ICICI Prudential Mutual Fund

ICICI Prudential Strategic Metal and Energy Equity Fund of Fund – Overview, Analysis, Key Points

Fund Overview

It is an open-ended fund of fund scheme of ICICI Prudential Mutual Fund that invests in First Trust Strategic Metal And Energy Equity UCITS Fund. The Scheme may also invest a certain proportion of its corpus in debt schemes, money market instruments/ liquid in order to maintain liquidity from time to time. It is an actively managed index fund which will employ an investment approach designed to deliver long-term total return from income and capital gains with lower volatility than a traditional portfolio. It is benchmarked against NYSE Arca Gold Miners Index and the S&P Oil & Gas Exploration & Production Select Industry Index.

Benchmark

Benchmark Index  include 50/50 mix that Comprising of  NYSE Arca Gold Miners Index(a modified market capitalization-weighted index comprise primarily in the mining for gold and silver) and the S&P Oil & Gas Exploration & Production Select Industry Index(comprises oil & gas stocks in the S&P Total Market Index).

Benchmark Performance in % (in INR):

Fund1 month3 months6 monthsYTD1 year3 years5 YearsSince
Inception
NYSE Arca Gold
Miners Index
And the S&P Oil
& Gas
Exploration &
Production
Select Industry
Index
    -3.68%  10.90%1.32%NILNILNILNIL15.35%

Scheme Performance in % (in INR):

First Trust Strategic Metal And Energy Equity UCITS Fund is an open-end fund incorporated in Ireland. 

Fund1 month3 months6 monthsYTD1 year3 years5 YearsSince
Inception
First Trust
Strategic Metal
and Energy
Equity UCITS
Fund
-3.74%16.07%4.57%NILNILNILNIL20.80%

Objective

The Fund will seek to achieve its objective primarily through investment in a diversified portfolio of equity securities related to gold and oil. The investment manager may include the largest gold and oil stocks in the investment universe by reference to market capitalization. The Fund invests in securities related to gold and oil listed or traded on Regulated Global Markets.

Asset Allocation Pattern

InstrumentsAsset Allocations
(% of total assets)
Strategic Metal and Energy Equity UCITS Fund95<
Debt, Money market securities, debt mutual fund schemes/liquid schemes>5

Key Highlights

Fund HouseICICI Prudential Mutual Fund
SchemeICICIPrudentialStrategicMetalandEnergy Equity Fund of Fund  
PlanDirect/Regular
Default Option        Growth
Opening DateJanuary 17, 2022
Closing DateJanuary 31, 2022
Return Since Launch        Tracking Error
BenchmarkNYSE Arca Gold Miners Index and the S&P Oil & Gas Exploration & Production Select Industry Index.   The first all-electronic exchange in the U.S., NYSE Arca is the top U.S. exchange for the listing and trading of  and also trades more than 8,000 U.S.-listed securities
Riskometer  Very High
Type  Open Ended
Minimum Investment        1000
Minimum Additional Investment500
Entry Load   Not Applicable
Exit LoadIf units purchased or switched in from another scheme of the Fund are redeemed or switched within 1 year from the date of allotment – 1% of the applicable NAV
ExpenseNIL
Fund Manager       Priyanka Khandelwal

Advantage of the Scheme

  • Facility of amount redemption
  • Systematic Transfer Plan(STP) available
  • Investors can stop Systematic Investment Plan(SIP) for a temporary period without discontinuing the scheme.
  • Being an open-ended Scheme, units may be redeemed on every business day at NAV based prices

Taxation on Capital gain

If you exit the fund 1 year after the date of purchase, tax rate on long-term capital gains tax will apply ,i.e. the current tax rate is 10%. If sold before 1 year from the date of purchase, short-term capital gains tax will apply i.e., the current tax rate is 15%.

Some Other Fund Performance

SchemeReturnTenure
ICICI prudential blue chip fund29.9%1 year  
ICICI prudential sensex index fund24.9%1 year  
ICICI prudential equity & debt fund41.2%1 year  
ICICI prudential long  term equity fund33.8%1 year  
ICICI prudential technology fund     69.2%1 year  

Read Also: Adani Wilmar IPO Review – Largest FMCG IPO Details, Dates, Issue Size, Financials.

Disclaimer
All the information are used for education purpose only. Investing in mutual funds poses a risk of financial losses. Investors must therefore exercise due caution. InvestoAxis is not liable or responsible for any losses caused as a result of decisions based on the article.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related posts

How to Buy or Sell Cryptocurrency in India
Smart Tips for Crypto Investors: How to Buy or Sell Cryptocurrency in India?
Best Investment Plan Available in India in 2022
Best Debt Consolidation Loans 2022
5 Best Debt Consolidation Loans With Guaranteed Approval
Axis CPSE Plus SDL 2025 70:30 Debt Index Fund Review- Date, Type, Investment Pattern
Top 10 Best Performing Mutual Fund To Invest In 2022
Top 10 Best Performing Mutual Fund To Invest In 2022
When is the Best Time to Refinance Student Loan?
When is the Best Time to Refinance Student Loan?
Best EV Stocks in India in 2022
Best EV Stocks in India in 2022
What is Cryptocurrency in Simple Terms – Crytocurrency for Beginners
Wells Fargo Auto Loan Interest Rates October 2022
Wells Fargo Auto Loan Interest Rates October 2022

Now Investment become Simple

Join InvestoAxis and get financial dose with latest original fresh content. We will never spam you.

Be a part of our ever-growing community. Join us on Twitter.

Pages

We would like to keep you updated with special notifications.