ICICI-Prudential-Energy-Opportunities-Fund-_-NFO-PPT_compressed-1.pdf

ICICI-Prudential-Energy-Opportunities-Fund-_-NFO-PPT_compressed-1.pdf

1. NFO
DATE
July02,2024
July16,2024
ICICIPrudential
EnergyOpportunitiesFund
Powering your country
Poweringyourportfolio
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

2. AWORLDWITHOUT‘ENERGY’WOULDBEDARK
Theinconveniencemakesyouponder,
“AWorldWithoutEnergywouldbeDark!”
1
Youareworkingonyour
laptop,whentheelectricity
getscutoffabruptly
2
Youfretandfumeas
yourmobilebatteryislow
Besides,youcan’teven
useelectricalappliances
likethemicrowaveand
television
3
Theair-conditioner
andelectricbulbsstop
functioning
Theroomisfilledwith
darkness;leavingyou
in despair
4
Youstepintoyourcarto
visitthenearestcafé
Youfeelrelievedtosee
thefueltankfull–Atleast,
youcanusethisformof
ENERGY!
The above exampleis only for illustration purpose
2

3. CONSIDERINGTHEEXAMPLEOFHOUSEHOLDS:
Earlier,necessities of every house were
electriclights,agasstoveandatelevision
Butnow,differentelectricalappliances,such
asrefrigerator,airconditioner,inductionstove,
microwave,cars,two-wheelers,etc.
havebecomeanecessityformosthouseholds
THROWING LIGHTONTHENEEDFORENERGY
Necessity Convenience Productivity Innovation Efficiency Communication Transportation
ENERGY–ESSENTIALPARTOFOURLIFE!!!
LifestyleChange
IncreaseinEnergyDemand
The above exampleis only for illustration purpose. The stock(s)/sector(s) mentioned in this slide do not constitute any recommendation and ICICI Prudential Mutual Fund may or may not have any future position in these stock(s)/sector(s).
3

4. EnergyisNOTrestrictedtoonlyHouseholds–Itplaysakeyroleindiversesegments
UNFOLDINGTHEBROADCOVERAGEOFENERGY
FMCG:FastMovingConsumerGoods,Theabovelistofsectorsisnotexhaustive.Thesameisforillustrationpurpose.Thestock/sectorsmentionedabovearenotindicativeandnottobeconstruedastheportfoliooftheSchemes.Thesector(s)/stock(s)
mentionedinthispresentationdonotconstituteanyrecommendationofthesameandICICIPrudentialMutualFundmayormaynothaveanyfuturepositioninthesesector(s)/stock(s).Theportfoliooftheschemeissubjecttochangeswithinthe
provisionsoftheSchemeInformationDocumentoftheScheme.
KeyDriverforIndustrialGrowthProvidesPowertohouses
•Cooking
•ElectricalAppliances,
suchasWashing
Machines,Television,
Refrigerator,etc.
•Cars
•Two-wheelers
•Cargoengines
•Trains
•Airplanes
•Healthcare
•FMCG
•Textiles
•Chemicals
•Agriculture
•FinancialServices
•Metals
•Oil&Gas
•ConsumerDurables
•InformationTechnology
•Automobile
•Telecommunication
•BroadcastingStations
•InternetServices
•DataTransmission
FuelsourTransportation SupportsCommunicationNetworks
ENERGYENERGY
4

5. OIL& GAS VALUECHAIN
UPSTREAM MIDSTREAM DOWNSTREAM
Companiesthat search for
deposits of oil or gas
(exploration) and then its
extraction through drilling or
other methods
Midstream companies
concentrates on the
processing, transportation,
and storage of crude oil and
natural gas.
Companies which are
involved in the refining,
marketing, and distribution
of Oil & Gas
5
The stock(s)/sector(s) mentioned in this slide do not constitute any recommendation and ICICI Prudential Mutual Fund may or may not have any future position in these stock(s)/sector(s).

