ICICI Prudential Transportation and Logistics Fund NFO has opened today for investors. This is a unique fund which wants to focus on niche segment of transportation and logistics as it sees opportunities in the sector. Here are the details of this NFO :
Scheme Type : Open ended equity scheme
NFO Period : 6th – 20th October 2022
Scheme Objective : This funds aims to invest in equity and equity related securities of companies specifically into transportation and logistics for long term investment returns to the investors.
Scheme Options: Growth and IDCW
Minimum Application Amount: Rs. 5,000/- and in multiple of Rs. 1/- there after.
Additional Purchase Amount: Rs. 1,000/- and in multiple of Rs. 1/- there after.
SIP /STP / SWP options: Available
Entry Load : Nil
Exit Load : 1% of the NAV if redeemed or switched before 1 month. Nil after completion of 1 month.
Benchmark Index: Nifty transportation & logistics
Who should invest: Investors looking for long term capital appreciations should consider for investing at their own risk. Transportation and logistics is crucial for national building and economy. Government has done many reforms for this sector and thus the fund is optimistic of this sector.
Risk-o-meter : Very high
Disclaimer : Mutual Fund investments are subject to market risks, read all scheme related documents carefully.