ICICI Prudential Mutual Fund launched a new open-ended thematic equity scheme named ICICI Prudential Energy Opportunities Fund. The scheme aims for long-term capital appreciation by investing in companies engaged in traditional and new energy sectors, including exploration, production, distribution, transportation, and processing activities. The investment in oil & gas, utilities, and power sectors are also part of the scheme’s focus. There is no assurance that the investment objective will be achieved.
The new fund offering opened on July 2nd, 2024 and will close on July 16th, 2024. The minimum investment amount is Rs 5000 and an exit load of 1% applies if redeemed or switched out within 3 months from the date of allotment. No exit load applies after 3 months.
The investment objective of the ICICI Prudential Energy Opportunities Fund 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. There is no assurance that the investment objective of the Scheme will be achieved.
This NFO of ICICI Prudential Energy Opportunities Fund is suitable for investors who are seeking a long-term wealth creation and an equity scheme that predominantly invests in instruments of companies engaged in and/or expected to benefit from the growth in traditional & new energy sectors & allied business activities.
| Instruments | Indicative allocations (% of total assets) | Risk Profile |
| Equity & Equity related instruments of companies engaged in Energy (traditional/new) and allied sectors | 100 – 80 | Very High |
| Other equity and equity-related securities | 20 – 0 | Very High |
| Debt, Units of Mutual Fund schemes, and Money market instruments | 20 – 0 | Low to Medium |
| Units issued by REITs/InvITs | 10 – 0 | Very High |
The performance of the ICICI Prudential Energy Opportunities Fund will be benchmarked to the performance of the Nifty Energy TRI.
Anish Tawakley
Anish is a Fund Manager & Head of Research at ICICI Prudential AMC managing 16 schemes and has experience of 23 years. Currently, he manages ICICI Prudential Bluechip Fund and ICICI Prudential Manufacture in India Fund. With an overall work experience of more than two decades, he has gathered an expertise in capital markets and strategic consulting. He has been associated with Barclays, McKinsey, Bernstein, Credit Suisse in various leadership positions. Anish holds a Post Graduate Diploma in Management from Indian Institute of Management, Bangalore and a B. Tech from Indian Institute of Technology, Delhi.
Ms. Sharmila D’mello
Ms. Sharmila D’mello has been working with ICICI Prudential Asset Management Company Limited since September 2016. Ms. Sharmila D’mello, 29, holds a CA and a Bachelor of Commerce in Accounting and Finance (BAF). She worked as a support member in day-to-day functions and handled work related to MIS preparation.
| Scheme Name | AUM (Crore) | Expense Ratio (%) | 1 Year Returns (%) | 3 Years Returns (%) | 5 Years Returns (%) | 10 Years Returns (%) | Since Launch Ret (%) |
| DSP Natural Resources and New Energy | 1173.06 | 2.13 | 57.58 | 21.45 | 23.14 | 18.14 | 14.73 |
| Tata Resources & Energy | 646.34 | 0.75 | 46.04 | 19.4 | 25.6 | – | 19.12 |
| SBI Energy Opportunities | 8833.32 | 1.74 | – | – | – | – | 11.38 |
Data as of July 01, 2024
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.
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