ICICI Prudential Mutual Fund has launched ICICI Prudential Nifty Commodities ETF, an open-ended ETF replicating the Nifty Commodities Index. The Index is designed to reflect the behaviour and performance of a diversified portfolio of companies representing the commodities segment, including sectors like oil, petroleum products, cement, power, chemical, sugar, metals and mining.
“The commodity market has always been one of the most attractive investment asset classes. The demand for commodity inputs, categorized as hard and soft commodities, generally remains high as they fuel the economic growth of the country. Investors looking for commodity exposure in their portfolio can consider ICICI Prudential Nifty Commodities ETF,” said Chintan Haria, Head Product Development & Strategy, ICICI Prudential AMC.