Saturday, August 1, 2009

ICICI Prudential R.I.G.H.T. Fund (G)

ICICI Prudential R.I.G.H.T. (Rewards of Investing and Generation of Healthy Tax Savings) Fund is a ten year close-ended equity linked savings scheme that seeks to generate long-term capital appreciation to unit-holders from a portfolio that is invested predominantly in equity and equity related securities of large capitalization companies and emerging mid cap companies along with income tax benefit.

Issue Open: 09-Jun-2009
Issue Close: 09-Sep-2009
Mutual Fund Family: ICICI Prudential Asset Mgmt.Co. Ltd
Fund Class: Equity Tax Saving
Fund Type: Close-Ended
Investment plan: Growth
Fund Manager: Prashant Kothari
Entry Load: 2.25%
Exit Load: 1.00%
Minimum Investment: Rs. 500
Other Info: Entry load of 2.25% for investment amount less than Rs 5 crore. Exit Load 2% of applicable NAV if redeemed within 2 years after completion of 3 years lock-in period.

Interest is back in stock markets and its related investment avenues like IPOs, Mutual funds, derivatives etc. We would recommend investors to invest in this IPO.

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