MUTUAL FUNDS
ICICI Pru Mutual Fund files offer document for ESG Fund
Jul-19-2019

ICICI Prudential Mutual Fund has filed offer document with SEBI to launch an open ended equity scheme named ‘ICICI Prudential ESG Fund’. The New Fund Offer price is Rs 10 per unit. Entry load is nil and Exit load will be 1% of applicable Net Asset Value, if the amount sought to be redeemed or switch out within 12 months from allotment, and Exit load will be nil, if the amount sought to be redeemed or switched out more than 12 months. The scheme offers both growth and dividend option.

The performance of the scheme will be benchmarked by Nifty 100 ESG TRI. The minimum application amount for initial purchase is Rs 5,000 and in multiples of Re 1.

The investment objective of the scheme is to seek to generate long-term   capital   appreciation by   investing   in a diversified basket of companies following Environmental, Social and Governance (ESG) criteria.

 

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