ICICI Prudential Conglomerate Fund: The ICICI Prudential conglomerate fund is an open-ended equity which is completely based on a conglomerate theme. This is now introduced by ICICI Prudential Mutual Fund. This new fund offer (NFO) can be subscribed to from October 3rd to 17th, 2025.
What is a Conglomerate?
Conglomerates are promoter-led organizations with two or more listed companies in a variety of industries and sectors that have their headquarters in India. According to a press statement from the fund house, these business groupings are well-positioned to traverse down cycles, drive expansion into new areas, and seize opportunities across industries because they are supported by strong promoters and have diversified operations.
What does the ICICI Prudential Conglomerate Fund Scheme have?
The scheme offers a broad range of opportunities by having the freedom to invest in firms with big, mid, and small market sizes. By combining cyclical opportunities with structural soundness, the portfolio construction strategy will allow participation in various stages of the economic cycle.
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The 71 conglomerate groupings that make up the investment universe encompass about 240 businesses in various industries. Lalit Kumar will oversee the plan, and the BSE Select Business Groups Index will serve as the offering’s benchmark. For the NFO, a minimum application fee of Rs 1,000 is required.
Is it good to invest in Conglomerate Funds?
Conglomerates are in a better position to safeguard capital and seize long-term wealth creation opportunities in the current unpredictable local and international environment. According to the announcement, investors can take advantage of this opportunity with flexibility across market caps and sectors thanks to the ICICI Prudential Conglomerate Fund.