Mumbai, Oct. 14 -- ICICI Prudential Mutual Fund has launched the ICICI Prudential Conglomerate Fund, an open-ended equity scheme that invests in promoter-led Indian conglomerates - large business groups with multiple listed companies operating across sectors such as energy, infrastructure, telecom, retail, and finance.

The New Fund Offer (NFO) opened on 3 October 2025, and closes on 17 October 2025. The scheme's benchmark index is the BSE Select Business Groups Index, and it carries a very high risk rating as per its riskometer.

The fund aims to capture the long-term growth potential of India's diversified business houses by investing in conglomerates with strong capital access, operational synergies, and presence across sunrise sectors...