Adani Enterp.

2385 134.00

Adani Ports

1365.6 59.30

Apollo Hospitals

6788.5 66.50

Asian Paints

2335.2 35.60

Axis Bank

1195 43.90

Bajaj Auto

7885.5 203.00

Bajaj Finance

8955 314.00

Bajaj Finserv

2033.1 63.10

Bharat Electron

321.65 5.80

Bharti Airtel

1868 19.60

Cipla

1471.8 -8.20

Coal India

392.8 10.40

Dr Reddy's Labs

1165.7 9.80

Eicher Motors

5425 101.00

Eternal Ltd

234.8 7.66

Grasim Inds

2698.7 63.90

HCL Technologies

1602.9 33.50

HDFC Bank

1938 48.30

HDFC Life Insur.

729.15 15.55

Hero Motocorp

3926 72.10

Hind. Unilever

2367.8 34.90

Hindalco Inds.

644.3 17.15

ICICI Bank

1422.3 33.40

IndusInd Bank

831.5 13.30

Infosys

1549.2 41.60

ITC

431 7.45

JSW Steel

977.9 20.90

Kotak Mah. Bank

2152.1 49.00

Larsen & Toubro

3549.9 106.00

M & M

3038.7 56.60

Maruti Suzuki

12466 216.00

Nestle India

2346.9 21.50

NTPC

345.15 10.40

O N G C

242.8 7.84

Power Grid Corpn

309.4 10.10

Reliance Industr

1423 45.80

SBI Life Insuran

1735.7 35.90

Shriram Finance

626.3 24.85

St Bk of India

800.9 21.65

Sun Pharma.Inds.

1650 -94.80

Tata Consumer

1125.5 11.80

Tata Motors

723.2 14.70

Tata Steel

146.95 4.17

TCS

3511.4 71.10

Tech Mahindra

1522 28.30

Titan Company

3581.7 71.40

Trent

5298.5 185.50

UltraTech Cem.

11580 216.00

Wipro

246.65 4.64

Mutual Funds   
MF News
MF News - Detailed News Back
ICICI Prudential launches Nifty Oil & Gas ETF NFO
  15:13 Hrs IST

ICICI Prudential Mutual Fund has launched a new fund offer (NFO) for its ICICI Prudential Nifty Oil & Gas ETF. The fund aims to mirror the performance of the Nifty Oil & Gas Index, excluding tracking errors.

Investors can subscribe to the NFO from July 8th to July 18th, 2024, with a minimum investment of Rs 100. The ETF will be managed by Nishit Patel and Priya Sridhar, and it tracks the Nifty Oil & Gas TRI as its benchmark.

The Nifty Oil & Gas Index comprises 15 top oil and gas companies from the Nifty 500, ensuring no single company holds more than 33% weight and the top three combined don't exceed 62%.

Reliance Industries is the biggest player in the Nifty Oil & Gas index, holding a 34.14% weightage. Other major constituents include ONGC (15.31%), Indian Oil Corp (8.70%), BPCL (8.49%), and GAIL (8.47%).

Chintan Haria, Principal - Investment Strategy at ICICI Prudential AMC, expressed optimism about the sector, stating, The oil and gas sector is the driving force of modern economic growth, and with growing demand and consumption, it presents a significant investment opportunity.

Historical data indicates that the Nifty Oil & Gas TRI has outperformed the Nifty 500 TRI six times in the past decade and has shown superior performance in many years. The ETF offers investors exposure to various segments of the oil and gas value chain.

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