March 25, 2022
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NFO of ICICI Prudential Housing Opportunities Fund
The scheme seeks to generate long-term capital appreciation by investing in equity and equity related instruments of entities engaged in and/or expected to benefit from the growth in housing theme.
NFO opens on March 28 ,2022
NFO will close on April 11 ,2022
(Our Guidance & Invest Online button are given at the bottom of the Page)
Investment Strategy
The investment objective of the scheme is to generate long-term capital appreciation by investing in equity and equity related instruments of entities engaged in and/or expected to benefit from the growth in housing theme.
Basic Details
Fund House: ICICI Prudential Mutual Fund
Issue Open: 28-Mar-2022
Issue Close: 11-Apr-2022
Category: Equity: Thematic
Type: Open-ended
Min. Investment Rs 5,000
Plans: Growth, IDCW
Lock-in Period Not Applicable
Exit Load (%): 1% for redemption within 30 days
Riskometer: Very High
Benchmark: Nifty Housing TRI
Fund Manager
Anand Sharma
Education: Mr. Sharma is B.E (Computer Engineer) and Master of Management Studies from University of Mumbai
Sankaren Naren
Education: Mr. Naren is a B.Tech from IIT Chennai and MBA (Finance)from IIM Kolkata.
AMC:
ICICI Prudential Asset Management Company Ltd
One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai – 400051
Email: enquiry@icicipruamc.com
Website: http://www.icicipruamc.com
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Mutual Fund Guidance by Paresh Gordhandas, Research Analyst.
After about 5 years, the Real estate sector in India is showing strong growth. Residential and Commercial space are showing strong sales trend and launching of new projects across the country. The stocks with focus on commercial and Residential space have given huge returns to the investors during last one year and is expected to perform exceedingly well during next few quarters.
What is an index fund?
An index fund is a type of mutual fund that seeks to track the returns of a market index. The fund is a portfolio of stocks/bonds designed to mimic the composition and performance of a financial market index.
What is NIFTY housing Index?
The NIFTY Realty Index is designed to reflect the performance of real estate companies that are primarily engaged into construction of residential and commercial properties.
The top constituents by weightage in the index now are Brigade Enterprises Ltd.
DLF Ltd.,Godrej Properties Ltd.,Indiabulls Real Estate Ltd.
Macrotech Developers Ltd.,Oberoi Realty Ltd.,Phoenix Mills Ltd.
Prestige Estates Projects Ltd.,Sobha Ltd.,Sunteck Realty Ltd.
Who should invest in this NFO ??
This product is suitable for investors who are seeking:
1) Capital appreciation over the long term by investing in shares with Real estate Story
2)Equity and equity related securities covered by the Nifty housing Index.
3)Return that corresponds to the performance of Nifty housing Index, subject to tracking error.
So I recomment this NFO & Suggest …>>>> APPLY
Mutual fund investments are subject to market risks, read all scheme related documents carefully.