ICICI Prudential Mutual Fund launches Bharat Consumption Fund - Series 1

ICICI Prudential Mutual Fund launches ICICI Prudential Bharat Consumption Fund- Series 1 which is a ~3.5 year close-ended equity scheme. The scheme aims to provide capital appreciation by investing in well-diversified portfolio of stocks that could benefit from growth in consumption and related activities.

The scheme will invest in businesses which include Consumer Non-Durable, Consumer Durable, Auto, Healthcare Services, etc.

The New Fund Offer starts from March 22, 2018 and closes on April 5, 2018. This Scheme will be managed by ICICI Prudential AMC CIO, Mr. Sankaran Naren and Mr. Atul Patel.


Speaking on the occasion, Mr. Nimesh Shah, MD & CEO, ICICI Prudential Asset Management Company Ltd. says, “With significant rise in consumer spending in sectors like consumer durable and non-durable, auto and healthcare services, coupled with government’s focus on reforms; India has positioned itself as one of the fastest rising consumer markets. Through this Scheme investors can benefit from the increase in consumer spending owing to large proportion of working age population over 50 per cent.”