July 6, 2024
mayank
ICICI Prudential Nifty Oil & Gas ETF 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 Nifty Oil & Gas ETF Open Date, Close Date?
NFO opens on July 08, 2024
NFO will close on July 18, 2024
What is the Investment Strategy?
The Scheme seeks to provide returns before expenses that correspond to the total return of the underlying index subject to tracking errors.
Basic Details
| Fund House | ICICI Prudential Mutual Fund |
| Issue Open | 08 July 2024 |
| Issue Close | 18 July 2024 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment(Rs) | 100 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | Nifty Oil & Gas TRI |
What is the Benchmark Index of ICICI Prudential Nifty Oil & Gas Exchange Traded Fund?
The Nifty Oil & Gas Index is designed to reflect the behaviour and performance of the companies belonging to Oil, Gas and Petroleum industry. The Nifty Oil & Gas Index comprises of maximum of 15 tradable, exchange listed companies.
Nifty Oil & Gas 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 Oil & Gas 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 Oil & Gas Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 6.84 | 28.72 | 62.21 | 19.51 | 13.88 |
| Total Return | 6.85 | 29.12 | 63.46 | 21.63 | 16.33 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 23.31 | 23.76 | 24.34 |
| Beta (NIFTY 50) | 1.42 | 0.96 | 0.95 |
| Correlation (NIFTY 50) | 0.78 | 0.78 | 0.83 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 10.13 | 2.21 | 2.14 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Reliance Industries Ltd. | 34.14 |
| Oil & Natural Gas Corporation Ltd. | 15.31 |
| Indian Oil Corporation Ltd. | 8.70 |
| Bharat Petroleum Corporation Ltd. | 8.49 |
| GAIL (India) Ltd. | 8.47 |
| Hindustan Petroleum Corporation Ltd. | 4.55 |
| Oil India Ltd. | 3.70 |
| Petronet LNG Ltd. | 3.55 |
| Adani Total Gas Ltd. | 3.53 |
| Indraprastha Gas Ltd. | 2.52 |
Performance Review of the Fund Managers of ICICI Prudential Nifty Oil & Gas ETF?
1) Nishit Patel
Education: Mr. Patel is a B.Com & Chartered Accountant
Experience: Prior to joining ICICI Prudential Mutual fund, he has worked with K.K.Dand & Co.
Past Performance of his Schemes
| Fund | ICICI Prudential BSE Sensex ETF | It’s Benchmark | ICICI Prudential BHARAT 22 FOF | It’s Benchmark |
| 1 Year | 23.85 | 32.16 | 68.45 | 32.16 |
| 3 Year | 16.20 | 18.52 | 41.42 | 18.52 |
| 5 Year | 16.49 | 18.23 | 23.87 | 18.23 |
| 7 Year | 15.66 | 16.02 | — | — |
| 10 Year | 13.18 | 14.07 | — | — |
As on 6-07-2024
2) Priya Sridhar
Education: Ms. Sridhar has done B.Com and M.F.M
Experience: Prior to joining ICICI Prudential Mutual Fund, she has worked with ITI Mutual Fund and LIC Housing Finance Ltd
Past Performance of his Schemes
| Fund | ICICI Prudential Nifty50 Value 20 Index Fund | It’s Benchmark | ICICI Prudential BSE 500 ETF FOF | It’s Benchmark |
| 1 Year | — | — | 37.69 | 39.53 |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 6-07-2024
Which Company Owns ICICI Prudential Nifty Oil & Gas Exchange Traded 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 Nifty Oil & Gas ETF NFO?
Guidance for ICICI Prudential Nifty Oil & Gas ETF by Paresh Gordhandas, C.A., Research Analyst.
Oil & Gas sector has been generating higher returns in the past one year than it has generated in the last five years put together. It is a highly cyclical industry with high correlation to world economy and political scenarios such as war etc. But it is also true that sectoral funds have found favour with investors as compared to multicap or flexi cap funds in recent times as evidenced by the funds flowing into such sectoral funds.
The ICICI Prudential Nifty Oil & Gas ETF is based on the Nifty Oil & Gas Index. The Benchmark has given 21.63% Total Return in the past five years. Reliance Industries has the highest weightage in this Index followed by ONGC.
Coming to the performance of the Fund Manager, a sample study of the other funds managed by them is not very encouraging. However, since this is an ETF and will be tracking the underlying Index , stock picking will not come into play. Can invest a small amount.
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