03/07/2024
*ICICI Prudential Energy ⚡Opportunities fund*
_NFO Opens:July 02
Closes:July 16_
Fund Managers- Sankaran Naren,Nitya Mishra and Sharmila
Did you know💡
India is likely to account for 25% of global energy demand growth over the next two decades.India's energy consumption will be 3️⃣times of global average.
Factors driving energy demand 🔌
1)Rising income level results in more consumption
2)Improved infrastructure and technology
3) Rising power ⚡demand due to weather conditions such as heat wave😥
4) Government reforms such as net zero emission by 2070, privatisation and one nation one grid scheme.
What about the stock valuation?
Our benchmark is Nifty Energy Index which has 13.5 PE compared to markets 21.5 PE.Hence, energy funds are comparatively cheaper .
Where are we Investing?🤔
Heavy equipment manufacturers,
Renewable energy companies, Refineries, Lubricant,Gas transmission,CNG terminal, Coal producers,Power generation and transmission companies etc
Few stocks which we expect to became part of portfolio.
Tata power
Reliance industries
ONGC
NTPC
IOC.
HIND Petrol
GAIL
BP L
Adani Green Energy etc
