Last updated:
New Mutual Fund: In the new year, you are also looking for an option where good profit can be made by investing money, then ICICI Prudential is giving you this opportunity. This mutual fund being launched from 9 January …Read more
ICICI Prudential is launching a new mutual fund.
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), launched from January 9, will have the power to draw money from rural India and this fund will give you a chance to invest money and earn returns in rural -based schemes. The NFO of ICICI Prudential Rural Operations Fund will be opened on 9 January and can be invested by 25 January.
ICICI Prudential AMC’s ED, CIO and NFO fund manager Sankran Naren said that rural India is a subject that can have transformational effects in the next decade. Inspired by structural and cyclic economic factors and due to the growing focus on rural development through various initiatives by many state governments, it will probably be a segment that will contribute to economic growth. Therefore, the goal of our new scheme is to take advantage of these developments, so that investors can get a chance to participate in India’s rural development story.
Rural economy
The story of India’s development is very deeply related to its rural development. Since the country aspires to become a global manufacturing center, rural India plays an important role in this change. The government has made significant progress in improving basic requirements and quality of life in rural areas, paving the way for comprehensive developmental efforts. After a decade of a decade stop, there is a future possibilities due to the increase in rural demand.
Which schemes will benefit
The Nifty Rural Index aims to track the performance of shares from the Nifty 500 index, which represent rural theme. The largest 75 shares of eligible basic industries are selected on the basis of average free-flot market capitalization of 6 months. An important part of India’s GDP comes from rural areas and the government’s focus is on rural infrastructure and improving the economy. These include schemes like Pradhan Mantri Awas Yojana, Jal Jeevan Mission, Ayushman Bharat, Pradhan Mantri Jan Arogya Yojana, Pradhan Mantri Agricultural Irrigation Scheme and Pradhan Mantri Suraksha Bima Yojana, which will benefit investors of this fund.
Pramod Kumar Tiwari likes to cover the stock market, investment tips, tax and personal finance. Explains complex subjects very easily. In newspapers, dozens of columns have also been written on personal finance. Journalist …Read more
Pramod Kumar Tiwari likes to cover the stock market, investment tips, tax and personal finance. Explains complex subjects very easily. In newspapers, dozens of columns have also been written on personal finance. Journalist … Read more
