ICICI Prudential Mutual Fund introduces a new opportunity for market investors with its latest New Fund Offer (NFO).
This NFO targets investors looking to invest in mutual funds, specifically focusing on the energy sector.
Overview of the Energy Opportunities Fund
The NFO, named the Energy Opportunities Fund,
is an open-ended equity scheme designed to capitalize on growth within both traditional and emerging energy sectors.
The fund aims to deliver long-term returns by investing in equity and
equity-related instruments of companies operating across various energy-related segments.
Investment Strategy and Potential Returns
Managed by Sankaran Naren and Nitya Mishra, the scheme will benchmark against the Nifty Energy TRI.
It will invest in sectors such as Power Ancillaries – Energy EPC, Power T&D Value, Heavy Electrical Equipment, Energy Manufacturing, and Transmission & Distribution.
Additionally, the fund will explore opportunities in the oil value chain, including upstream activities like oil exploration,
integrated refining and marketing, standalone refining, downstream petrochemicals, and base oil processors.
Subscription Details and Timing
The NFO will open for subscription on July 2 and remain open until July 16. Given its focus on the energy sector
and potential for long-term growth amidst the shift towards renewable energy, the NFO presents an appealing option for investors seeking sustained returns.
