ICICI Prudential Mutual Fund Files Draft for Energy Opportunities Fund with SEBI

ICICI Prudential Asset Management Company Ltd. is a leading player in the Indian asset management industry. The company has built a strong reputation for bridging the gap between traditional savings and long-term investment goals. Through its innovative investment solutions, it aims to help investors create sustainable wealth over time. 

ICICI Prudential AMC is a joint venture between ICICI Bank, a prominent Indian financial institution, and Prudential Plc, a pan-Asia and Africa-focused financial services group. The collaboration has allowed the AMC to leverage the strengths of both entities, resulting in a robust and trusted brand in the Indian Mutual Fund industry. The partnership has solidified the company’s position as a leader in providing diverse and relevant investment opportunities.

A New Opportunity in the Energy Sector

Recently, ICICI Prudential Mutual Fund has filed draft offer documents with the Securities and Exchange Board of India (SEBI) for a new fund focused on the energy sector. The fund, named ICICI Prudential Energy Opportunities Fund, is an open-ended equity scheme that aligns with the energy theme. It aims to provide investors with an opportunity to invest in a wide range of energy-related sectors.

Investment Objective and Fund Details

The objective of the fund is to offer investors the potential for long-term capital appreciation by investing in equity and equity-related instruments. These instruments focus on companies involved in activities related to traditional and new energy, including exploration, production, distribution, transportation, and processing. The fund covers a wide range of industries and sectors, such as oil & gas, utilities, and power. However, like all investments, there’s no guarantee that the fund will achieve its investment objective.

Key Features and Requirements

Here are some important details about the ICICI Prudential Energy Opportunities Fund:

Category: Equity Scheme – Sectoral/Thematic

Benchmark: Nifty Energy TRI

Minimum Application Amount: Rs 5,000/- (plus in multiples of Re.1)

Minimum Application for Switch-ins: Rs 5,000/- (and any amount thereafter)

Minimum Additional Application: Rs 1,000/- (plus in multiples of Re.1)

Fund Manager: Mr. Anish Tawakley

This new fund presents an exciting opportunity for investors looking to focus on the dynamic and evolving energy sector. As always, investors should conduct thorough research and consider their financial goals and risk tolerance before investing in any fund.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.