6. POWERVALUECHAIN
6
Theabovelistisinclusiveandnotexhaustive.Thestock(s)/sector(s)mentionedinthisslidedonotconstituteanyrecommendationandICICIPrudentialMutualFundmayormaynothaveanyfuturepositioninthese
stock(s)/sector(s).Source:Companywebsites.
GENERATION TRANSMISSION DISTRIBUTION
Companies involved in the generation
of Power through Thermal, Gas,
Hydro, Nuclear or any other non-
conventional sources
Companies involved in the
movement of electrical energy
from a generating site to an
electrical sub-station
Companies involved in the final
process of transmission of
electricity from the sub-station
to individual consumers

7. `
ENERGYTRANSITIONVALUECHAIN–SOLAR&WIND
Cell&Module
Manufacturing
SOLAR–
VALUECHAIN
Ancillaryequipment
EPC
Developer
Nacelle : includes
gearbox, shafts,
generator, brake etc.
WIND –
VALUECHAIN
Blade
Tower
EPC: Engineering, Procurement and Construction. A nacelle is a cover housing that houses all of the generating components in a wind turbine.The stock(s)/sector(s) mentioned in this slide do not constitute any recommendation
and ICICI Prudential Mutual Fund may or may not have any future position in these stock(s)/sector(s).
7

8. ENERGY ANCILLARY COMPANIES
Chemical & Petrochemical
companies
Industrial & Cap goods
companiesengaged in
providing energy
consultancy
Companiesengaged in
manufacturing of
pipelines to be used in
energy sectors
Companies manufacturing
electrical equipment for
production,transmission and
distribution ofenergy
Companies engaged in bio
energy value chain
Companies engaged
in new energy value
chain
The stock(s)/sector(s) mentioned in this slide do not constitute any recommendation and ICICI Prudential Mutual Fund may or may not have any future position in these stock(s)/sector(s).
8

9. INDIA&ENERGYFUTUREIS INTERTWINED
•Indiacurrentenergyneeds
•India’sfuturegrowthstorydependentonenergy
•Premiumizationtodriveenergydemand
•Energydemandforvariousupcomingsegments
•Climatechangeswouldincreasepressureon
energydemand
•GovernmentReformsforEnergySector
9
•IndiaTransition

10. INDIA&ENERGY
10
13
14
14
16
17
17
19
20
21
23
24
25
26
28
29
30
31
33
34
32
35
36
0
5
10
15
20
25
30
35
40
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Energy Consumption (Exajoules)
0
10
20
30
40
50
60
70
80
90
100
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
4444444444555555666666
16161615151414141313121212111111111110101010
2323222221
20201919181817171717171617
16161616
11121315161818192021212222242423242325262626
46454544444444444444444444434344434343424242
Share of Energy Consumption (%)
IndiaEUUSChinaRoW
India’s primary energy consumption has more than
doubled in the last two decades
India is the fourth largest energy consumer globally
DataasonDec31,2022,AvendusSparkResearch.EU:EuropeanUnion.Row:Restoftheworld,US:UnitedStates.Exajoulesisaunitofenergyintheinternationalsystemcorrespondingto2.78kilowattperhour.

11. GLOBALCONTEXT:
COMPARISON OFPERCAPITAPOWERCONSUMPTION
15,438
13,098
11,082
9,906
8,010
7,141
6,9176,848
5,220
4,9064,906
3,957
2,570
1,181
3,260
India’spercapitaenergyconsumptionis1/3rdofglobalaverage.China’sconsumptionis4.4xofIndiaandKoreais9.5xofIndia.WithIndia
expectedtobethethirdlargesteconomyintheworld,itspercapitaenergyconsumptioncouldalsowitnesssignificantrise
PerCapita Consumption(KWhr)=(GrossElectricalEnergyAvailability/MidyearPopulation).
18,000
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
Canada USA KoreaAustraliaJapan FranceRussiaGermany Italy UK China South
Africa
BrazilIndiaWorld
Data as on Dec 31, 2023, Avendus Spark Research. KWhr: Kilowatt hour. UK: United Kingdom. USA: United States
11

