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ICICI Prudential Mutual Fund Launches Contrarian Equity Scheme

2 reports, 2 independent Updated Fri 00:00
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AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

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ICICI Prudential Mutual Fund has opened a new fund offer for a contra fund, which is available for subscription until October 12. The scheme will be managed by Sankaran Naren, alongside Dharmesh Kakkad, Sakshat Goel, and Gaurav Chikane. The fund will follow a contrarian investment strategy and benchmark its performance against Nifty 500 TRI.

From indiatimes.com

Why it matters

Some supportBrind's analysis of the reports

The new fund is designed for investors seeking long-term wealth creation and will allocate 80-100% in equity and equity-related instruments. The fund house stated the strategy involves calculating research before making calls, while exercising caution regarding leveraged stocks and disruption risk.

From indiatimes.com

How it developed

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  1. Naren advised on Indian equity markets.1 source
  2. Sankaran Naren appointed as ED & CIO of the fund.1 source

Coverage

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