ICICI Prudential Flexicap Fund is an open-ended scheme that will invest across large, mid and small cap stocks. The NFO will close on 12 July. Here are the important highlights about the scheme.
| Good to know
Flexicap Fund A flexicap fund invests in companies or stocks across market capitalisation. This helps in reducing risks and volatility. Flexicap funds were earlier referred to as multicap funds. |
Investment objective
The scheme aims to invest in companies across market capitalisation. The fund will use a mix of top-down and bottom-up strategies.
A top-down investment approach, which includes looking at parameters such as economic indicators, policy response and inflation, will be predominantly used to hunt opportunities in large cap space. Meanwhile, a bottom-up investment style takes into consideration parameters such as growth outlook, management track record and valuations and will be deployed for primarily investing in mid and small cap space.
The tentative asset allocation of the fund will be between 50-100% for large cap and up to 50% for mid and small caps.
The ability to move across market caps provides the fund with the flexibility to manoeuvre various market cycles and mitigates risks. Also, these traits help in compounding investors’ money over the long term.
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Asset allocation
| Instrument | Indicative Allocations (% of total assets) | Risk Profile | |
| Maximum | Minimum | ||
| Equity & Equity related instruments of largecap, midcap and smallcap companies | 100 | 65 | Medium to High |
| Other Equity and Equity related instruments | 35 | 0 | Medium to High |
| Debt instruments, Units of Debt Mutual Fund schemes and Money market instruments | 35 | 0 | Low to medium |
| Preference shares | 10 | 0 | Medium to high |
| Units issued by REITs and INVITs | 10 | 0 | Medium to High |
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Scheme details
| Name | ICICI Prudential Flexicap Fund |
| Type | An open ended dynamic equity scheme investing across large cap, mid cap & small cap stocks. |
| Category | Equity Scheme |
| Benchmark | S&P BSE 500 TRI |
| Entry/exit load |
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| Fund Manager | Rajat Chandak |
| Minimum application amount
Minimum additional application amount |
₹5,000 (plus in multiples of Re.1)
₹1,000 (plus in multiples of ₹1) |
| Expense ratio | Up to 2.25% |
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| This product is suitable for investors who are seeking*: | Riskometer |
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**Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Note: The above information has been sourced from the Scheme Information Document provided by ICICI Prudential Asset Management Company. To read the entire document, click here.
Disclaimer: The above article is purely academic in nature and aims to provide knowledge about basic trading concepts & should not be construed as an opinion or advice to invest or trade. RKSV Securities India Private Limited (brand name Upstox) is the distributor of the mutual fund. Mutual fund investments are subject to market risks; please read all the related documents and/or consult your investment advisor before investing. Past performance of an investment asset does not guarantee future returns.
Mutual fund investments are subject to market risks, read all scheme related documents carefully.
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