ICICI Prudential Strategic Metal and Energy Equity FOF

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About ICICI Prudential Strategic Metal and Energy Equity FOF

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.

Product Structure:

Scheme Highlights

Investment Process:

1. Build portfolio of gold mining stocks using a modified market capitalization methodology

2. Build portfolio of oil & gas stocks using a modified market capitalization methodology

3. Allocate 50% of capital to the gold portfolio and 50% of the capital to the oil & gas portfolio

4. Calculated the total return of oil and gold.

5. Assign an overweight to the market sector (gold or oil) with the lowest correlation.

6. Calculate the correlation of oil and gold to movements in the rupee.

7. Assign an overweight to the market sector (gold or oil) with the highest recent total return.

8. Calculate the final weighting allocation to gold stocks and oil stocks based upon prior steps. Review the final portfolio for compliance with UCITs rules.

9. Rebalance monthly

Investment Process:

WhyInvest?

  • 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.

KeyFeatures

Scheme Name ICICI Prudential Strategic Metal and Energy Equity FOF
Type of SchemeAn Open ended fund of fund scheme investing in Units/shares of First Trust Strategic Metal and Energy Equity UCITS Fund
Plans/ OptionsPlans: Regular & Direct
Options: Growth & IDCW (IDCW Payout & IDCW Reinvestment)
Fund ManagerMs. Priyanka Khandewal
Minimum Application Amount DURING NEW FUND OFFER PERIOD / DURING ONGOING OFFER PERIOD/ Additional Application amount:
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:
  • Daily, Weekly, Fortnightly, Monthly SIP$: Rs. 100/- (plus in multiple of Re. 1/-) Minimum installments: 6
  • Quarterly SIP$: Rs. 5,000/- (plus in multiple of Re. 1/-) Minimum installments – 4
$The applicability of the minimum amount of installment mentioned is at the time of registration only.
BenchmarkDNYSE Arca Gold Miners Index and the S&P Oil & Gas Exploration & Production Select Industry Index
Exit LoadIf 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.

You can now read more about our ICICI Prudential Strategic Metal and Energy Equity FOF here – Presentation

Know more about SID & KIM of ICICI Prudential Strategic Metal and Energy Equity FOF here - SID and KIM