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About the Scheme

ICICI Prudential Bharat Consumption Fund – Series 3 is a close-ended equity scheme following consumption theme. It aims to invest in sectors that can benefit from consumption theme like Consumer Non-Durables, Consumer Durables, Auto, Healthcare Services, etc.

Key Highlights

  • Helps in bottom-up stock selection with ~3.5 years view
  • Ability to reduce net equity risk at market peaks by hedging/use of derivatives
  • Aims to limit downside of the portfolio by using hedging strategies

Why Invest in the Consumption theme?

  • Demographic Advantage Population of 1.25 bn; 50% working-age population
  • Significant improvement in per capita income in the last decade
  • Digital influence on broader consumer spending is significant and growing rapidly
  • Improving power penetration and higher disposable incomes may lead to strong demand for electricals/durables

Sources: IMF, Citi Research. Data as on 2017
BCG Report March 20, 2017, The New Indian, IMF, CITI Research
ibef.org, MakeInIndia, Edeiweiss Research, JM Financial April 2018

Scheme Features

Type of Scheme A Close Ended Equity Scheme following Consumption Theme
Investment Objective The investment objective of the Scheme is to provide capital appreciation by investing predominantly in equity and equity related instruments of sectors that could benefit from growth in consumption and related activities. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
NFO Period 27th June 2018 to 11th July 2018
Options ICICI Prudential Bharat Consumption Fund - Series 3 Cumulative & Dividend
ICICI Prudential Bharat Consumption Fund - Series 3 Direct Cumulative & Dividend
Minimum Application Amount Rs.5,000 (plus in multiple of Rs.10 thereafter)
Entry & Exit Load Nil
Benchmark Index Nifty India Consumption Index
Fund Manager** Sankaran Naren and Atul Patel

**Ms. Priyanka Khandelwal for investment in Overseas securities.

ICICI Prudential Bharat Consumption Fund-Series 3 is suitable for who are seeking:*

  • Long term wealth creation
  • A close ended equity scheme that aims to provide capital appreciation by investing in a well-diversified portfolio of stocks that could benefit from growth in consumption and related activities.
Riskometer
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Disclaimer: The sector(s)/stock(s) mentioned here do not constitute any recommendation of the same and ICICI Prudential Mutual Fund may or may not have any future position in these sector(s)/stock(s). The asset allocation and investment strategy of the Scheme is subject to the provisions of the Scheme Information Document.