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
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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