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ICICI Prudential Mutual Fund has launched the ICICI Prudential Conglomerate Fund, an open-ended equity scheme that invests in promoter-led Indian conglomerates ' large business groups with multiple listed companies operating across sectors such as energy, infrastructure, telecom, retail, and finance. The New Fund Offer (NFO) opened on 3 October 2025, and closes on 17 October 2025. The scheme's benchmark index is the BSE Select Business Groups Index, and it carries a very high risk rating as per its riskometer. The fund aims to capture the long-term growth potential of India's diversified business houses by investing in conglomerates with strong capital access, operational synergies, and presence across sunrise sectors. It combines top-down and bottom-up stock selection approaches to identify opportunities. Minimum investment starts at Rs 1,000, and SIP/SWP/STP options are available. The fund will be managed by Lalit Kumar. The exit load will be 1% for redemptions within 12 months and nil thereafter. ICICI Prudential AMC said the scheme offers built-in diversification and exposure to companies positioned to benefit from India's expanding economy and corporate growth cycle. Powered by Capital Market - Live News
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