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Wednesday, January 11, 2017

ICICI Prudential Value Fund - Series 11 New Fund Offer



The year 2016 taught us to expect the unexpected. From United Kingdom's decision to leave the European Union to US Presidential elections' results and demonetisation of high value currencies in India, the year 2016 tore the investment rule book to smithereens.
Fundamentally, a good structural bull market plays out when the three economic production factors – land, labour and capital – bottom out. Post demonetisation, land prices are likely to decrease, interest rates have already come off and labour costs have reduced over the last three to four years. This means we are currently in a situation where all the three factors are on a downward trajectory, which can be a big positive. Now, we expect the de-leveraging cycle to play out leading to a rise in capacity utilization and corporate earnings. Valuations on parameters such as market capitalization to GDP (gross domestic product) are reasonable and profit as a percent of GDP has reduced substantially.
Also improvement in the macro indicators, focus on new and existing projects, and governments thrust on reforms, we believe the economy has reached the inflection point and is expected to grow over next 3 to 5 years and this strengthens our conviction in launching ICICI Prudential Value Fund - Series 11, a 3 year close ended equity fund that aims to provide long-term capital appreciation by taking exposure in those stocks/sectors that are more levered to the economy and are likely to grow at a faster pace.
Presenting ICICI Prudential Value Fund - Series 11
The Scheme is a 3 year close ended equity scheme that aims to provide long-term capital appreciation by taking exposure in those stocks/sectors that are more levered to the economy and are likely to grow at a faster pace.
  • The fund will follow a Flexicap approach of investment.
  • The fund will invest in sectors that are likely to get benefited from India's economic recovery and expected to do well in the next 3 years. Sectors which can be benefited are
    • The fund will follow a Flexicap approach of investment.
    • The fund will invest in sectors that are likely to get benefited from India's economic recovery and expected to do well in the next 3 years. Sectors which can be benefited are
      • Interest Rate sensitive sector
      • Infrastructure Sector
      • Defense and Consumption
      • GST play
    • As a part of investment strategy the Scheme may buy put options either for the entire/partial portfolio depending on the discretion of the fund managers and subject to market conditions




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