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ICICI Prudential Mutual Fund launches ICICI Prudential Strategic Metal and Energy Equity Fund of Fund

NFO period: 17th January - 31st January, 2022

Highlights of the NFO:

  • Scheme type - An open ended fund of fund scheme investing in Units/shares of First Trust Strategic Metal and Energy Equity UCITS Fund

  • Investment objective - ICICI Prudential Strategic Metal and Energy Equity Fund of Fund (the scheme) is an open-ended fund of fund scheme that invests in the units/shares of First Trust Strategic Metal and Energy Equity UCITS Fund. The scheme may also invest a certain portion of its corpus in domestic debt or money market securities and/or debt mutual fund schemes/liquid schemes of domestic mutual funds including that of ICICI Prudential Mutual Fund, in order to meet liquidity requirements from time to time. However, there can be no assurance that the investment objective of the scheme will be realized.

  • Product suitability - This product is suitable for investors who are seeking long term wealth creation solution. An open ended fund of fund scheme by investing in Units/shares of First Trust Strategic Metal and Energy Equity UCITS Fund.

  • Minimum Application Amount - First investment is Rs. 1,000/- and in multiples of Rs. 1/- thereafter

  • Plan/ Options available - Direct Plan having Growth Option and Income Distribution cum capital withdrawal option (IDCW) with Payout of Income Distribution cum capital withdrawal (IDCW Payout) sub-option and Reinvestment of Income Distribution cum capital withdrawal (IDCW Reinvestment) sub-option.

  • Fund Managers - Ms. Priyanka Khandelwal

  • Benchmark - NYSE Arca Gold Miners Index and the S&P Oil & Gas Exploration & Production Select Industry Index

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)