ICICI Prudential Innovation Fund: Your money will also be invested in companies outside India, chance till April 24

Innovation has caught pace very fast in the last decade. It is due to innovation that earlier the locomotive used to drive the train, now it has reached high speed like Vande Bharat.

Innovation has become most important in today's era. Perhaps that's why big companies of the whole world are resorting to it, be it in the technology sector or finance. In every sector, these companies are creating new dimensions on the basis of innovation. If you also want to secure your future by investing, then ICICI Prudential's NFO has opened for you on innovation based theme. This NFO based on innovation theme will close on 24 April. In such a situation, you have a chance to invest in it till 24 April.

Historically, it has been observed that innovator companies tend to outperform laggards in this phase as they tend to do better in terms of organic growth through innovation which leads to better opportunities to make money. Work on innovation is happening fast all over the world. For example: telephone took 66 years to reach 50% penetration while smartphone took only seven years to achieve the same feat.

This is how life is changing with innovation

Innovation has caught pace very fast in the last decade. It is due to innovation that earlier the locomotive used to drive the train, now it has reached high speed like Vande Bharat. The steam engine, the internal combustion engine, the telephone, the automobile, electricity, computers, the internet, artificial intelligence, energy storage, robotics and blockchain, all of which are milestones of innovation in the past 300 years alone.

Innovation making a strong ecosystem

The right selection is of paramount importance to take full advantage of the innovation. In such a situation, ICICI Prudential Innovation Fund can be helpful. Chintan Haria, Head of Investment Strategy, ICICI Prudential AMC, says that just as our country is becoming increasingly self-sufficient in terms of resources, there is a need to move forward globally and domestically with innovation as a theme. Chances are. According to Chintan Haria, with the introduction of 5G technology, many sectors and industries will benefit and India already has a strong ecosystem to promote innovation. He said that through this offer, an investor will have access to companies involved in innovation related to product or service or solutions, both in India and abroad.

This is how you will get the benefit of the opportunity

The specialty of this NFO is that its product will be associated with companies involved in innovation, whose approach will be bottom-up. The fund will be unaffected by market-cap which opens up a lot of possibilities. The scheme may invest up to 20% of its net assets in international equities to tap opportunities such as cloud computing, entertainment, driverless cars etc. ICICI Prudential is a fund house that has a long history of identifying the next big thing, this is certainly an interesting theme topic to watch for many years to come.