New Delhi: Energy, like capital, is the lifeline of any economy. Being the fastest-growing major economy in the world, India’s consumption of energy will only rise at a faster clip. China is an example of how the growth of a major economy can lift the energy sector. Against this backdrop, ICICI Prudential has floated an NFO of the Energy Opportunity Fund.
ICICI Pru Energy Opportunities Fund NFO
There are only 8 days left to invest in ICICI Pru Energy Opportunities Fund NFO. July 16 is the last day to grab it at the new fund offer (NFO) price. The investment universe that this fund will tap into will be huge. ICICI Pru Energy Opportunities Fund will be investing in stocks related to:
Power ancillaries
Oil value chain
Green energy such as solar, wind, hydrogen, and bio-energy.
The fund will also tap into stocks related to the gas value chain (LNG terminal, gas as transmission, etc.)
Power value chain stocks (coal producers, power generation, etc.)
The government’s target of “net zero” by 2070 is also a major impetus for the growth of green energy in this country with a continuing dependence on fossil-based fuel.
ICICI Pru Energy Opportunities Fund risk-o-meter
ICICI Prudential Energy Opportunities Fund’s bias will be towards large-cap stocks. The fund is an open-ended equity scheme. It would offer a regular plan and a direct plan. The minimum application amount is Rs 5,000 and it can be raised in multiples of Rs 1. The risk of this fund is categorised as ‘Very High’. The investor can redeem any amount he/she wants.
There is no entry load and if sold 3 months later, there is no exit load either. However, selling units before the expiry of 3 months will attract an exit load of 1 per cent. Sankaran Naren and Nitya Mishra will manage the fund. Sharmilla D’Mello will manage the overseas investments of this fund.
India is the world’s 3rd largest energy market and growing to be the largest in the future. Be a part of India’s growth story by investing in the ICICI Prudential Energy Opportunities Fund, which makes the most of India’s energy sector opportunities and aims to power up your… pic.twitter.com/FgkBaoMJun
— ICICIPruMF (@ICICIPruMF) July 4, 2024
ICICI Pru Energy Opportunities Fund theme
ICICI Prudential Energy Opportunities Fund has a decadal theme with a long-term bias and, therefore, investors with a long-term horizon could find this fund useful. However, it is advisable that before putting your money, you should consult a qualified financial advisor on whether this fund is appropriate for your financial goals.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
ICICI Prudential Energy Opportunities Fund will pick stocks involved in both traditional and modern energy sources. Given that India’s energy hunger will keep rising with its economic growth, the sector holds has a lot of promise. Business Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
