Mutual Fund: If you are looking for investment opportunities in mutual funds, then this can be useful news for you. Actually, mutual fund company ICICI Prudential Mutual Fund is launching a new fund offer (NFO). This new fund offer for investment is opening on March 28. You will be able to invest in this fund till April 11. Explain that through this scheme you can invest in all segments of the housing sector. One can invest a minimum of Rs 5,000 in this scheme. Its fund managers will be S Naren and Anand Sharma.
what is the purpose
According to the company, the fund is an open-ended equity scheme with a housing theme. There are businesses in this sector in many segments. It has cement, consumer, electronics, housing finance companies, banks, steel, LPG/CNG/ PNG/ LNG suppliers. Housing as a theme is seen as real estate. By 2025, it is expected that a total of 525 million Indians will live in urban areas. It aims to invest in equity and equity-related companies instruments that are likely to benefit from the growth of housing. The scheme will be part of the Nifty Housing Index.
Housing sales increase in top 7 cities of the country
Many statistics show that by 2030, the number of Indians living in urban areas will increase to 600 million. The real estate sector in India is expected to be worth one trillion dollars i.e. Rs 76 lakh crore by 2030. This indicates that the sector will have good growth. After the lockdown, the volume of housing sales in the top 7 cities of the country has increased by 113% on a yearly basis. Going forward, the housing sector is expected to get a faster pace under the Pradhan Mantri Awas Yojana Scheme. Regarding this, the company’s Product Head, Chintan Hariya said that we believe that Housing as a theme is a strong cycle.