About the Company:
ICICI Prudential Mutual Fund, a collaboration between ICICI Bank and Prudential Plc, is a leading asset management company in India. It offers diverse investment solutions across equity, debt, and hybrid funds, catering to varied financial goals and investor needs.
About the Fund:
ICICI Prudential Mutual Fund introduces a new sectoral NFO, ICICI Prudential Rural Opportunities Fund, an open-ended scheme focused on long-term capital growth through investments in equity and related instruments of companies aligned with rural and allied themes.
Type of Fund:
The type of the fund is an open-ended sectoral fund.
Manager:
The fund is managed by Sankaran Naren and Priyanka Khandelwal seasoned professionals with extensive experience in financial markets and portfolio management.
Open and Close Date:
The NFO opens on January 10, 2025, and closes on January 24, 2025.
Minimum and Maximum Investment:
The minimum investment required is ₹5,000. There is no maximum investment limit.
Benchmark Name:
The benchmark for the fund is the Nifty India Rural Index.
Allocation with Percentage:
The fund to invest predominantly in equity and equity related instruments of rural theme companies.
Objective:
The objective of ICICI Prudential Rural Opportunities Fund is to generate long-term capital appreciation by investing in equity and related instruments of companies aligned with the Nifty India Rural Index.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
