ICICI Prudential Mutual Fund has announced the launch of a flexicap fund, an open-ended equity scheme, which aims to provide capital appreciation by investing in equity and equity-related securities across market capitalisation, based on an in-house market cap allocation model.
The new fund offer will open on 28 June and close on 12 July. The flexicap fund will follow a mix of top-down and bottom-up approach to identify opportunities in large-, mid- and small-cap spaces.
According to AMC, the investment universe considered will be the S&P BSE 500 and the stock selection can be based on multiple parameters such as company fundamentals, valuations, among others.
