Subscribe

0

  • Sign in with Email

By clicking the button, I accept the Terms of Use of the service and its Privacy Policy, as well as consent to the processing of personal data.

Don’t have an account? Signup

  • Bookmarks
  • My Profile
  • Log Out
  • NEWS
  • POLICIES
  • MSME OPPORTUNITIES
  • BANKING & FINANCE
  • TECHNOLOGY FOR SMES
  • SECTORS
  • GLOBAL
  • Investment
  • LEGAL
  • KNOWLEDGE QUEST
  • Future Ready Forum 2025
  • Ek Nayi Udaan
  • Future Ready Summit 2024
  • ADVERTISE WITH US
ad_close_btn
  • News
  • Policies
  • Banking & Finance
  • MSME Opportunities
  • Web Stories
  • InFocus
  • Technology For SMEs
  • Sectors
  • Global
  • Fashion

Powered by :

You have successfully subscribed the newsletter.
Finance InFocus

NFO of ICICI Prudential to Remain Open till April 26

NFO of ICICI Prudential to Remain Open till April 26

author-image
SMEStreet Edit Desk
16 Apr 2018 05:07 IST

Follow Us

New Update
ICICI Bank

The New Fund Offer or NFO of ICICI Prudential Bharat Consumption Fund- Series 2, which is currently underway, is set to close on April 26, 2018. The fund is a 3.5-year close-ended equity scheme, which aims to provide capital appreciation by investing in well-diversified portfolio of stocks that could benefit from growth in consumption and related activities.

“Currently, ICICI Prudential AMC has launched a close ended fund, ICICI Prudential Bharat Consumption Fund - Series 2, the NFO for which is currently underway and is set to close on April 26, 2018. The fund will be managed by fund manager Mrinal Singh,” said a top official of the company.

“The fund is designed to make the most of the opportunities in the consumption segment by adopting a bottom-up stock selection with 3.5 years view. Also, as a means to limit the downside of the portfolio, the fund proposes to use hedging strategies,” he added.

Given the stellar track record of the AMC when it comes to managing funds, ICICI Pru’s Bharat Consumption Fund - Series 2 makes for an interesting investment opportunity. “And, one can seize the opportunity by investing in funds which provide access to the consumption theme. Given the likelihood of the rapid growth in consumption space, this presents an interesting investing opportunity to investors as well,” the official further said.

Over the coming years, many companies in this segment with a good businesses and products are likely to scale up and deliver higher profits to shareholders. Also, several companies in the consumption are at inflection points in growth trajectory, and this is the right time to invest in them because of their immense wealth creating potential such names offer.

ICICI Prudential NFO ICICI Bank
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news
logo

Related Articles
Read the Next Article
Latest Stories
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news

Latest Stories
Latest Stories
    Powered by


    Subscribe to our Newsletter!




    Powered by
    Select Language
    English

    Share this article

    If you liked this article share it with your friends.
    they will thank you later

    Facebook
    Twitter
    Whatsapp

    Copied!