12. INDIAENERGY–DEMAND&SUPPLYGAP
Source: CEA, Govt. of India, Avendus Spark Research, FY: Financial year, Gw: Gigawatt
12
252
269
289
310
332
354
231
247
265
285
305
325
0
50
100
150
200
250
300
350
400
FY25E FY26E FY27E FY28E FY29E FY30E
India Peak Demand, GW
India - Peak Demand during Solar Hours
India - Peak Demand during Non-Solar Hours (without storage)
12%
14%
17%
12%
13%
10%
11%
9%
4%
5%
3%
2%
2%
1%1%
0%
1%
2%
3%
0%
3%
6%
9%
11% 11%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
0
50
100
150
200
250
300
350
FY06 FY08 FY10 FY12 FY14 FY16 FY18 FY20 FY22
FY24E FY26E FY28E FY30E
India -Peak Demand during Non-Solar Hours
(without storage)
Peak Demand, GW Peak Demand Met, GW Deficit, %
Power demand expected to grow strongly in future and expected shortages maybe observed mainly during non-solar hours. This may
warrant continued focus towards the sector by the Government to reduce the deficit gap

13. India is the largest EM after China and is expected to become 3
rd
largest economy by 2027 as per IMF estimate
INDIA’SGROWTH STORY
13
22.9
16.9
5.1
4.2
3.2 3.1 2.9
2.1 2.0
1.6
United States
China Japan
Germany
India
United
Kingdom
France
Italy
Canada
Russian
Federation
GDP in 2021 ($ tn)
30.3
28.3
5.45.24.9
4.4
3.3
2.72.62.32.21.9
0.7
US
China
India
Japan
Germany
UK
France
Canada
Brazil
Italy
Russia
Indonesia
Vietnam
GDP in 2027 ($, tn)
Source: IMF (International Monetary Fund), Spark Capital Research, EM: Emerging Market, UK: United Kingdom, US: United States, GDP: Gross Domestic Product

14. China’sshiftfromAgriculturetoManufacturingduring2000-10periodcreatedmassivedemandforPowerandnowthesameis
normalizedduetotheirfocusonserviceorientedindustries.India’sjourneywasdifferent,whereinwemovedfromAgritoservicesandnow
shiftingtowardsManufacturing,whichmaywarrantsforhigherdemandforenergy
INDIA’SGROWTH STORYDEPENDENTONENERGY:
EXAMPLECHINA
14
6%
12%
13%
12%
4%
6%
11%
7%
0%
2%
4%
6%
8%
10%
12%
14%
16%
Agriculture Major industrial sectors Services Total power demand
China power demand CAGR by sector (%)
2000-10 2010-19
Demand growth slowed from heavy
Manufacturing sectors
Demand growth shifted towards
lesser power intensiveend-users
Source: Bernstein Research, Agri : Agriculture

15. 76,330
12,720
12,688
2,411
-
20,000
40,000
60,000
80,000
Singapore
US
Hongkong
Germany
UK
France
Japan
South Korea
Russia
China World Brazil
South Africa
Indonesia
Vietnam
India
Per Capita GDP 2022 (USD, Current Prices)
Source:IEA,Bernsteinanalysis
Source:Data Source: World Bank (https://www.worldbank.org/en/home). UK: United Kingdom, US: United
States, GDP: Gross Domestic Product, USD: US Dollar
PREMIUMIZATION
15
40%
50%
60%
70%
80%
90%
100%
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
% population with access to electricity
World China India Indonesia Thailand Vietnam
Indiaand Indonesia
only recently reached
close to the 100% mark
on % population
having access to
electricity
Higher penetration of electricity coupled with growth in per capita income would result in higher demand for energy

16. INCREASINGPREMIUMIZATION
Withrisingincomelevelsandroomforhigherpenetration,energyconsumptionmaygo higher
2.0
17.5
0
15
10
5
25
20
30
CY18 CY19 CY20 CY21 CY22 CY23
China Europe US India Others GlobalEV
EVPenetration(%)
16
Auto
Outbound
Trips
Air
Conditioners
Refrigerators
Smartphone
Users
Internet Users
4%
6%
8%
18%
37%
58%
15%
9%
60%
94%
54%
60%
81%
42%
90%
100%
83%
95%
Products India China USA
Source: Avendus Spark and Elara capital Research. USA: United States, EV: Electric Vehicle, CY: Calendar Year

