ICICI Prudential MF extends NFO period

Extension of NFO period of ICICI Prudential Value Fund - Series 2 till December 02, 2013

November 29, 2013 4:46 IST | India Infoline News Service
 ICICI Prudential Mutual Fund has announced extension of NFO period under ICICI Prudential Value Fund – Series 2. Accordingly, the NFO has been extended till December 02, 2013.
§ ICICI Prudential has launched Value Fund – Series 2 as a follow up NFO to Series 1 that was launched in October 2013 and collected INR 643.48 crores.
§ ICICI Prudential Value Fund – Series 2 is a 3 year close ended scheme of focused 25-30 high conviction stocks#
§ The fund will invest in good quality companies available at a discount to their true value
  • The portfolio will be co-managed by Mr. S Naren, CIO and Mr. Atul Patel, Fund Manager
§ ICICI Prudential has a successful track record of managing Value Oriented Funds (ICICI Prudential Discovery Fund has a track record for 9 years)
§ Value is a far bigger theme than any other theme in prevailing market conditions and hence this product.
ICICI Prudential Asset Management Company, one of India’s largest AMCs, has announced the launch ofICICI Prudential Value Fund Series 2, a close ended equity fund that focuses on investing in stocks that trade at a discount to their true value. The launch comes after its earlier offering Value Fund Series 1 collected INR 643.48 Crs. and hence is a second in the series of Value Funds launched this year. The launch brings forward the opportunity for investors to benefit from potential value investing opportunities that are currently available in the market.

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