ICICI Prudential Mutual Fund has announced the launch of the ICICI Prudential Conglomerate Fund, an open-ended equity scheme designed to invest in promoter-led groups with at least two listed companies across multiple sectors. The fund aims to capture the growth potential of India’s leading conglomerates while offering portfolio diversification. It will be benchmarked against the BSE Select Business Groups Index.
Fund Details
- NFO Period: October 3 – October 17, 2025
- Minimum Subscription: ₹1,000
- Options: Growth and Income Distribution
- Fund Manager: Lalit Kumar
The scheme seeks exposure to well-established business groups with proven track records, providing investors access to structural growth opportunities across multiple industries while mitigating sector-specific risks.
Investment Universe
- Covers 71 conglomerate groups comprising nearly 240 listed companies across India.
- Includes large-cap leaders as well as mid- and small-cap businesses that are part of diversified promoter-led structures.
- Promoter-led conglomerates often enjoy strong balance sheets, lower capital costs, and operational flexibility, enabling them to allocate resources efficiently in sectors like renewable energy and semiconductors.
Summary
ICICI Prudential Mutual Fund has launched the Conglomerate Fund, with its NFO starting on October 3, 2025. The fund invests in promoter-led groups with multiple listed companies, offering diversified exposure to India’s leading conglomerates. Targeting 71 groups and 240 companies, the scheme seeks long-term growth while mitigating sector-specific risks, leveraging the strong balance sheets and strategic flexibility of established conglomerates.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
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