ICICI Prudential Mutual Fund launched the ICICI Prudential Bharat Consumption Fund-Series 2, a close ended growth scheme. The NFO opens for subscription on April 12, 2018 and closes on April 26, 2018. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000.
The scheme's performance will be benchmarked against Nifty India Consumption Index and its fund managers are Mrinal Singh and Priyanka Khandelwal.
The investment objective of the scheme is to provide capital appreciation by investing predominantly in equity and equity related instruments of sectors that could benefit from growth in consumption and related activities.