17. 110
100
50
250
27
0
6%
5%
3%
0%
1%
2%
3%
4%
5%
6%
0
50
100
150
200
250
300
Green Hydrogen EVs Data Centers
Energy consumption by emerging technologies by
FY30
Bernstein Estimate CEA Estimate* Bernstein estimate as a
% of Total consumption
Source:GoldmanSachs-AIispoisedtodrive160%increaseindatacenterpowerdemand(goldmansachs.com),
Forbes-ChatGPTAndGenerativeAIInnovationsAreCreatingSustainabilityHavoc(forbes.com).AI:Artificial
Intelligence
Source:CEA,Bernsteinanalysisandestimates
ENERGYDEMANDFORUPCOMINGSEGMENTS
•One of the most famous chatbot and virtual
assistant’sdailypowerusageisequalto1,80,000
U.SHouseholds
•The chatbot queryneeds nearly10 timesas
much electricitytoprocessasagooglesearch
•By2028,AItaskscouldbeusingmorepowerthanthe
entirecountryof Iceland
•Datacentreswhichareusedbyorganizationfor
storage&processingofdataatpresentuses1-2%of
globalpowerandbythisdecadeendwoulduse3-4%
ofglobalpower
17

18. HottropicalcountrylikeIndia,thepowerdemandisstronglyco-relatedbyweatherconditions.TheWorldMeteorologicalOrganization
predicts“Theannualmeanglobalnear-surfacetemperatureforeachyearbetween2023and2027ispredictedtobebetween1.1°Cand
1.8°Chigherthanthe1850-1900average.
CLIMATECHANGE
18

19. GOVT.REFORMSINTHEENERGYSECTOR–
OIL&GASSECTOR
•Remunerative realisationfordomesticOilandGasalongwithfavourableexplorationandproductionpolicy
•Gaspricingreforms–KPcommitteereportongasrealizationlinkedtocrude,ensuredbettergas
realizationthanthepast.
•Windfalltaxes–Abolitionofautofuelsubsidy,cappingofupstreamoilrealizationinsteadofadhoc
subsidywhenoilpricesspikeensuredpolicystability.
•Capitalallocation–improvedascomparedtothepastdecade
•OMCsallowedtore-couplosses
•HowGovt.handledoilgoingupduringcrisis
•Unifiedtariff–onenationonegridsothatgasconsumptioncanbeimprovedforfaroffplaces
•GoItargettoincreaseshareofgasfrom6.5%currentlyto15%by2030
•Sizablecapextowardsgastransmissionlines,LNGterminalsandcitygasdistributionnetwork
19
Source: Citi Research. GOI: Govt. of India.LNG: Liquefied Natural Gas, OMC: Oil Marketing Companies, Capex: Capital Expenditure. The stock(s)/sector(s) mentioned in
this slide do not constitute any recommendation and ICICI Prudential Mutual Fund may or may not have any future position in these stock(s)/sector(s)

20. GOVT.REFORMSINTHEENERGYSECTOR-POWER
•Govt.sellingstakeinPSUshasmoderatedoverthelastdecade
•ReceivablesfromDISCOMshascomedownduetoLatePaymentSurcharge
rules(Jun2022)anRevampedDistributionSchemeenablingDISCOMsto
borrowfromPower financing companiesandtofast-tractimplementation
ofSmartMetering.
•Focusondomesticcoalproduction
•ReformsinpowertransmissionwithimpositionofGeneralNetworkAccess
•Discomprivatization
20
Source:CitiResearch.Discom:DistributionCompanies,PSU:PublicSectorUndertaking,Thestock(s)/sector(s)
mentionedinthisslidedonotconstituteanyrecommendationandICICIPrudentialMutualFundmayormaynothave
anyfuturepositioninthesestock(s)/sector(s)

