ICICI Prudential MF launches ICICI Prudential Transportation and Logistics Fund

ICICI Prudential Mutual Fund has launched ICICI Prudential Transportation and Logistics Fund, an open-ended equity scheme predominantly investing in equity securities of companies engaged in transportation and logistics theme.

The scheme will invest in sectors/stocks that form a part of Nifty Transportation and Logistics TRI.

In a press release, Chintan Haria, Head -  Product Development and Strategy, ICICI Prudential MF said, “Transportation is an under-penetrated market in India. The new policy on logistics by the government underlines the key role played by the sector in the economic growth of the country. With muted performance in the last couple of years, we believe the theme is coming out of the woods and there are more legs to recovery.”