ICICI Prudential Rural Opportunities Fund NFO: Should you invest?

The ICICI Prudential Rural Opportunities Fund NFO (new fund offer) opened for subscription on January 9, 2025, and will be available for public subscription until January 23, 2025. ICICI Prudential Rural Opportunities Fund NFO at a glance Feature Details Fund name ICICI Prudential Rural Opportunities Fund Fund type Actively-managed thematic equity scheme NFO period January 9-23, 2025 Benchmark Nifty Rural TRI Exit load 1 per cent of NAV if redeemed within a year; Nil after a year Fund manager(s) Mr Sankaran Naren and Ms Priyanka Khandelwal ICICI Prudential Rural Opportunities Fund: What is it? The ICICI Prudential Rural Opportunities Fund is a thematic equity mutual fund that focuses on investing in companies connected to the rural economy. This means it aims to identify and invest in businesses that directly benefit from or cater to rural and allied sectors, such as agriculture, rural infrastructure, rural consumption and related industries. ICICI Prudential Rural Opportunities Fund NFO: How will the fund's performance be measured? This new fund will be benchmarked against Nifty Rural TRI. Nifty Rural TRI: What is it? The Nifty Rural TRI index, as the name implies, comprises 75 companies that are actively involved in or closely linked to rural and allied sectors. Financial services (24.2 per cent), FMCG (21.5 per cent) and Auto (17.4 per cent) are the three most prominent sectors in the index, making up more than three-fifths of the index. Some major companies in this index a