Mutual Funds NFO- ICICI Prudential Focused Equity Fund.
ICICI Prudential Mutual Fund has launched an open-ended equity scheme, ICICI Prudential Focused Equity Fund. Invest in Mutual Fund – Transact Online Invest in Mutual Fund - Offline Investment Objective Seeks to generate long-term capital appreciation and income distribution to unit holders from a portfolio that is invested in equity and equity related securities of about 20 companies belonging to the large cap domain and the balance in debt securities and money market instruments. The Fund Manager will always select stocks for investment from among Top 200 stocks in terms of market capitalization on the National Stock Exchange of India Ltd. If the total assets under management under this scheme goes above Rs.1000 crores the Fund Manager reserves the right to increase the number of companies to more than 20. Investment Strategy This fund aims to invest in the companies which it believes are, Leaders in the industry in which they operate, have rapid