Business   

ICICI Prudential launches Indo Asia equity fund

CHENNAI: ICICI Prudential Mutual Fund has announced the launch of ICICI Prudential Indo Asia Equity Fund.

The fund is an open-ended diversified equity scheme that will invest predominantly in equity and equity related securities.

The fund will invest 65 per cent or more directly into Indian equities, and will initially invest up to 35 per cent in Asian Equity Fund (an open ended equity fund managed by Prudential Asset Management, Singapore) that invests in equity markets across the Asia-pacific region ex-Japan.

Subsequently, the fund may choose to make investment in listed securities in the Asia Pacific Region ex-Japan, according to a release.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

IOC to invest Rs. 1,500 crore
Is education a service or industry?
Tata Steel turns 100
TVS Motor Company to look at IT as profit centre
ICICI Prudential launches Indo Asia equity fund
Kirby India to expand

Copyright © 2007, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu