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ICICI Mutual Fund’s Housing Opportunities Fund opens today: Should you invest?

This theme-based fund will invest in stocks and sectors that can benefit from the growth of housing market in India

ICICI Prudential Mutual Fund, the country’s second-largest asset manager, has launched a theme-based fund after a long time. The ICICI Prudential Housing Opportunities Fund’s new fund offer opens today (March 28), which will focus on the housing theme.

The scheme

S Naren, chief investment officer of ICICI Prudential Mutual Fund, who is known for his macro and business cycle calls, will be managing the fund along with co-fund manager Anand Sharma.

ICICI Prudential Housing Opportunities Fund will be benchmarked against the Nifty Housing Index, which is a newly-launched index by NSE.