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Should investors in ICICI Value Fund- series 19 roll over to Value Discovery fund? Synopsis The closed-ended scheme which was launched in 2018 was scheduled to mature on June 24. ICICI Prudential Mutual Fund announced the merger of its closed-ended scheme- ICICI Prudential Value Fund Series 19 into the ICICI Prudential Value Discovery fund, it’s flagship value scheme. Both these schemes are value funds and managed by S Naren. The closed-ended scheme which was launched in 2018 was scheduled to mature on June 24. In three years, the scheme has offered 13.57% vs 11.74% offered by the benchmar...
I am 70 years old and have sufficient investments so that I receive ₹60,000 per month by way of rent and interest on my SCSS and fixed deposits. Our monthly expenses of ₹45,000 leave a balance of ₹15,
ICICI Prudential Mutual Fund has decided to merge Value Fund-Series 19, one of its largest closed-ended fund, into the Value Discovery Fund, an open-ended scheme.