ICICI Pru PSU Equity Fund NFO Review

Updated: Sep 8


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.













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