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ICICI Prudential Nifty Oil & Gas ETF is an open-ended Exchange Traded Fund (ETF) launched by ICICI Prudential Mutual Fund on July 8th, 2024. The scheme aims to track the performance of the Nifty Oil & Gas TRI, an index that reflects the performance of companies in the oil and gas sector of the Indian stock market. There is no exit load for units sold on the secondary market (BSE/NSE). However, investors are responsible for any brokerage fees incurred during the sale. The minimum investment amount is Rs 100.
The performance of the ICICI Prudential Nifty Oil & Gas ETF will be benchmarked against Nifty Oil & Gas TRI. Since the scheme is an ETF scheme, the composition of the benchmark is such that it is most suited for comparing the performance of the Scheme.
This NFO of ICICI Prudential Nifty Oil & Gas ETF is suitable for investors who are seeking a long term wealth creation & an Exchange Traded Fund that aims to provide returns that correspond to the returns provided by Nifty Oil & Gas Index, subject to tracking error.
| Instruments | Indicative allocations (% of total assets) | Risk Profile |
| Equity and Equity related securities of companies constituting the underlying index (Nifty Oil & Gas Index) | 100 – 95 | Very High |
| Money market instruments including TREPs | 5 – 0 | Very Low |
The performance of the ICICI Prudential Nifty Oil & Gas ETF will be benchmarked to the performance of the Nifty Oil & Gas TRI.
Nishit Patel
Since July 8, 2024, Nishit Patel has been a mutual fund manager at ICICI Prudential Mutual Fund. He holds a Bachelors of Commerce Degree and is also a qualified Chartered Accountant. Before joining ICICI Prudential Mutual Fund, he also worked at K.K. Dand & Co.
Priya Sridhar
Priya Sridharhas also been a fund manager at ICICI Prudential Mutual Fund since July 8, 2024. She holds a Bachelor of Commerce degree and a Master of Financial Management. Prior to her current role, she worked at ITI Mutual Fund and LIC Housing Finance Ltd.
| Scheme Name | 1 Year Returns (%) | 3 Years Returns (%) | 5 Years Returns (%) | 10 Years Returns (%) | YTD Returns (%) | Since Launch Returns (%) |
| Category Average | 34.97 | 16.67 | 17.25 | 11.63 | 17.03 | 19.25 |
Data as of July 05, 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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