ICICI Prudential Rural Opportunities Fund Review – ICICI Prudential Rural Opportunities Fund Review Direct NFO Open on 09 January 2025 and Close on 23 January 2025. ICICI Prudential Rural Opportunities Fund Direct NFO Allotment Date is 28 January 2025, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount is ₹5,000. The Minimum SIP Investment Amount is ₹100.
Type of the Scheme
An open ended equity scheme following Rural and allied theme.
Scheme Benchmark : Nifty Rural TRI
ICICI Prudential Rural Opportunities Fund Scheme Benchmark
| Company | Weightage |
|---|---|
| ITC Ltd. | 9.34 |
| Bharti Airtel Ltd. | 8.85 |
| State Bank of India | 6.36 |
| Mahindra & Mahindra Ltd. | 5.53 |
| Hindustan Unilever Ltd. | 4.29 |
| Bajaj Finance Ltd. | 3.97 |
| NTPC Ltd. | 3.28 |
| Tata Motors Ltd. | 3.22 |
| Maruti Suzuki India Ltd. | 2.97 |
| UltraTech Cement Ltd. | 2.71 |
ICICI Prudential Rural Opportunities Fund Important Date
| Scheme Offer | ICICI Prudential Rural Opportunities Fund |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An open-ended |
| Open Date | 09 Jan 2025 |
| Close Date | 23 Jan 2025 |
| Allotment Date | 28 Jan 2025 |
| Category | Equity Schemes - Sectoral/Thematic |
| Min Inv ₹ | ₹5,000 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | Nifty Rural TRI |
Investment Objective of the Scheme ?
To generate long-term capital appreciation by investing in Equity & Equity related instruments of companies following Rural and/or allied theme. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
ICICI Prudential Rural Opportunities Fund Other Details
| Exit Load | 1% |
|---|---|
| Exit Load Details | Exit load of 1%, if redeemed within 12 months. |
| Entry Load | N/A |
| Stamp Duty | 0.005% |
| Min. Investment | Rs. 5,000 |
| Min. SIP | Rs. 100 |
ICICI Prudential Rural Opportunities Fund Asset Allocation
| Instruments | Allocation Min | Allocation Max |
|---|---|---|
| Equity & Equity related instruments of companies following Rural and/or Allied theme | 80% | 100% |
| Other Equity and Equity related instruments | 0% | 20% |
| Debt and Money market instruments | 0% | 20% |
| Units issued by REITs and INVITs | 0% | 10% |
Manager Manage the Scheme?
Fund Manger : Mr. Sankaran Naren
Qualification : IIT Madras and PGDM – IIM Kolkata
Experience : Mr. Sankaran Naren has been associated with the AMC since October 2004. He oversees the entire investment function across the Mutual Fund
and the International Advisory Business of the Company. Mr. Naren joined the AMC in 2004 as fund manager and has worked in various capacities in the
investment function culminating in his taking over as the Chief Investment Officer.
Fund Manger : Ms. Priyanka Khandelwal
Qualification : CA, CS, and B.Com
Experience : She joined ICICI Prudential Asset Management Company Limited in October 2014 and has over 9 years of experience. Past Experience: ~ ICICI Prudential Asset Management Company Limited – Deputy Manager – Finance – October 2014 to January 2016.
ICICI Prudential Rural Opportunities Fund Sector Representation
| Sector | Weightage |
|---|---|
| Financial Services | 24.23 |
| Fast Moving Consumer Goods | 21.50 |
| Automobile and Auto Components | 17.41 |
| Telecommunication | 9.69 |
| Power | 8.01 |
| Construction Materials | 7.04 |
| Consumer Durables | 6.66 |
| Capital Goods | 3.12 |
| Chemicals | 1.61 |
| Consumer Services | 0.49 |
| Media, Entertainment & Publication | 0.23 |
ICICI Prudential Rural Opportunities Fund Index Return
| Index Return | QTD | YTD | 1 Year | 5 Years | Since Inception |
|---|---|---|---|---|---|
| Price Return | -13.81 | 9.04 | 9.04 | 16.36 | 14.27 |
| Total Return | -13.70 | 10.20 | 10.20 | 17.64 | 15.78 |
Where Will the Scheme Invest ?
- Equity and equity related securities including Indian Depository Receipts (IDRs), and warrants carrying the right to obtain equity shares.
- Securities created and issued by the Central and State Governments and/or repos/reverse repos in such Government Securities as may be permitted by RBI
(including but not limited to coupon bearing bonds, zero coupon bonds and treasury bills). - Securities guaranteed by the Central, State and local Governments (including but not limited to coupon bearing bonds, zero coupon bonds and treasury bills).
- Debt securities issued by domestic Government agencies and statutory bodies, which may or may not carry a Central/State Government guarantee.
- Money market instruments, as permitted by SEBI/ RBI.
- Securitized Debt.
- The non-convertible part of convertible securities.
- Derivative instruments like Stock / Index Futures, Stock / Index Options, Interest Rate Swaps, Forward Rate Agreements and such other derivative instruments permitted by SEBI.
- ADRs / GDRs / Foreign Securities as permitted by Reserve Bank of India and Securities and Exchange Board of India.
- Investment in Overseas ETF (currently suspended pursuant to SEBI’s communication and the same shall be resumed in accordance with directions
received from SEBI/AMFI in this regard from time to time. - units of domestic and overseas mutual fund schemes (including ETFs), subject to applicable regulations.
- Units of Real Estate Investment Trusts (REITs) & Infrastructure Investment Trust (InvITs).
- Non-Convertible Preference shares (NCPSs), to be considered as debt instruments.
- cash & cash equivalents.
- Repo transactions in Corporate Debt Securities.
- Tri-party Repos on Government securities or treasury bills (TREPS).
- Any other domestic fixed income securities as permitted by SEBI/ RBI.
Also Read: Bandhan Nifty Alpha Low Volatility 30 Index Fund Review
ICICI Prudential Rural Opportunities Fund Registrar
Computer Age Management Services Ltd.
7th Floor, Tower II, Rayala Towers, 158,
Anna Salai, Chennai – 600002
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