The new fund offer, which opened on April 10, will close on April 24.
Citing a study by McKinsey & Company, the fund house said that innovating companies tend to outperform non-innovating players as they fare better in terms of organic growth.
“As countries look to become increasingly self-sufficient in terms of resources, innovation as a theme is likely to do well going forward globally and domestically. With the deployment of 5G technology, a wide gamut of sectors/industries stand to benefit and India already has a robust ecosystem in place for nurturing innovation,” said Chintan Haria, Head – Investment Strategy, ICICI Prudential AMC.
First Published: Apr 10 2023 | 9:29 PM IST