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Question

Which mutual fund house has launched an innovation fund which will invest in domestic and foreign companies involved in either product or solution related innovation and will invest a minimum of 80 per cent in companies adopting innovation strategies and themes?

A Axis Mutual Fund Correct Answer Incorrect Answer
B HDFC Mutual Fund Correct Answer Incorrect Answer
C ICICI Prudential Mutual Fund Correct Answer Incorrect Answer
D SBI Mutual Fund Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

ICICI Prudential Mutual Fund has launched an innovation fund which will invest in domestic and foreign companies involved in either product or solution related innovation. The scheme will invest across market capitalisation and sectors. The ICICI Prudential Innovation Fund will invest a minimum of 80 per cent in companies adopting innovation strategies and themes. The scheme may invest up to 20 per cent of its net assets in overseas securities.

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