ICICI Prudential Mutual Fund has launched a new thematic equity scheme — ICICI Prudential Conglomerate Fund Direct – Growth, now open for subscription from 3rd October to 17th October 2025. With a very high-risk profile, this NFO invests in equity and equity-related instruments following the conglomerate theme, aiming for long-term capital appreciation.
Key NFO Details
| Detail | Information |
| Fund Name | ICICI Prudential Conglomerate Fund Direct – Growth |
| NFO Period | 03 Oct 2025 to 17 Oct 2025 |
| Allotment Date | 24 Oct 2025 |
| Category | Equity – Thematic |
| Risk Level | Very High |
| Fund Type | Open-ended |
| Benchmark | BSE Select Business Groups |
| Minimum Investment | ₹1,000 (lumpsum), ₹1,000 (SIP) |
| Exit Load | Exit load of 1%, if redeemed within 12 months |
| Short-term capital gains (STCG) | Returns are taxed at 20% if you redeem before 1 year |
| Long-term capital gains (LTCG) | After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5% |
Investment Objective
The scheme seeks to generate long-term capital appreciation by investing in equity and equity-related instruments following the conglomerate theme.
How Does This Compare with the Category?
| Time Period | Category Avg. Returns (CAGR) |
| 1 Year | 9.71% |
| 3 Years | 15.92% |
| 5 Years | 16.96% |
| 7 Years | 17.95% |
| 10 Years | 15.35% |
| 15 Years | 14.52% |
| Since Inception | 13.71% |
These figures reflect the historical performance of thematic equity funds in India.
Should You Invest in This NFO?
Investing in this NFO makes sense if:
• You’re seeking very high-risk exposure to India’s top business conglomerates.
• You want a thematic equity fund with potential for long-term capital appreciation.
• You are comfortable with volatility and are targeting high returns over the long term.
Note: NFOs have no past performance record, so they are suitable for informed and risk-tolerant investors.
About ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund manages ₹9,83,726 Cr AUM (as of June 30, 2025) and offers a broad range of high-performing equity funds, including:
| Fund Name | AUM | 1Y | 5Y |
| ICICI Prudential Infrastructure Fund | 7,645 Cr | 1.97% | 37.68% |
| ICICI Prudential BHARAT 22 FOF Scheme | 2,265 Cr | -2.7% | 35.39% |
| ICICI Prudential Commodities Fund | 2,919 Cr | 6.51% | 33.45% |
| ICICI Prudential India Opportunities Fund | 29,871 Cr | 4.59% | 33.14% |
| ICICI Prudential Dividend Yield Equity Fund | 5,779 Cr | 3.31% | 30.29% |
| ICICI Prudential Retirement Fund – Pure Equity Plan | 1,333 Cr | 8.81% | 29.28% |
Also Read:
- Invesco India Consumption Fund NFO: Thematic Consumption Play for 2025
- Motilal Oswal Consumption Fund NFO: A Thematic Investment in Consumption for 2025
- Zerodha Nifty 50 Index Fund NFO: Large-Cap Index Investment Opportunity for 2025
- Axis CRISIL-IBX Financial Services 3–6 Months Debt Index Fund NFO: A Low to Moderate Risk Ultra Short-Duration Debt Option for 2025
Final Thoughts
For investors seeking a thematic approach with exposure to India’s top conglomerates, the ICICI Prudential Conglomerate Fund NFO offers an opportunity to tap into long-term growth potential.
Review the scheme document carefully and align your investment with your financial goals and risk appetite before subscribing.
