.
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