Listen to this article
ICICI Prudential Mutual Fund is set to launch ICICI Prudential Rural Opportunities Fund, an open-ended equity scheme following rural and allied theme.
The scheme will invest in sectors contributing to and benefiting from rural India's growth and development.
In a press release, Sankaran Naren, ED & CIO of ICICI Prudential MF said, “Rural India is the next theme that can have a transformational impact in the next decade. Driven by structural and cyclical economic factors and also due to many state governments’ increased focus on rural development through various initiatives, it is likely going to be the segment that will contribute to economic growth. Therefore, our new scheme aims to leverage these developments, offering investors a chance to partake in India’s rural growth story.”
Sankaran Naren and Priyanka Khandelwal will manage the scheme, which will be benchmarked against the Nifty Rural Index TRI.
