New Delhi. If you also invest in stock market and mutual funds, then a big opportunity is coming for you in the new year 2025. This new Mutual Fund Offer (NFO) to be launched from January 9 will have the power to attract money from rural India and this fund will give you an opportunity to invest money in rural based schemes and earn returns. The NFO of ICICI Prudential Rural Opportunities Fund will open on January 9 and investments can be made in it till January 25.
ICICI Prudential Mutual Fund has announced Rural Opportunities Fund, an open-ended equity scheme based on rural and allied themes. The scheme will primarily invest in areas that contribute to and benefit from the growth and development of rural India. Its objective is to generate high long-term returns by investing in equity and equity-related instruments of companies mainly involved in rural and allied sectors.
Also read – Good news for India before the new year! Government and common man will all get benefit from this
Immense possibilities in rural India
Sankaran Naren, ED, CIO and Fund Manager, NFO, ICICI Prudential AMC, said that rural India is a topic that can have a transformative impact in the next decade. Driven by structural and cyclical economic factors and increasing focus on rural development through various initiatives by many state governments, this will likely be the segment that will contribute to economic growth. Therefore, our new scheme aims to take advantage of these developments, giving investors the opportunity to participate in India’s rural growth story.
Rural economy is the root of India
India’s development story is deeply linked to its rural development. As the country aspires to become a global manufacturing hub, rural India plays a vital role in this transformation. The government has made significant progress in improving basic needs and quality of life in rural areas, paving the way for comprehensive developmental efforts. There are possibilities for the future here with rural demand increasing again after a decade of stagnation.
Which schemes will benefit?
The Nifty Rural index aims to track the performance of stocks from the Nifty 500 index, which represent the rural theme. The largest 75 stocks in eligible infrastructure industries are selected based on 6-month average free-float market capitalisation. A significant portion of India’s GDP comes from rural areas and the government is focused on improving rural infrastructure and the economy. These include schemes like Pradhan Mantri Awas Yojana, Jal Jeevan Mission, Ayushman Bharat, Pradhan Mantri Jan Arogya Yojana, Pradhan Mantri Krishi Sinchai Yojana and Pradhan Mantri Suraksha Bima Yojana along with MNREGA, which will benefit the investors of this fund.
Tag: mutual fund, stock market, stock market
first published : December 30, 2024, 12:12 IST
