ICICI Prudential Mutual Fund has launched the ICICI Prudential Conglomerate Fund, an open-ended equity scheme investing in promoter-led groups that have at least two listed companies operating across various sectors. The new fund offer (NFO) opens for subscription on October 3 and closes on October 17, with a minimum application amount of Rs 1,000 required. Benchmarking will be against the BSE Select Business Groups Index, and the scheme will be managed by Lalit Kumar. The fund’s investment universe covers around 71 conglomerate groups comprising nearly 240 listed companies from large-, mid-, and small-cap segments. Advertisement

"The leading business groups in India have demonstrated an ability to reinvent themselves across decades, from retail to telecom to future-ready areas like rene

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