ICICI Prudential Active Momentum Fund Filed Draft With SEBI

ICICI Prudential Mutual Fund has filed a draft for the ICICI Prudential Active Momentum Fund, an open-ended equity scheme that follows a momentum-based investing strategy. The fund aims to invest in equity and equity-related instruments of companies exhibiting momentum factors.

Investment Allocation

The scheme’s allocation will be:

• 80-100% in equity and equity-related instruments reflecting momentum factors
• 0-20% in other equity instruments
• 0-20% in debt and money market instruments
• 0-10% in REITs and INVITs​

Benchmark and Risk

The fund will be benchmarked against the Nifty 500 TRI (Total Return Index). As per the draft document, the scheme falls under a high-risk category, meaning investors should evaluate their risk tolerance before considering this investment​.

New Fund Offer and Pricing

During the New Fund Offer (NFO) period, units will be available at a face value of ₹10 per unit. Afterwards, the fund will be open for continuous sale and repurchase within five business days from the allotment date. The minimum investment amount required is ₹5,000, with subsequent investments in multiples of ₹1​.

Exit Load and Expenses

If an investor redeems or switches units within 12 months, a 1% exit load will be applicable. No exit load is charged after this period. The total expense ratio (TER) is capped at 2.25% as per SEBI regulations​.

Subscription and Redemption Options

Investors can subscribe, redeem, or switch units through the ICICI Prudential AMC website, mobile app, and other registered transaction platforms. Systematic Investment Plans (SIP), Systematic Transfer Plans (STP), and Systematic Withdrawal Plans (SWP) are also available​.

This filing outlines the structure and operational details of the fund. Further updates may follow upon regulatory approvals.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.