PruICICI Dynamic Plan opened for subscription from 11 Nov

Mumbai: PruICICI Dynamic Plan has opened for ongoing subscription from 11 November 2002 onwards. The uniquely designed plan has opened above par at Rs 10.0124. During the initial public offering period, the fund had garnered a corpus size of above 17 crore.

The plan has a flexible investment pattern capable of investing 0-100 per cent of the funds corpus into debt or equity. The fund philosophy is that of taking aggressive asset, sectoral and stock specific calls to make the most of the opportunities in the Indian stock market.

The plan aims to capture the investment opportunities thrown up across sectors and stocks from time to time by dynamically altering the exposure to such sectors / scrips. The fund also has the ability to switch into cash and debt instruments in the case of a prolonged decline in the markets.

The scheme has a minimum investment amount of Rs 5,000. It carries an entry load of 1.75 per cent. There is no exit load.