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ICICI Prudential Nifty Oil & Gas ETF NFO: Review, Date & NAV

  


Introduction

Whether you are a seasoned fan or new to the world of NFOs, you've come to the correct spot to learn about the latest trends, insights, and news influencing this dynamic market. We are today at ICICI Prudential Nifty Oil & Gas ETF-NFO Blog committed to giving you insightful knowledge, Financial attributes, past performance, etc. on this NFO. 

Everything You Need To Know About ICICI Prudential Nifty Oil & Gas ETF - NFO

The ICICI Prudential Nifty Oil & Gas ETF by ICICI Prudential Mutual Fund is an exchange-traded fund that is open-ended and tracks the Nifty Oil & Gas Index is expected to generate returns prior to expenditures equal to the overall return of the underlying index, accounting for tracking mistakes. The lowest investment required to join is Rs.100 for investors and in multiple of Rs.1 thereof. The scheme's units can be purchased or sold on all trading days once listed on the NSE and BSE. The scheme is suitable for such investors who seek a Long-term generation of wealth. Subject to tracking error, an ETF seeks to deliver returns that match those of the Nifty Oil & Gas Index. The scheme has no Exit Load.

To learn about the fund's asset allocation, and other financial characteristics that influence decision-making, carefully read this blog.

ICICI Prudential Nifty Oil & Gas ETF - NFO Overview

The investment period for the Scheme is set for July 08, 2024, to July 18, 2024. The scheme is a very high-risk scheme. There is no assurance that the scheme's investment goal will be met. The scheme will allocate 95–100% of its investment capital to equity and equity-related securities and the remaining portion will be allocated to money marketing instruments including TREPs. Since this scheme is a new scheme so no past performance record is available.

Fund Overview

Start Date

08 July 2024

End Date

18 July 2024

Allotment Date

Not later than 4 to 5 business days after the closure date of the NFO

VRO Rating

-

Expense Ratio

NA

Exit Load

NA

AUM (Fund size)

NA

Lock-In

NA

Stamp Duty

0.005% (From July 1st 2020)

Benchmark 

Nifty Oil & Gas TRI 

Min. Investment

Rs.100 and in multiples of Rs.1

Risk

Very High

Short-Term Capital Gains (STCG)

For less than 3 years, as per Tax Slab.

Long-Term Capital Gains (LTCG)

For more than 3 years, 20%.

 

How To Invest In The NFO After The Allotment Date?

If you have missed participating in the NFO and now want to invest in the same, then after 4 to 5 working days post-closure date of the NFO; you will have the option to participate and invest directly with the Mutual Fund by logging on to your demat account and search for “ICICI Prudential Nifty Oil & Gas ETF- NFO” on Nifty Oil & Gas TRI. The investment amount will be as applicable: 

Units can also be purchased on an exchange basis. For that minimum unit of 1 lot and in multiples thereof can be purchased throughout the current offer period.

Through direct interaction with the mutual fund, the approved investor(s) may purchase and sell Scheme units in multiples of the 2,70,000 units that make up the Creation Unit Size. Additionally, any investors apart from Market Makers can do for a sum greater than Rs.25 crores.

The process usually takes 8 to 10 business days to apply in the Mutual Fund after the closure date.

To open your Demat account, Click Here.

The Objective Of The ICICI Prudential Nifty Oil & Gas ETF Fund

The Scheme intends to generate returns before costs that, when accounting for tracking mistakes, match the overall return of the underlying index. Nevertheless, there can be no promise or guarantee that the Scheme's investment goal will be met.

Asset allocation (% of Net Assets) of the Scheme's portfolio will be as follows:

Types of Instruments

Minimum Allocation (% of Net Assets)

Maximum Allocation (% of Net Assets)

Equity and Equity related securities underlying index (Nifty Oil & Gas Index)

95

100

Money Market Instruments with TREPs.

0

5

 

 

Peers Of ICICI Prudential Nifty Oil & Gas ETF

No data available.

Risk Factors In ICICI Prudential Nifty Oil & Gas ETF Scheme

  • The success of the companies may be significantly impacted by changes in government regulations, policies, and other matters, particularly those pertaining to the environment and other challenges.

  • Factors both domestic and foreign that influence changes in the price of gas and oil may also negatively impact the performance of the companies that make up the underlying index.

  • The investee companies' cash flows may suffer if the projects are unable to reach financial closure. Moreover, delays and overruns in project commissioning could have a negative effect on the investee companies' financial performance indicators.

  • Since most investments in this industry are long-term, shifts in interest rates as well as other macroeconomic variables may have a negative impact on businesses in this industry.

  • The NAV of the Scheme will respond to changes in the stock market. Short-term fluctuations in the Scheme's net asset value (NAV) in reaction to several circumstances, including economic developments in politics, adjustments to interest rates, and observed patterns in share prices and market movements, as well as for extended periods during market downturns.

  • Despite the Scheme's units being listed on the Exchanges, there is no guarantee that an active secondary market will develop or remain operating.

 

 Past Performance Of Index / ETF Funds

 

Index / ETF Funds

NAV (Rs)

Annualized Return (1Y)

Return/Risk

Aditya Birla Sun Life Nifty PSE ETF-Growth

11.09

-

Very High Risk

DSP Nifty Healthcare ETF-G

82.00

68.17%

Very High Risk

Kotak Nifty PSU Bank ETF

735.09

68.23%

Very High Risk

 

ICICI Prudential Nifty Oil & Gas ETF NFO - Who Can Invest?

This fund is ideal for you if you are looking for a Long-term generation of wealth. Subject to tracking error, an exchange-traded fund seeks to deliver returns that match those of the Nifty Oil & Gas Index.

 

ICICI Prudential Nifty Oil & Gas ETF NFO - Growth Fund Managers:

  • Mr. Nishit Patel

  • Ms. Priya Shridhar

Conclusion

The scheme comes under a very high-risk category and it plans to invest 95-100% in Equity and Equity related securities underlying index (Nifty Oil & Gas Index) and 0-5% in money market instruments. There is no guarantee that the goals of this scheme will be achieved. The company has no previous performance record. Research well according to your objectives, and the time horizon of your investment. 

Disclaimer: This NFO analysis is provided solely for informative reasons and should not be construed as investment advice. Always conduct research and talk with a financial advisor before investing.



Frequently Asked Questions

+

The starting date of this NFO is July 08, 2024.

 

+

The end date of this NFO is 18 July 2024.

 

+

The NFO's Fund Managers are Mr. Nishit Patel and Ms. Priya Shridhar.

 

+

The minimum investment for the NFO is Rs.100 and in multiples of Rs.1.

 

+

Yes, you can apply and invest in this scheme on Nifty Oil & Gas TRI by logging on to your Demat account.



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