21. India’s Road to ‘net zero’ by 2070
GOVT.REFORMS:‘NETZERO’BY2070
Renewables
CarbonCredit
Trading
ElectricVehicles
CarbonCapture
&Storage
Biofuel
GreenHydrogen
Keyoveralltargets
Keyinitiativespecifictargets
•ReducingemissionintensityofGDPby45%by2030,compareto2005level.
•Non-fossilfuelbasedgenerationcapacityto50%by2030.
•Increasingcarbonsinkcoverageby2.5-3.bntonnesofCO2equivalent,by2030.
•Reducingprojectedemissionsby1billiontonnesfrom2021till2030.
ethanolblending
targetby2025
20%
500
GW
5000
CBG
5
MMTP
renewables
targetedby2030
plants with
productiontarget
of15MMTPAby
2023-24
Green H2
production target
by 2030
21
Source:CitiResearch.GW:Gigawatt,GDP:GrossDomesticProduct,CB:CompressedBiogas,MMTPA:MillionMetricTonnePerYear,Bn:Billion.Thestock(s)/sector(s)mentionedinthisslidedonotconstituteanyrecommendationandICICI
PrudentialMutualFundmayormaynothaveanyfuturepositioninthesestock(s)/sector(s).

22. INDIA TRANSITION
22
2528
3033
3538414446485051525354
0
10
20
30
40
50
60
70
80
90
100
FY 21 FY 22 FY 23 FY 24
FY 25E FY 26E FY 27E FY 28E FY 29E FY 30E FY 31E FY 32E FY 33E FY 34E FY 35E
Trends of rising share of Renewable Energy
Share of Coal / Lignite / GasShare of Hydro
Share of Nuclear Share of renweable capacity
Source: Avendus Spark Research.Data is on FinancialYear (FY) basis. E: Estimates. YTD: Year Till Date
India target of Net Zero by 2070, would require massive push for renewables which is likely open up opportunity for
existing and new players in Energy Value chain. Plus Govt. has awarded higher capacity addition for renewals
0 0
2 2
7
6
10
21
22
14 14
14
47.47
4.75
0
5
10
15
20
25
30
35
40
45
50
FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24
YTD FY25
Renewable Capacity awarded (MW)
SolarWind HybridStorage

23. VALUATION UPDATE
Theme
Valuations
Energy Companies
Profit Pool
Marketcap of
Energy Theme
Company
valuations
23

24. 81%
19%
Non-Energy Stocks Energy Stocks
92%
8%
Non-Energy Stocks Energy Stocks
ENERGY SECTOR REPRESENTATION IN THE
BROADER MARKET INDICES
Share of Energy companies(Ex-RIL)as per
Market Cap (Crs.) as on 31st May’24
Source –MFIE. RIL: Reliance Industries Ltd. Past performance may or may not sustain in future. Past Performance may or may notsustain in the future. The stock(s)/sector(s) mentioned in this slide do not constitute any
recommendation and ICICI Prudential Mutual Fund may or may not have any future position in these stock(s)/sector(s)
Share of Energy companies(Ex-RIL)as
per Profit (Crs.) as on 31st May’24
24
Energy Theme’s Marketcap exposure is lower in the broader market indices compared to their profit pool
No of energy companies in Nifty50 31
st
May 2024
Energy Stocks 5
Non-EnergyStocks 45

25. NIFTY ENERGY INDEX VALUATION V/S BROADER MARKET
Data as on June 14,2024. Source: NSE. P/E: Price to Earnings, P/B: Price to Book Value
25
-38%
-70%
-65%
-60%
-55%
-50%
-45%
-40%
-35%
-30%
-25%
Jun-14 Feb-15 Oct-15 Jun-16 Feb-17 Oct-17 Jun-18 Feb-19 Oct-19 Jun-20 Feb-21 Oct-21 Jun-22 Feb-23 Oct-23 Jun-24
Nifty Energy Index P/E Discount to Nifty 50 Index
Average:
-46%
-35%
-65%
-60%
-55%
-50%
-45%
-40%
-35%
-30%
-25%
Jun-14
Dec-14
Jun-15
Dec-15
Jun-16
Dec-16
Jun-17
Dec-17
Jun-18
Dec-18
Jun-19
Dec-19
Jun-20
Dec-20
Jun-21
Dec-21
Jun-22
Dec-22
Jun-23
Dec-23
Jun-24
Nifty Energy Index P/B Discount to Nifty 50 Index
Average:
-50%
Even after the theme outperforming the broader market, valuation remain reasonable. Nifty Energy Index Trailing PE is at
13.5x compared to Nifty 50 Index Trailing PE at 21.4x

