ICICI Pru PSU Equity Fund NFO Review

ICICI Prudential Mutual Fund has launched a new fund offer, ICICI Prudential PSU Equity Fund which will be open for subscription from 23rd Aug 2022 to 6th Sep 2022. It is an open-ended fund that, will invest predominantly in Public Sector Undertakings stocks. The scheme can invest in sectors or stocks that are part of the S&P BSE PSU Index.

Investment Objective

The objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of Public Sector Undertakings (PSUs). However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Investment Strategies?

The Scheme is an open-ended thematic equity fund which will invest predominantly in equity and equity related securities of the PSU companies.

PSU refers to any undertaking where 51% or more of the company is held by the Central Government, State Government, or jointly by the Central Government and one or more State Governments.

The Scheme may invest in equity and equity related instruments which is forming part of the benchmark index. The Scheme can invest into opportunities available across the market capitalization.

The Scheme may invest up to 20% in other equities and equity related securities.

Scheme benchmark

The performance of the Scheme shall be benchmarked with S&P BSE PSU TRI

How will the Scheme Allocate its Assets?

Under normal circumstances, the asset allocation of the Scheme would be as follows:

Instruments	​Maximum	Minimum	Risk Profile
Equity & Equity related instruments of Public Sector Undertakings	100	80	Very High
Other Equity & Equity related instruments	20	0	Very High
Debt instruments, Units of Debt Mutual Fund schemes, and Money market instruments @ and Preference shares	20	0	Low to Medium
Units issued by REITs and INVITs	10	0	Very High

NFO Details

Scheme Opens	23rd Aug 2022
Scheme Closes	6th Sep 2022
Scheme Reopens for continuous purchase/sale	Scheme will re-open for continuous Sale and Repurchase within 5 business days from the date of allotment.
Minimum Lumpsum	Rs. 5,000 (plus in multiples of Re.1)
Minimum SIP	​Rs 100
NAV of the fund	Rs 10 during NFO Period
Entry Load	Nil
Exit Load	Less than 1 month - 1% of applicable NAV, more than 1 month - Nil
Benchmark	​The performance of the Scheme shall be benchmarked with S&P BSE PSU TRI
Fund Manager	Mittul Kalawadia, Anand Sharma

Existing Scheme Performance

Performance of existing PSU Equity funds

Here is the performance of some existing PSU Equity funds. This would give an idea to investors on how these funds have performed in medium to long term. Returns indicated here are annualized returns.

Scheme Name	1Yr Ret (%)	​3 Yr Ret (%)	5 Yr Ret (%)
ABSL PSU Equity Fund	19.18	--	--
​SBI PSU Fund	16.47	14.79	2.51
Invesco Ind PSU Equity Fund	11.72	20.22	7.82

Returns showing in above chart are as on 22 Aug 2022

Suitability

This Product is suitable for investors who are seeking*

• Long term wealth creation

• An open-ended equity scheme investing predominantly in Public Sector Undertakings stocks.

• Investors whose investment time horizon is five years or more, this scheme may be suitable for them.

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*Investors should consult their financial advisors if in doubt about whether the product is suitable for them

Note: The above information has been sourced from the Scheme Information Document provided by ICICI Prudential Asset Management. Read the entire document before investing, Disclaimer: Jaiprakash (ARN/Distributor - 70524; brand name Vasundhra Investment) is the distributor of the mutual fund. Please consult your investment advisor before investing

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