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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 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):
| Fund | 1 month | 3 months | 6 months | YTD | 1 year | 3 years | 5 Years | Since Inception |
| NYSE Arca Gold Miners Index And the S&P Oil & Gas Exploration & Production Select Industry Index | -3.68% | 10.90% | 1.32% | NIL | NIL | NIL | NIL | 15.35% |
Scheme Performance in % (in INR):
First Trust Strategic Metal And Energy Equity UCITS Fund is an open-end fund incorporated in Ireland.
| Fund | 1 month | 3 months | 6 months | YTD | 1 year | 3 years | 5 Years | Since Inception |
| First Trust Strategic Metal and Energy Equity UCITS Fund | -3.74% | 16.07% | 4.57% | NIL | NIL | NIL | NIL | 20.80% |
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.
| Instruments | Asset Allocations (% of total assets) |
| Strategic Metal and Energy Equity UCITS Fund | 95< |
| Debt, Money market securities, debt mutual fund schemes/liquid schemes | >5 |
| Fund House | ICICI Prudential Mutual Fund |
| Scheme | ICICIPrudentialStrategicMetalandEnergy Equity Fund of Fund |
| Plan | Direct/Regular |
| Default Option | Growth |
| Opening Date | January 17, 2022 |
| Closing Date | January 31, 2022 |
| Return Since Launch | Tracking Error |
| Benchmark | NYSE 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 Investment | 500 |
| Entry Load | Not Applicable |
| Exit Load | If 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 |
| Expense | NIL |
| Fund Manager | Priyanka Khandelwal |
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%.
| Scheme | Return | Tenure |
| ICICI prudential blue chip fund | 29.9% | 1 year |
| ICICI prudential sensex index fund | 24.9% | 1 year |
| ICICI prudential equity & debt fund | 41.2% | 1 year |
| ICICI prudential long term equity fund | 33.8% | 1 year |
| ICICI prudential technology fund | 69.2% | 1 year |
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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.
