ICICI Pru Flexicap Fund collects highest ever amount of Rs 10k cr in NFO

The Flexicap fund from ICICI Prudential MF aims to follow a mix of top-down and bottom-up approach to spot opportunities in large-, mid- and small-cap spaces respectively

ICICI Prudential Flexicap Fund has collected around Rs 10,000 crore in its new fund offer (NFO), which closed on Monday.

Market participants say that this is the highest amount raised by any active equity fund in the history of mutual funds.

The Flexicap fund from ICICI Prudential MF aims to follow a mix of top-down and bottom-up approach to identify opportunities in the large-, mid- and small-cap spaces respectively.

The investment universe for the scheme will be the S&P BSE 500, an index of top 500 companies in terms of market value.

The stock selection can be based on multiple