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ICICI Pru Equity Savings–Series 1 NFO period extended till 14 Feb

The fund is valid for tax benefit under the RGESS

February 06, 2014 3:40 IST | India Infoline News Service
ICICI Prudential Asset Management Company has announced the extension of the NFO period of ICICI Prudential Equity Savings Fund, a close ended equity fund that focuses on investing in equity securities of companies which are likely to see expansion in Return on Equity over the next 3 years.
 
The fund aims at adopting a focused approach on select high conviction stocks which are likely to gain from factors such as the improving economy, a favorable regulatory change, change in the industry dynamics or company specific factors.
 
The fund, given the current opportunity available in equity, provides the investors with an excellent proposition for the long term. The NFO period is open till 14th February.
 
The portfolio will be managed by Mr. Manish Gunwani, Sr. Fund Manager and Mr. Venkatesh Sanjeevi, Fund Manager, ICICI Prudential Asset Management Company.
 
The fund will be adequately diversified while not restricting itself to the benchmark sector weights. The fund is also valid for tax benefit under the RGESS.
 

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