ICICI Prudential Equity Minimum Variance Fund: ICICI Prudential, the country’s third largest mutual fund house, has launched a new fund named Equity Minimum Variance. This NFO, launched on Monday, November 18, will close on December 2. The units will be allotted on December 4 after the closure of the NFO. This NFO of ICICI Prudential can be invested at a NAV of Rs 10.
The company’s scheme will focus on minimum volatility theme
It is an open ended equity scheme following the minimum volatility theme. Executive Director and Chief Investment Officer, ICICI Prudential Asset Management S. Naren said, we are very happy to launch ICICI Prudential Equity Minimum Variance Fund.
Equity Minimum Variance Fund to focus on large-cap stocks with low volatility
S. Naren said that the launch of this scheme reflects our defensive approach by giving preference to low volatility stocks amid high valuations of the stock markets. Let us tell you that this scheme focuses on large-cap stocks, in which stocks with low volatility are given more weightage.
For whom can this scheme be better?
This scheme will be great for those investors who want better growth through long term investment. This scheme can also be a better option for those investors who want to invest in equity but are worried about the high volatility of the market.
SIP can be started in the scheme with just Rs 100
The first investment in this scheme can be made with Rs 5,000. Apart from this, SIP in this scheme can be started with just Rs 100. Let us tell you that the current AUM of mutual fund house ICICI Prudential is around Rs 7,81,395 crore and it is the third largest mutual fund company in the country in terms of maximum asset management.
