ICICI Prudential Mutual Fund has launched a new Open Ended Growth scheme named “ICICI Prudential Active Momentum Fund” with maturity period of 0 days from the launch date.

The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Jul 08 to Jul 22, 2025.

According to the offer document filed with SEBI, the entry load is Nil and exit load is 1.

The minimum application amount is Rs 5,000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth, IDCW, IDCW-Reinvestment.

The fund manager of the scheme will be Manasvi Shah, while the performance of the scheme will be benchmarked against NIfty 500 Total Return.

To generate long-term capital appreciation by investing in Equity & Equity related instruments of companies reflecting momentum factors. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.