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