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ICICI Prudential Mutual Fund has launched ICICI Prudential Energy Opportunities Fund, an open-ended equity scheme following the energy theme. The NFO opens for subscription on July 02, 2024 and closes on July 16, 2024. No Entry Load shall be charged for the scheme. The exit load will be 1% of applicable Net Asset Value - If the amount sought to be redeemed or switch out is invested for a period of up to three months from the date of allotment and Nil - If the amount, sought to be redeemed or switch out is invested for a period of more than three months from the date of allotment. The minimum subscription amount is Rs 5,000 plus in multiple of Re.1.

The performance of the Scheme is measured against Nifty Energy TRI and its fund managers are Sankaran Naren, Nitya Mishra and Sharmila D’Mello (overseas investments).

The investment objective of the Scheme is to provide investors with opportunities for long term capital appreciation by investing in equity and equity related instruments of companies engaging in activities such as exploration, production, distribution, transportation and processing of traditional & new energy including but not limited to industries/sectors such as oil & gas, utilities and power.