ICICI Prudential Equity Income Fund - NFO..!

ICICI Prudential 

Equity Income Fund - 
NFO..!

ICICI Prudential Mutual Fund launches an open ended equity fund 

NFO period: 18th November – 2nd December, 2014

Highlights of the NFO:

• An open ended equity fund

• Invests across equities, fixed income and arbitrage opportunities.

o Aims to generate regular income by investing significant portion in debt securities and equity arbitrage opportunities.

o Potential for capital appreciation through moderate participation in equities.

o Tax Efficient Returns: As the gross equity exposure will be greater than 65%, it will attract equity taxation*. (*Equity Taxation – Dividend income tax free; Capital gains – for more than 1 year – exempt; less than 1 year – 15%. Tax rates given are basis prevailing tax laws.)

ICICI Prudential Mutual Fund has announced the launch of ICICI Prudential Equity Income Fund, an open ended equity oriented fund that invests across equities, fixed income and arbitrage opportunities. 

Speaking on the launch of this fund and the thought behind it, Mr. Nimesh Shah, MD & CEO, ICICI Prudential Asset Management Company Ltd. said, “ICICI Prudential Equity Income Fund is a unique investment solution that aims to bring peace of mind to an investor. It offers a potential for stability and regular income with debt, potential for growth with equity, along with tax efficiency to help investor in achievement of financial goals.”

Investment Strategy ...!

• The fund will use in-house Price to Book model to maintain the unhedged equity allocation of 20-40% of the net assets with no market cap/style bias.

• The fund will aim to exploit arbitrage opportunities by buying in the spot market and selling corresponding futures in matching positions, thereby capturing positive spread between the prices.

• The fixed income portion will be predominantly invested in corporate debentures; maturity profile of debt instruments will be based on outlook on current market conditions, interest rate outlook and the stability of ratings.

• The debt securities and equity arbitrage opportunities together form 60-80% of the net assets.

 

The equity portion of the fund will be jointly managed by S. Naren and Chintan

Haria.

The debt portion of the fund will be managed by Manish Banthia.

The Fund Manager for overseas securities is Shalya Shah

The minimum application amount for the fund is Rs. 5,000- (plus in multiples of Re.

For further information please contact:

Adil Bakhshi

Head - Corporate Communication

Direct line: (91.22) 4238 0274

Email Id: Adil_Bakhshi@icicipruamc.com

Bhushan Parab

Asst. Manager - Corporate Communication

Direct line: (91.22) 4238 0251

Email Id: Bhushan_Parab@icicipruamc.com

Juhi Kapoor

Asst. Manager - Corporate

Communication

Mobile : 9930067766

Email Id: Juhi_Kapoor@icicipruamc.com

Naheed Contractor/Divya Tejnani

Image Manager/ Associate Image Manager -

Perfect Relations

Mobile : 9324541187 /9323447671

Email Id : ncontractor@perfectrelations.com ;

dtejnani@perfectrelations.com

For Media Contact Chennai

Mr. Udaya Kumar 99406 37802, Chennai

Email: ukumar@perfectrelations.com

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