Fund Facts
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Name of Fund:ICICI Prudential Innovation Fund
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Opening:10th April 2023
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Closing:24th April 2023
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Scheme Type:Open Ended Equity Sectoral/ Thematic
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Minimum Investment:Rs.5,000/- (plus in multiple of Re. 1)
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Plan:Regular and Direct
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Options:Growth and IDCW
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Entry Load:Not Applicable
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Exit Road:1% of applicable NAV if the amount sought to be redeemed/switched out within 12 months from allotment
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Thereafter:Nil
Fund Stats
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
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
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
- UNIQNESS
- RETURN
- RISK
- OPERABILITY
OOMP 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.