ICICI Prudential Bharat Consumption Fund Series - 1
ICICI Prudential Bharat Consumption Fund Series - 1, is a close-ended equity scheme following Consumption theme. It aims to generate long term wealth, by investing in a well diversified portfolio of stocks, that could benefit from pickup in consumption and related activities. India with 65% of its population below 65 years of age, is going to reap the benefits of this demographic dividend in the coming years (with robust GDP growth), according to an IMF report. India's consumer market would primarily grow, due to the favourable demographic mix and rising household incomes. Rising income can be one of the key drivers for the growth in consumption in India in coming years. With the majority younger population, who are very ambitious, consumption is set to grow exponentially in India. The fund aims to capture this change in spending habits of the people. By investing in predominantly in equity and related ...