myplexus

NFO Monitor

Fund Fact

Name of Funds:

ICICI Prudential Innovation Fund

Opening:

10th April 2023

Closing:

24th April 2023

Minimum Investment:

Rs.5,000/- (plus in multiple of Re. 1)

Plan:

Regular and Direct

Options:

Growth and IDCW

Entry Load:

Not Applicable

Exit Load:

1% of applicable NAV if the amount sought to be redeemed/switched out within 12 months from allotment

Fund Stats

Objective:

The Scheme is an open ended thematic fund. The objective of the Scheme is to generate long term capital appreciation by predominantly investing in equity & equity related securities of companies and units of global mutual funds/ETFs that can benefit from innovation strategies and theme.

Benchmark:

NIFTY 500

Fund Manager:

Anish Tawakley, Vaibhav Dusad, Sharmila D’mello

Asset Allocation

80-100% Equity upto 20% Money Market

upto 20% Debt upto 10% Others

Comparable existing schemes

Aditya Birla Sun Life Banking and Financial Services	1.33(6M)	9.10(1Y)
Bank of India Manufacturing and Infrastructure	4.11(6M)	5.21(1Y)

Fund Prognosis

Idea Distiller

The world is undergoing a deep change and so are businesses. The fund aims to capture innovations catering to such changes.

Fund House AAUM:
Rs. 52283155.32 Lakhs (as on 31st March 2023)
Fund Manager:
Combined experience of above 24 years

Scheme DNA 4 fundamentals

Uniqueness

Return

Risk

Operability

Oomph Factor

There are plenty going for it but patience is of the essence. Price realisation is not going to happen overnight and available stocks are limited in the listed space. I might keep aside a small amount as an experiment.

We provide a range of tools and financial know-how that can help you make the most of your short-term and long-term investment goals.

Important Links

Fund

Snapshot

Company

Registered with AMFI AMFI Registration No: 2654 Initial Registration Date: 19th March 2003 Validity: 14th May 2025 to 23rd May 2028