June 26, 2024
mayank
ICICI Prudential Energy Opportunities Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the ICICI Prudential Energy Opportunities Fund Open Date, Close Date?
NFO opens on July 02, 2024
NFO will close on July 16, 2024
What is the Investment Strategy?
The scheme seeks to provide investors with opportunities for long term capital appreciation by investing in equity and equity related instruments of companies engaging in activities such as exploration, production, distribution, transportation and processing of traditional & new energy including but not limited to industries/sectors such as oil & gas, utilities and power.
Basic Details
| Fund House | ICICI Prudential Mutual Fund |
| Issue Open | 02 July 2024 |
| Issue Close | 16 July 2024 |
| Type | Open-ended |
| Category | Equity: Thematic-Energy |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 3 months |
| Riskometer | Very High |
| Benchmark | NIFTY Energy TRI |
What is the Benchmark Index of ICICI Prudential Energy Opportunities Fund?
Nifty Energy sector Index includes companies belonging to Petroleum, Gas and Power sectors. The Index comprises of 10 companies listed on National Stock Exchange of India (NSE).
Nifty Energy Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base market capitalization value. Nifty Energy Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty Energy Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 3.16 | 20.28 | 68.61 | 19.44 | 17.09 |
| Total Return | 3.16 | 20.89 | 71.05 | 22.05 | 19.81 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 17.79 | 22.38 | 24.92 |
| Beta (NIFTY 50) | 1.25 | 0.91 | 0.96 |
| Correlation (NIFTY 50) | 0.71 | 0.77 | 0.83 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 13.48 | 2.6 | 2.13 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Reliance Industries Ltd. | 30.95 |
| NTPC Ltd. | 14.30 |
| Power Grid Corporation of India Ltd. | 11.84 |
| Coal India Ltd. | 9.39 |
| Oil & Natural Gas Corporation Ltd. | 8.64 |
| Tata Power Co. Ltd. | 6.20 |
| Adani Green Energy Ltd. | 5.83 |
| Bharat Petroleum Corporation Ltd. | 5.02 |
| Indian Oil Corporation Ltd. | 5.00 |
| Adani Energy Solutions Ltd. | 2.83 |
Performance Review of the Fund Managers of ICICI Prudential Energy Opportunities Fund?
1) Nitya Mishra
Education:
Experience:
Past Performance of his Schemes
As on 26-06-2024
2) Sankaran Naren
Education: Mr. Naren is a B.Tech from IIT Chennai and MBA (Finance)from IIM Kolkata.
Experience: Prior to joining ICICI Prudential AMC he has worked with Refco Sify Securities India Pvt. Ltd., HDFC Securities Ltd. and Yoha Securities.
Past Performance of his Schemes
| Fund | ICICI Prudential Multi Asset Fund | It’s Benchmark | ICICI Prudential Balanced Advantage Fund | It’s Benchmark |
| 1 Year | 33.80 | 25.09 | 22.16 | 25.09 |
| 3 Year | 22.99 | 14.39 | 13.18 | 14.39 |
| 5 Year | 19.97 | 14.91 | 13.28 | 14.91 |
| 7 Year | 16.44 | 13.80 | 11.68 | 13.80 |
| 10 Year | 15.00 | 12.43 | 11.77 | 12.43 |
As on 26-06-2024
Which Company Owns ICICI Prudential Energy Opportunities Fund?
ICICI Prudential Asset Management Company Ltd
Address: One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai – 400051
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
Is it good to invest in ICICI Prudential Energy Opportunities NFO?
Guidance for ICICI Prudential Energy Opportunities Fund by Paresh Gordhandas, C.A., Research Analyst.
It is true that India’s energy requirements are growing by leaps and bounds every year. But the energy sector is also influenced by a lot of domestic and international factors. Another important point to consider is that this sector has a lot of dominance by PSU companies. If we take the example of Coal India, NTPC, Oil India etc, share prices of these companies have remained stagnant for years together before showing some movement in the past few months. Hence, investing in a sector like this does seem counter intuitive at the moment. If you do wish to invest, we would recommend to do as a very small percentage of your portfolio.
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
>> Chanakya’s Mutual Fund Guidance on YouTube
https://www.youtube.com/c/ChanakyaNiPothi
>> Join Chanakya MF’s Telegram Channel @
https://t.me/chanakyaMFGuidance
Quicklinks