A new equity fund scheme is unveiled by ICICI prudential. The scheme will primarily aim on investing in equity securities of the companies that are likely to notice expansion on return in equity. Customers can register for the scheme from January 20th to February 7, 2014.
ICICI prudential manager stated that the product is focusing on choosing the stocks that have probability to gain from factors like change in industry, enhancement in economy. He further stated that since now election are approaching this is the best time to invest in equity, the steady government will help the company’s stock to rally by nearly 15-20%.
After the elections infra sector will be in a state to provide with more returns as there will be more spending by the new government on the sector.