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
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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