MUTUAL FUNDS
ICICI Prudential MF introduces ESG Fund
Sep-21-2020

ICICI Prudential Mutual Fund (MF) has launched the ICICI Prudential ESG Fund, an open ended equity scheme investing in companies identified based on the Environmental, Social and Governance (ESG) theme. The NFO opens for subscription on September 21, 2020 and closes on October 5, 2020. The Entry load is not applicable for the scheme. The Exit load will be 1%, for redemption within 12 months from the date of allotment and nil, for redemption after 12 months from the date of allotment. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against its performance to the Nifty 100 ESG TRI and its fund managers are Mrinal Singh and Priyanka Khandelwal.

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

 

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