ICICI Prudential Mutual Fund has launched a new fund offer, ICICI Prudential Transportation and Logistics Fund which will be open for subscription from 6th Oct 2022 to 20th Sep 2022. It is an open-ended fund, which will invest in equity and equity-related securities of companies engaged in the transportation and logistics theme and track the Nifty Transportation and Logistics TRI.
Investment Objective
The objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in transportation and logistics sectors.
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 companies engaged in Transportation and Logistics sector related activities. The list of sectors/industry engaged in Transportation and Logistics sector related activities are highlighted below:
The Scheme shall invest up to 20% in other equities and equity related securities.
Scheme benchmark
Nifty Transportation & Logistics 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 securities of entities in the transportation and logistics theme | 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 |
@ Excluding subscription money in transit before deployment / payout
*The Scheme may invest in other Schemes under the same AMC or any other Mutual Fund
NFO Details
Scheme Opens | 6th oct 2022 |
Scheme Closes | 20th oct 2022 |
Scheme reopens for continuous purchase/sale | Scheme will reopen for continuous repurchase/sale within five business days from the date of allotment |
Minimum Lumpsum | Rs. 5,000/- plus in multiple of Re.1 Minimum switch-in amount - Rs. 5,000/- and any amount thereafter |
Minimum SIP | Daily, Weekly, Fortnightly, Monthly SIP$: Rs. 100/- (plus in multiple of Re. 1/-) Minimum installments: 6 Quarterly SIP$: Rs. 5,000/- (plus in multiple of Re. 1/-) Minimum installments – 4 $The applicability of the minimum amount of installment mentioned is at the time of registration only. |
NAV of the fund | Rs 10 |
Entry Load | Not applicable |
Exit Load | 1% of the applicable NAV - If the amount sought to be redeemed or switched out is invested for a period of up to 1 month from the date of allotment. NIL - If the amount sought to be redeemed or switched out is invested for a period of more than 1 month from the date of allotment. |
Benchmark | Nifty Transportation & Logistics TRI |
Fund Manager | Mr. Harish Bihani, Ms. Sharmila D'mello |
Existing Scheme Performance
Performance of existing Transportation and Logistics fund
In this category only UTI Transportation and Logistics Fund is available. There is no other AMC fund available in this category. The performance of this fund is as follows
Fund Name | 1 Yr. Ret (%) | 3 Yr. Ret (%) | 5 Yr. Ret (%) |
UTI Transportation & Logistics | 10.43 | 19.96 | 5.08 |
Returns showing in above chart are as on 12 Oct 2022
Suitability
Long term wealth creation
An open-ended equity scheme investing predominantly in equity and equity related securities of companies engaged in transportation and logistics sectors.
Investors whose investment time horizon is three 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.