October 25, 2026 03:51 am (IST)
Follow us:
ICICI Prudential launches ICICI Prudential Growth Fund
New Delhi, July 18 (IBNS): ICICI Prudential Mutual Fund has announced the launch of ICICI Prudential Growth Fund-Series 2, a three and half year close ended equity fund that aims to provide capital appreciation by investing in a well-diversified portfolio of equity and equity related instruments.
Speaking on the launch of this fund and the thought behind it, Nimesh Shah, MD & CEO, ICICI Prudential Asset Management Company Ltd. said, “The Indian economy is on the cusp of bouncing back from the crunching slowdown of the past few years. Many comprehensive measures have been announced by the new government for getting economic growth back on track. With the economy bound to recover sooner or later, we believe equities make a case for investment as the compounding asset class. At the current market valuations, we recommend investors look at equities with a three to five year horizon”
The fund will be managed by Yogesh Bhatt, Fund Manager, ICICI Prudential AMC and. Vinay Sharma, Fund Manager, ICICI Prudential AMC.
Overseas investment will be managed by Ashwin Jain.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Tech Mahindra partners with SpaceXSI to accelerate AI-powered software development for global enterprises
Fri, Oct 23 2026
Understanding the Process of Pledging Mutual Fund Units
Fri, Oct 23 2026
Onion prices set to get relief? Centre sends 440 tonnes to Tripura ahead of festive season
Fri, Oct 16 2026