Today’s era is of technology and innovation. People’s enthusiasm for innovation is increasing since the Corona period, many small startups across the country are turning into unicorns in no time by taking the help of innovation and technology. But what if you invest with the help of innovation and reap the benefits?
So to take advantage of such innovative companies, ICICI Prudential has launched an Innovation Fund. In the portfolio of this fund, only companies that are moving forward with the help of innovation have been included. The New Fund Offer ie NFO of this fund is open till 24th April and you can invest in it.
How will you benefit from this fund?
Looking at the potential of innovation, it is necessary to choose the right things to take advantage of it, ICICI Innovation Fund can be helpful in this matter. Chintan Haria, Head of Investment Strategy, ICICI, said innovation as a theme is likely to take off globally as well as domestically as our country seeks to become increasingly self-sufficient in resources. Wherein he further told that his research team will track sector or theme based results and under that the portfolio of innovation fund will be prepared.
What is the specialty of this fund?
So let us tell you, this fund will come in contact with companies involved in innovation related to products, services or solutions and its approach will be bottom-up. This fund is not affected by the market-cap at all, due to which it will invest in companies related to new types of technology such as cloud computing, entertainment, automatic cars. The fund will invest 20% of the total portfolio in global equities and as these companies grow, the returns of the fund will also increase.
