 Mumbai:
PruICICI Dynamic Plan has opened for ongoing subscription
from 11 November 2002 onwards. The uniquely designed plan
has opened above par at Rs 10.0124. During the initial
public offering period, the fund had garnered a corpus
size of above 17 crore.
The
plan has a flexible investment pattern capable of investing
0-100 per cent of the funds corpus into debt or equity.
The fund philosophy is that of taking aggressive asset,
sectoral and stock specific calls to make the most of
the opportunities in the Indian stock market.
The
plan aims to capture the investment opportunities thrown
up across sectors and stocks from time to time by dynamically
altering the exposure to such sectors / scrips. The fund
also has the ability to switch into cash and debt instruments
in the case of a prolonged decline in the markets.
The
scheme has a minimum investment amount of Rs 5,000. It
carries an entry load of 1.75 per cent. There is no exit
load.
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