Adani Enterp.

2611.8 13.60

Adani Ports

1459.3 14.20

Apollo Hospitals

7354.5 -6.00

Asian Paints

2410.6 17.10

Axis Bank

1172.4 6.50

Bajaj Auto

8293.5 -17.50

Bajaj Finance

925 -3.40

Bajaj Finserv

2029.1 -7.40

Bharat Electron

407.55 -1.40

Bharti Airtel

1942 7.80

Cipla

1480.1 -10.80

Coal India

386.15 -0.30

Dr Reddy's Labs

1260 -0.90

Eicher Motors

5589 -2.00

Eternal Ltd

263.05 -3.40

Grasim Inds

2767.4 -11.20

HCL Technologies

1569.7 3.30

HDFC Bank

1998.9 3.40

HDFC Life Insur.

760.45 3.60

Hero Motocorp

4402.2 -51.80

Hind. Unilever

2526.8 -0.10

Hindalco Inds.

666.2 -4.65

ICICI Bank

1427 -3.80

IndusInd Bank

883 2.00

Infosys

1607.4 21.80

ITC

424 1.90

JSW Steel

1023.5 -11.50

Kotak Mah. Bank

2181.6 -6.50

Larsen & Toubro

3509.2 15.20

M & M

3128.7 0.10

Maruti Suzuki

12490 -46.00

Nestle India

2456.7 40.40

NTPC

342.45 0.45

O N G C

243.08 -0.59

Power Grid Corpn

296.9 -1.15

Reliance Industr

1480.5 -4.90

SBI Life Insuran

1831.5 6.70

Shriram Finance

668.35 -16.10

St Bk of India

833 16.55

Sun Pharma.Inds.

1705.1 -22.40

Tata Consumer

1084 2.20

Tata Motors

679 -5.40

Tata Steel

157.62 -1.38

TCS

3242.3 -10.00

Tech Mahindra

1596.3 17.30

Titan Company

3412.7 -2.30

Trent

5392.5 2.50

UltraTech Cem.

12471 -31.00

Wipro

262.2 4.80

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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