ICICI Prudential Strategic Metal and Energy Equity FOF would invest in the First Trust Strategic Metal and Energy Equity UCITS Fund (the “Fund”). The Fund seeks to deliver long-term capital appreciation through investment in a diversified portfolio of global equity securities related to gold and oil.
The Fund’s investable universe relates to gold and oil stocks which shall primarily consist of common stocks. These securities will be listed or traded on Regulated Markets worldwide.
Global investing is important for diversification.
But most of Global portfolios are biased towards Tech Companies or US Companies
Metal and energy strategy provides exposure to Global companies and diversification to companies which are engaged in Oil and Gold business.
Massive monetary and fiscal stimulus measures provided by global countries may result in economic activity picking up and higher inflation.y
Above mentioned factors are conducive for Gold and Oil to perform.
Good hedge to India, as the country’s major imports are Oil and Gold.
Valuations reasonable for Gold Mining and Oil companies.
|Scheme Name||ICICI Prudential Strategic Metal and Energy Equity FOF|
|Type of Scheme||An Open ended fund of fund scheme investing in Units/shares of First Trust Strategic Metal and Energy Equity UCITS Fund|
|Plans/ Options||Plans: Regular & Direct|
Options: Growth & IDCW (IDCW Payout & IDCW Reinvestment)
|Fund Manager||Ms. Priyanka Khandewal|
|Minimum Application Amount||DURING NEW FUND OFFER PERIOD / DURING ONGOING OFFER PERIOD/ Additional
Rs. 1000/- (plus in multiple of Re. 1) Minimum application amount for switch ins - Rs. 1000/- and Any amount thereafter
|SIP||During NFO/ During Ongoing Offer Period:
|Benchmark||DNYSE Arca Gold Miners Index and the S&P Oil & Gas Exploration & Production Select Industry Index|
|Exit Load||If the amount sought to be redeemed or switched out up to 1 Year from allotment: 1.00% of applicable NAV. If the amount sought to be redeemed or switched out more than 1 Year from allotment: Nil.|
|Taxation||Other than equity taxation|
For details of other schemes managed by the same fund managers, click here.