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ICICI Prudential Mutual Fund on Monday launched ICICI Prudential Quant Fund and the new fund offer will close for subscription on December 7. The open-ended equity scheme will invest at least 95 per cent of its corpus into equity and equity-related instruments, and up to 5 per cent in debt, money market instruments, units of mutual fund schemes, real estate investment trusts and infrastructure investment trusts. The benchmark index is S&P BSE 200. A rule based quantitative model may help to avoid pitfalls of behavioural bias as well as minimise ‘greed’ and ‘fear’, the fund house said in a scheme information document.
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