26. WHATWEBRING
TOTHETABLE?
26

27. WHATWEBRINGTOTHETABLE?
Our expertise
in this theme
Our experience
in identifying
ideas
Investment analyst for on–going
monitoring
27

28. Transportation
Power&Utilities
IT
Consumer
NonDurables
Cement
Building
Materials
Consumer
Durables
CapitalGoods
TextilesTelecom
Oil&Gas
Hotels&
Leisure
Construction
Banks&
Finance
Auto&
AutoAnc
Commercial
Services
Pharmaceuticals
Metals&
Mining
RetailRealEstate
Media&
Entertainment
Chemicals
Agriculture&
AgricultureInput
Education
Paper
TEAM OF INVESTMENTANALYSTS
28
The stock(s)/sector(s) mentioned in this slide do not constitute any recommendation and ICICI Prudential Mutual Fund may or may not have any future position in these stock(s)/sector(s)

29. OUREXPERIENCEIN IDENTIFYING IDEAS
2018-19
Theme/Sectorbasedfund
LaunchedPharma,Manufacturing,Consumption,
Commoditiesetc.,postnarrowrally
Special Situation Theme
LaunchedSpecialsituationfund,
postNBFCCrisisin2018
2019
Business Cycle& FlexicapTheme
LaunchedpureMacrofund&FlexiFund,duetorapid
macrochallenges(COVID,Geo-political tensions,
Energyshortageetc.)
2021
2021-22
Broadthemebasedfund
LaunchedPSUEquity,Transportation,Housing,
Innovationetc.postCOVID,duetoattractive
valuations
2021-23
Marketsexpensive&Taxation
impact,parkingsolution
29
NBFC: Non Banking Financial Company, Covid: Coronavirus Disease 2019, PSU: Public Sector Undertaking
Positioning change in ESF

30. ABOUTTHESCHEME
30

31. INVESTMENTUNIVERSE
POWERVALUECHAIN
Coalproducer(Coal),powergeneration,powertransmission
GASVALUECHAIN
Gastransmission(GasTransmission/Marketing),LNGterminal(LPG/CNG/PNG/LNG Supplier),Citygasdistribution
(LPG/CNG/PNG/LNGSupplier)
POWERANCILLARIES
EnergyEPC,PowerT&Dvalue,HeavyElectricalEquipment,Energyefficiencyplays(manufacturingelectricalequipment'sfor
production,transmission&distributionofenergy)
OILVALUECHAIN
Upstream(OilExploration&Production),Integratedrefiningandmarketing(Refineries&Marketing),Standalone
refining(Refineries&Marketing),downstreampetrochemicals(Chemicals&Petrochemicalscompanies)andbase
oilprocessors(companiesengaginginactivitiessuchexploration,production,distribution,transportationand
processingoftraditional&newenergy),lubricants,oilfieldservices(OilEquipment&Services)
GREENENERGY/ NEW ENERGY
Companiesundergoingenergytransition,Solarvaluechain,Windpowervaluechain,Hydrogenvaluechain,
Bioenergyvaluechain(companies involvedbioenergyvaluechain),alternatefuel(companiesmaking
componentsofnewenergy)
31
Theabovelistisinclusiveandnotexhaustive.Thestock(s)/sector(s)mentionedinthisslidedonotconstituteanyrecommendationandICICIPrudentialMutualFundmayormaynothaveanyfuturepositioninthesestock(s)/sector(s).LNG:Liquefied
NaturalGas,CNG:CompressedNaturalGas,PNG:PipedNaturalGas.EPC:Engineering,ProcurementandConstruction.T&D:Transmission&Distribution.

