ICICI Prudential Bharat Consumption Fund Series - 1

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        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 instruments of the consumption theme, fund aims to generate long term wealth for the investors and hence the close-ended nature of the scheme. The fund will have a tenure of 1300 days from the date of allotment of units.
       The fund will invest in companies from and not limited to indicative sectors such as; Consumer durables, Consumer Non-durables, Healthcare, Pharma, Auto, Auto ancillaries, Telecom, Services, Aviation,Retail etc.

        The fund will follow a combination of value and growth approach to stock picking and intends to invest in stocks across large cap,mid cap,small cap. It may also invest in debt and money market instruments, based on prevailing market conditions. The fund may also use derivatives and and hedging products in order to protect the portfolio value and enhance investor's interest.
         In all the fund can be a good bet in the next 3.5 years to earn a good return on your investment. Since it is a Thematic fund, it falls in the high risk category of investments. Investors are requested to do the due diligence before investing in the scheme.

NFO is open from 22nd March to 5th April 2018. Since it's close ended scheme, it will not open for investments after the due date.

Please read the scheme information document at: https://www.icicipruamc.com/icici-prudential-mutual-fund/NFO.aspx

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