ICICI Prudential Mutual Fund has announced the launch of the ICICI Prudential Target Returns Fund, an open ended diversified equity fund on 15 April 2009. The new issue will be open for the subscription till 14 May 2009. The NFO price for the fund is Rs 10 per unit.
The investment objective plan is to seeks to generate capital appreciation by investing in equity or equity related securities of large market capitalization companies constituting the BSE 100 index and providing investors with options to withdraw their investment automatically based on triggers for preset levels of return as and when they are achieved.
The minimum investment amount under retail plan is Rs. 5,000
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