32. PROPOSED PORTFOLIO CONSTRUCT –
THOUGHTS &PHILOSOPHY
OPPORTUNITIES
OTHER
ASPECTS:
PROPOSED
PORTFOLIO
CONSTRUCT
ENERGY
•AlliedSectorslikemanufacturingofpipelinesfor
energy,bio-energyvaluechain,manufacturingof
electricalequipment,energyautomation&
consultancyservicesetc
•Innovativecompanies
•Strongexecution
•Conventionalsourcesofenergycompanies-likeOil&
Gas,CoalorThermalorGasgenerationcompanies
•StrongFCF&BalanceSheetStrength
•Focus towardscompanieswhicharealso venturing
intogreenenergyspace
•Companies with re-rating potential
Investingincompanieswith
long-termbias
Largecapbiased*
FCF:FreeCashflowGeneration.TheassetallocationandinvestmentstrategywillbeaspertheSID.*Thebenchmark(NiftyEnergyTRI)has100%exposuretolargecapcompanies.
32
Investing in companies which are supporting the energy
companies (allied business activities)
Predominantly taking exposure in companies involved in the
traditional & new energy sectors

33. DataasonMay31,2024,Source: NSE. The stock(s)/sector(s) mentioned in this slide do not constitute any recommendation and ICICI Prudential Mutual Fund may or may not have any future position in these
stock(s)/sector(s)
BENCHMARK CONSTITUENTS:NIFTYENERGYTRI
33
Company’s Name Industry Weight(%)
Reliance Industries Ltd. Refineries & Marketing 31.0
NTPC Ltd. Power Generation 14.3
Power Grid Corporation of India Ltd. Power -Transmission 11.8
Coal India Ltd. Coal 9.4
Oil & Natural Gas Corporation Ltd. Oil Exploration & Production 8.6
Tata Power Co. Ltd. Integrated Power Utilities 6.2
Adani Green Energy Ltd. Power Generation 5.8
Bharat Petroleum Corporation Ltd. Refineries & Marketing 5.0
Indian Oil Corporation Ltd. Refineries & Marketing 5.0
Adani Energy Solutions Ltd. Power Distribution 2.8

34. SUMMARY
•India’sstructuralstoryremainsstrongandexpectedtogrowatarobustpace
•EnergyremainsmajorcatalystforIndiatorealizeitsgrowthtarget
•Energydemandisexpectedtogrowoverthedecadeandwouldremainakeythemeforlong-term
•VariousfactorslikeClimatechange,premiumization,India’sfocusonmanufacturing,Growthinpercapitaincomeetc.
remainsfactorsthat propelgrowth in India’s energy demand
•TherearevariouscompaniesinvolvedinthevaluechainofEnergy,thiswouldhelpincreatingadiversifiedportfolio
•DecadalthemewithLong-termbiasandhence,investorswithlong-termhorizonshouldinvestinthescheme
34

35. TypeofScheme
Plans
Anopen-endedequityschemefollowingthe energytheme.
Options Growth&IDCW*
ICICIPrudentialEnergyOpportunitiesFund–RegularPlan&
ICICIPrudentialEnergyOpportunitiesFund–DirectPlan
PORTFOLIOFEATURES
MinimumApplicationAmount Rs.5,000(plusinmultiplesofRe.1)
MinimumAdditionalApplicationAmount Rs.5,000(plusinmultiplesofRe.1)
EntryLoad Notapplicable
BenchmarkIndex
NiftyEnergyTRI
*IDCW–IncomeDistributioncumCapital WithdrawalOption.Paymentofdividendissubjecttoavailabilityofdistributable surplusandTrusteeapproval.PursuanttopaymentofIDCW,theNAVoftheschemefalls
totheextentofdividendpayout. Whenunitsaresoldandsaleprice(NAV)ishigherthanfacevalueoftheunit,aportionofsalepricethatrepresentsrealizedgainsiscreditedtoanEqualizationReserveAccountand
whichcanbeusedtopaydividend.Dividendcanbedistributedoutofinvestorscapital(EqualizationReserve),whichispartofsalepricethatrepresentsrealizedgains.Incasetheunitholderhasoptedfordividend
payoutoption,theminimumamountfordividendpayoutshallbe100(netofdividenddistributiontaxandotherstatutorylevy,ifany),elsethedividendwouldbemandatorilyreinvested
MinimumRedemptionAmount AnyAmount
Exit Load
Lessthan3months 1%ofapplicableNAV
Morethan3months Nil
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SIP/SWP/STP
Available
Fund Managers Sankaran Naren and NityaMishra. Theoverseas investment will be managed by Sharmila D’Mello

