Archive · 4 Oct 2025
ICICI Prudential Launches Conglomerate Fund in India
ICICI Prudential is starting a new fund that invests in big business groups in India, like Reliance and Mahindra.
These groups have many different businesses, which can help them do well even if some industries struggle.
The fund wants to give investors a way to benefit from the growth of these large companies.
It's starting with an initial offering on October 3, 2025 and will invest in companies across different sectors, including those in renewable energy and technology.
ICICI Prudential launched the Conglomerate Fund, an open-ended equity scheme.
The fund focuses on India's largest promoter-led business groups.
NFO opened October 3, 2025 and closes October 17, 2025.
Fund invests across market capitalizations, including large, mid, and small caps.
The fund aims to offer exposure to India’s largest business houses across sectors.
- Who
- ICICI Prudential Mutual Fund
- What
- Launched Conglomerate Fund
- When
- October 3, 2025 (launch)
- Where
- India
- Why
- To capture opportunities within India’s largest business groups
- Fund Name
- ICICI Prudential Conglomerate Fund
- Fund Type
- Open-ended equity scheme
- NFO Open Date
- October 3, 2025
- NFO Close Date
- October 17, 2025
- Benchmark
- BSE Select Business Groups Index
- Minimum Application
- Rs 1,000
Sources
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Invesco Mutual Fund unveils India Consumption Fund NFO
Quant MF launches Long Short SIF funds, stays bullish on large caps, key sectors
