ICICI Pru MF raises equity exposure in Child Care Fund

ICICI Prudential Asset Management Co Ltd said on Friday ICICI Prudential Child Care Plan-Gift Plan could invest 100% of the assets in equities from August 25 as compared with 80% now. The fund will invest at least 65% of the assets in equities and the rest in debt and money market instruments. Those not willing to accept the change might exit the fund without paying any load up to August 24, the asset manager said. The fund house managed assets worth about Rs 436 billion at the end of June, data from Association of Mutual Funds in India showed.