ICICI Prudential Mutual Fund has launched the ICICI Prudential Energy Opportunities Fund, an open-ended equity scheme that will mainly focus on investments in the energy sector.
Investment Objective : The investment objective of the Scheme is to provide investors with opportunities for long term capital appreciation by investing in equity and equity related instruments of companies engaging in activities such as exploration, production, distribution, transportation and processing of traditional & new energy including but not limited to industries/sectors such as oil & gas, utilities and power. However there can be no assurance or guarantee that the investment objective of the scheme will be achieved
Exit Load:
1% of applicable Net Asset Value - If the amount sought to be redeemed or switch out is invested for a period of up to three months from the date of allotment
Nil - If the amount, sought to be redeemed or switch out is invested for a period of more than three months from the date of allotment The Trustees shall have a right to prescribe or modify the exit load structure with prospective effect subject to a maximum prescribed under the Regulations
“Energy is the cornerstone of industrial growth and economic development. With the ongoing transition towards renewable energy and the government's focus on achieving net-zero emissions, the energy theme offers significant growth potential. Through this scheme, investors can gain access to a diversified portfolio of companies across the energy value chain. Although the Nifty Energy Index has outperformed the broader market recently, the valuations remain reasonable, and investors may consider this scheme from a long-term perspective,” said Sankaran Naren, ED and CIO, of ICICI Prudential Mutual Fund to Economic Times
Energy as an investment theme is an attractive investment option in current scenario. Nifty Energy sector Index includes companies belonging to Petroleum, Gas and Power sectors. The Index comprises of 10 companies listed on NSE. Please see the list of top energy stocks which may form the part of this portfolio :
Contact us at : 9307218766 or send whatsapp at : 9118197001, if interested in investing in this NFO
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