36. ICICIPrudentialEnergyOpportunities Fund (Anopen-endedequityschemefollowingthe energytheme.) is
suitableforinvestorswhoareseeking*:
Investorsunderstandthattheirprincipalwillbeat
VeryHighRisk
•LongTermWealth Creation
•An equity scheme thatpredominantly invests ininstruments of companiesengaged in and/orexpected to benefit
fromthe growth in traditional &new energy sectors &allied business activities
*Investorsshouldconsulttheirfinancialadvisersifindoubtaboutwhethertheproductissuitableforthem.
RISKOMETER&DISCLAIMER
MutualFundinvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
Allfiguresandotherdatagiveninthisdocumentaredated.Thesamemayormaynotberelevantatafuturedate.TheAMCtakesnoresponsibilityofupdatinganydata/informationinthismaterial
fromtimetotime.Theinformationshallnotbealteredinanyway,transmittedto,copiedordistributed,inpartorinwhole,toanyotherpersonortothemediaorreproducedinanyform,without
priorwrittenconsentofICICIPrudentialAssetManagementCompanyLimited.Prospectiveinvestorsareadvisedtoconsulttheirownlegal,taxandfinancialadvisorstodeterminepossibletax,legal
andotherfinancialimplicationorconsequenceofsubscribingtotheunitsofICICIPrudentialMutualFund.
Disclaimer:Inthepreparationofthematerialcontainedinthisdocument,ICICIPrudentialAssetManagementCompanyLtd.(theAMC)hasusedinformationthatispubliclyavailable,includinginfor-
ma-tiondevelopedin-house.Someofthematerialusedinthedocumentmayhavebeenobtainedfrommembers/personsotherthantheAMCand/oritsaffiliatesandwhichmayhavebeenmade
availabletotheAMCand/ortoitsaffiliates.Informationgatheredandmaterialusedinthisdocumentisbelievedtobefromreliablesources.TheAMChoweverdoesnotwarranttheaccuracy,
reasonablenessand/orcompletenessofanyinformation.Wehaveincludedstatements/opinions/recommendationsinthisdocument,whichcontainwords,orphrasessuchas“will”,“expect”,
“should”,“believe”andsimilarexpressionsorvariationsofsuchexpressions,thatare“forwardlookingstatements”.Actualresultsmaydiffermateriallyfromthosesuggestedbytheforwardlooking
statementsduetoriskoruncertaintiesassociatedwithourexpectationswithrespectto,butnotlimitedto,exposuretomarketrisks,generaleconomicandpoliticalconditionsinIndiaandothercoun-
triesglobally,whichhaveanimpactonourservicesand/orinvestments,themonetaryandinterestpoliciesofIndia,inflation,deflation,unanticipatedturbulenceininterestrates,foreignexchange
rates,equitypricesorotherratesorpricesetc.ICICIPrudentialAssetManagementCompanyLimited(includingitsaffiliates),theMutualFund,TheTrustandanyofitsofficers,directors,personnel
andemployees,shallnotliableforanyloss,damageofanynature,includingbutnotlimitedtodirect,indirect,punitive,special,exemplary,consequential,asalsoanylossofprofitinanywayarising
fromtheuseofthismaterialinanymanner.Further,theinformationcontainedhereinshouldnotbeconstruedasforecastorpromise.Therecipientaloneshallbefullyresponsible/areliableforany
decisiontakenonthismaterial.
Itmaybenotedthattheschemerisk-o-meterspecifiedaboveisbasedontheinternalassessmentoftheschemecharacteristicsandmayvarypostNFOwhentheactualinvestmentsaremade.
Thesameshallbeupdatedonongoingbasisinaccordancewithclause17.4oftheMasterCircular.
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37. THANKYOU
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