ICICI MF

ICICI Prudential Nifty 500 Index Fund is an open-ended index scheme replicating Nifty 500 Index

Scheme will invest in equity and equity-related instruments of energy companies

ICICI Prudential Mutual Fund is set to float its new scheme focusing on the energy sector on Tuesday, a move that will provide investment opportunities in this space. The energy theme involves a wide range of industries, including oil & gas, bio energy value chain, and lubricants, among others. The new fund offer (NFO) of ICICI Prudential Energy Opportunities Fund will open on July 2 and conclude on July 16, the MF house said. "With the ongoing transition towards renewable energy and the government's focus on achieving net-zero emissions, the energy theme offers significant growth potential. Through this scheme, investors can gain access to a diversified portfolio of companies across the energy value chain," ICICI Prudential MF CIO Sankaran Naren said. The open-ended scheme aims to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments of companies engaged in traditional and new energy industries as well as allied businesses.

ICICI Prudential Mutual Fund's multi-asset fund has turned into a wealth creator for investors by giving an annualised return of 21 per cent since its inception in October 2002, the company said on Friday. An investor who put in Rs 10 lakh at the time of inception would now be sitting on about Rs 5.5 crore as of September 30, indicating a Compound Annual Growth Rate (CAGR) of 21 per cent, according to a statement by ICICI Prudential Mutual Fund. In terms of Systematic Investment Plan (SIP) performance, a monthly investment of Rs 10,000 through the route since the inception on October 31, 2002, which would amount to a total investment of Rs 25.2 lakh, would have grown to Rs 2.1 crore as of September 30 this year, showing an annualised return of 17.5 per cent. ICICI Prudential Multi-Asset Fund, which recently completed 21 years, has an Asset Under Management (AUM)of Rs 24,061 crore accounting for nearly 57 per cent of the total AUM in the multi-asset allocation category. The fund is

This comes even as most fund managers do not foresee rate hikes

The new fund offer, which opened on April 10, will close on April 24

Investment platform ICICIdirect on Wednesday said it has acquired Multipie, a web and app-based networking platform for the investor community, that allows its users to exchange ideas and share views

The promoter holding currently 50.14%. Under Sebi rules, promoters will have to acquire at least 39.86% stake (1.48 billion shares) from public to ensure successful delisting

ICICI MF recently filed for an exchange-traded fund (ETF) that will track the Nifty Alpha Low-Volatility 30 Index

Among the top three fund houses, SBI MF added another Rs 23,718 crore of assets

ICICI Securities shares hit new low; Outgo could be nearly a third of the MF's net worth