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Mumbai, May 21 ICICI Prudential Target Returns Fund has mopped up over Rs 800 crore in its new fund offer, ICICI prudential AMC said on Thursday.

The open-ended diversified equity fund, which was launched on April 15, closed for subscription on May 14.

“The fund is specifically designed with the objective of providing investors with trigger options to pre-set their investment objectives by allowing them to re-balance the investment to pre-select debt funds, once their investment objectives are met,” a press release says.

The fund has seen a significant response from retail investors with almost 90 per cent of the collection through retail participation, said Mr Vikram Kaushal, Head Retail Sales & Distribution.

More Stories on : New Fund Offer | Mutual Funds

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