Closed 12 Oct 2026 ICICI Prudential Mutual Fund · Equity · Contra
ICICI Prudential Contra Fund is a new scheme from ICICI Prudential Mutual Fund, in the Equity · Contra category. Its new fund offer ran from 28 Sep 2026 to 12 Oct 2026. The minimum investment is ₹1,000. Units were offered at ₹10 each during the offer.
| Fund house | ICICI Prudential Mutual Fund |
|---|---|
| Category | Equity · Contra |
| Scheme type | Open Ended |
| NFO opens | 28 Sep 2026 |
| NFO closes | 12 Oct 2026 |
| Offer price | ₹10 per unit |
| Minimum investment | 1000 |
| Exit load | Entry Load Nil, Exit Load: • 1% of the applicable NAV If the amount sought to be redeemed or switched out within 1 month from allotment.• NIL - If the amount sought to be redeemed after 1 month. The Trustees shall have a right to prescribe or modify the exit load structure with prospective effect subject to a maximum prescribed under the Regulations. For more details, refer section on ‘Load structure’ |
To generate long-term capital appreciation by investing in Equity & Equity related instruments following contrarian investment strategy. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
Quoted from the scheme's own document. An objective is what the scheme intends to do, not what it will achieve.
A new scheme is sold at a fixed price during its offer — here ₹10 a unit — and at its daily NAV afterwards. That fixed price is not a discount: it buys a proportionally smaller share of the same portfolio. What a new scheme genuinely lacks is a record of its own, so there is no return, no drawdown and no expense history to read yet; the objective above and the scheme information document are what exist.
Once this scheme is running you will find its NAV and performance in the Fund Explorer, and you can replay a hypothetical SIP in it with What your SIP actually did.
See all new fund offers — open, upcoming and closed.
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