ICICI Prudential Mutual Fund has launched the ICICI Prudential Contra Fund which is open for subscription and will close on October 12. The fund is an open ended equity scheme following a contrarian investment strategy.
The scheme will be managed by Sankaran Naren, along with Dharmesh Kakkad, Sakshat Goel, Gaurav Chikane. The performance will be benchmarked against Nifty 500 TRI. The minimum investment amount is Rs 1,000 (& in multiples of Re 1).