NFO of ICICI Prudential to Remain Open till April 26
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“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.