ICICI Prudential Mutual Fund launches it's New Fund Offer "ICICI Prudential Innovation fund".

ICICI Prudential mutual fund is introducing a new investment scheme called the "ICICI Prudential innovation fund" . This is an open-ended investment plan that will primarily invest in stocks and related securities of companies that focus on innovation themes and strategies. The fund will also invest in global mutual funds/ETFs that can benefit from such themes. The subscription for the fund opens on April 10 and closes on April 24.

The fund invests in companies across various sectors, including healthcare, technology, consumer goods an financial services, among others. The companies in the funds portfolio are carefully selected based on their potential to disrupt traditional industries and create long-term value for shareholders.

What sets the ICICI Prudential Innovation Fund apart from other funds is its focus on innovation. By investing in companies that are at the forefront of technological change, the fund aims to provide investors with exposure to high-growth industries and innovative business models

Why invest in ICICI Prudential Innovation Fund?

There are several reasons why investors should consider investing in the ICICI Prudential Innovation Fund. Firstly the fund provides exposure to innovative companies that have the potential to generate long-term growth. These companies are typically in high growth industries that are driven by technological innovation, such as healthcare, e-commerce and fintech.

The fund is well-diversified across various sectors, which,which helps to mitigate risks associated with investing in a single industry or company. This diversification helps to reduce the impact of any adverse events on the fund's overall performance.

How to invest in the ICICI Prudential Innovation Fund?

Investing in the ICICI Prudential Innovation Fund is easy and can be done online or offline. To invest online, investors can visit ICICI Prudential mutual fund website or any other online platform that offers mutual fund investment services. Investors can also invest in the fund offline by visiting any nearby ICICI Prudential mutual fund branch or registered mutual fund distributor.

Investor can start investing in the fund with minimum investment of Rs. 5000 and subsequent investment of rupee one, The Fund also offers a Systematic Investment Plan (SIP) option, which allows investors to invest a fixed amount at regular intervals.The fund has both the options available I.e. growth and IDCW(income distribution cum withdrawal). This fund will be managed by Anish Tawakley and Vaibhav Dusa and Sharmila D'mello will manage overseas Investment. This fund is benchmarked against Nifty 500 TRI. It has an exit load of 1% of applicable NAV, if switch or redeem within 12 months of your Investment, exit load is nil if redeem or switch after 12 months.

What are the Benefits of investing in the ICICI Prudential Innovation Fund?

1 - Exposure to innovative companies: The fund provides investors with exposure to companies that are developing innovative solutions and disrupting traditional business models. These companies have the potential to generate high returns and outperform the broader market

2 - Diversification : The fund's portfolio is diversified across various sectors, which helps reduce risk and ensures that the fund is well-positioned to capitalise on opportunities across different industries.

3 - Active Management: The fund is actively managed by a team of experienced fund mangers who use a research driven approach to identify companies with strong growth potential.

4 - Potential for high Returns:  The funds long term investment horizon and focus on innovative companies with sustainable competitive advantage can potentially leads to high returns for investors.

5 - Flexibility: The fund is open ended, which means that investors can invest or redeem their investments at any time. This flexibility allows investors to adjust their portfolio based on their investment goals and risk appetite.

Investor who has a long term Investment horizon can invest in this fund. As this fund invests in equity and equity related securities , your money could be at very high risk. For product suitability please consult your financial advisor.

In conclusion, the ICICI Prudential Innovation Fund offers investors the opportunity to support innovative companies that are driven growth and transforming industries. With its focus on innovation, diversification, active management, long term investment horizon, and flexibility, the the fund is well-positioned generate high returns over the long term.

Disclaimer - Mutual Fund Investment are subject to market risks, read all scheme related documents carefully.