ICICI Prudential Mutual Fund aims to raise up to Rs 2,000 cr from India Opportunities fund
6 years ago

ICICI Prudential Mutual Fund aims to raise up to Rs 2,000 cr from India Opportunities fund

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ICICI Prudential Mutual Fund house manages about Rs 28,000 crore under the scheme. Kolkata: ICICI Prudential Mutual Fund hopes to raise Rs 1,200-2,000 crore from its India Opportunities Fund, an official said on Wednesday. “We hope to raise Rs 1,200-2,000 crore in the NFO and the fund will try to tap special situations like temporary crisis, change in economic scenario, regulatory changes and global uncertainties,” ICICI Pru MF head, product development and strategy, Chintan Haria said. Meanwhile, Haria said that the discontinuation of fresh investments in the monthly dividend option from its largest scheme ICICI Prudential Balanced Advantage Fund from Wednesday will not have any major impact on the fund.

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