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| ICICI launches Real Estates Securities Fund | | | Early Times Reporter
Jammu | Nov 22
ICICI Prudential AMC today announced the launch of ICICI Prudential real Estate Securities Fund. The fund is a 3 year close ended debt fund designed to invest in real estate sector and real estate oriented sectors like cement, construction, metals, hotels, retail, bank and finance companies etc.
Speaking on the new fund, Managing Director, ICICI Prudential Asset Management Company Ltd Nimesh Shah said we believe in offering products relevant to the customers and this fund is an example of the same. Indian Real estate sector is growing rapidly and is expected to register a growth rate of over 30% p.a. in the next five years. It is the second largest employer next only to agriculture and has significant linkages with several other sectors and industries of the economy. This, through this fund investors will get an opportunity to participate in the promising sector.
He said which make the fund lucrative include the fund is the first real estate securities fund launched in India, this fund provides an opportunity to participate in an industry that is expected to grow at a CAGR of 33% pa over the next 5 years, it will help capture potential benefits across the value chain of the real estate sector, the fund will help gain from the Real Estate development process that offers investment opportunities to capture attractive yield and also growth potential of equity.
The fund will benefit from the profit potential of “Buy Acre and Sell Sq. Ft” through investment in the beneficiaries of the real estate sector.
This fund is structured to control equity exposure given the current market valuations. |
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