HomeFinanceICICI Prudential Flexicap NFO to open on June 28 know important things...

ICICI Prudential Flexicap NFO to open on June 28 know important things related to it

The fund has consistently been successful in attracting investors. It has the best flexible categories. It contains the fundamentals, valuation and other parameters of the company.

ICICI Prudential Mutual Fund has announced the launch of a new Fund Operator (NFO). This fund will be a flexi-cap fund. It will open on 28 June and close on 12 July. Flexi-caps have emerged as the second largest category in the equity mutual fund universe. The fund has consistently been successful in attracting investors. It has the best flexible categories. Because fund managers have the freedom to invest in large, mid and small cap stocks without any restriction.

Adopting an in-house market cap allocation model, ICICI Prudential Flexicap Fund invests in all market capitalizations. Apart from this, the fund operates on the basis of macro economic factors and business cycle. The fund seeks opportunities in large, mid and small cap sectors.

Flexicap Fund invests in all three caps large, mid and small caps, hence there is less downside in large caps during market volatility. It is being said that economic recovery is also expected after the lockdown. In this case mid cap and small cap may go up

It is being told that in the initial stage, the market cap allocation for this fund can be 50-100 per cent in large caps. It can invest from zero to 50 percent in mid and small caps. Flexicap scheme performs well across all market cycles. You can invest at least 5 thousand rupees in this scheme.

ICICI Chief Investment Officer S. According to Naren, India is in the early stages of recovery of the economic cycle. Historically, in the recovery phase, such companies have the power to emerge stronger in the market. He believes that it is possible to improve the profits of these companies in the coming time.

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Pravesh Kumar is associated with Informalnewz since last 5 years and head content department. He has done bcom in finance and loves writing.

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