Skip to main content

Mutual Fund Review: Prudential ICICI Growth Plan

Type: Equity Diversified
Fund Manager: S Naren, Deven Sangoi
Inception Date: 19-Jun-1998
 
Prudential ICICI Growth Plan – cumulative was launched in Jun 1998 and has been in operation for more than eight years now, and is predominantly a large cap oriented stock. The scheme has grown at a CAGR of 29.43%, whereas the scheme's benchmark index S&P Nifty has appreciated by 17.04 % in the same period. The scheme due to its large cap focus has managed to maintain its rankings in the top quartile inspite of the recent market meltdown. The investment objective of the scheme as per its offer document is to seek to generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities.
 
Prudential ICICI Mutual fund has Rs 34118.87 crores of assets under management, which is a growth of around 59% over the last years. Only UTI Mutual Fund has a greater asset base at Rs 35027.49 crores.

Prudential ICICI Growth Plan has invested in 34 scrips, top 5 holdings account for 21.56% of the portfolio and top 10 scrips constitute 36.85% of the portfolio. Reliance Industries receives the highest weightage in this month's portfolio with around 5.4% of the total net assets being invested in the scrip.
 
 

The total equity allocation is 86.35% and 12.67% of the net assets are invested in cash and equivalent. The scheme seem to have unwind some positions in the equity markets in view of the increased volatility lately as the equity allocation has come down from 95.22% in Apr 06 to current levels.

Diversified, Banks and Auto & IT are some of the sector which the fund manager is bullish on as reflected by higher asset allocation in these sectors in the last one year, and even in the recent portfolio these sectors dominate with Diversified sector alone constituting 18.17% of the net assets, with Banks and IT sectors receiving 9.66% and 8.37% allocation respectively.

Infosys Technologies, ONGC, Grasim Industries and TCS are some of the other top holdings of the portfolio. And between them they account for one-fifth of the portfolio.

The scheme has done quite a bit of shopping this month and as many as seven new stocks have entered the portfolio, namely, Bank of Baroda, JP Associates, Zee Telefilms, BHEL, Aventis Pharma, Tata Steel and Tech Mahindra, whereas, the scheme exited from some of the stocks like EID Parry, Gujarat Ambuja Cements, Indian Hotels, MTNL, NTPC and Triveni Engg. & Ind. Ltd.

 

Midcap stocks form only a miniscule part of the portfolio and traditionally Midcap and small cap exposure has not gone beyond 7-10% in the last one year, which has resulted in lending stability to the portfolio.
 
The scheme has managed to outperform its peer group average in the last one year period due to its focus on large cap stocks, as Midcap stocks have taken a severe beating in the recent crash, and most scheme with sizeable Midcap exposure are yet to recover from the aftermath. The scheme's CAGR returns of around 29% since the last eight years is noteworthy as it has seen both the phases of the market and has delivered in all circumstances. Investors looking for a scheme which can lend long term stability to their portfolio may well find their answer in Prudential ICICI Growth Plan
 

Popular posts from this blog

Post Office Deposits Interest Rates

Best SIP Funds to Invest Online   SIPs are Best Investments when Stock Market is high volatile. Invest in Best Mutual Fund SIPs and get good returns over a period of time. Know Top SIP Funds to Invest Save Tax Get Rich For further information on Top SIP Mutual Funds contact  Save Tax Get Rich on 94 8300 8300 OR You can write to us at Invest [at] SaveTaxGetRich [dot] Com
Read more

HDFC Capital Protection Oriented Fund – Series II 36M May 2014 NFO

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300     HDFC Capital Protection Oriented Fund – Series II 36M May 2014 NFO will be open for subscription from 16th May 2014 to 30th May 2014. The key features of the scheme are as mentioned below:   Type of Scheme A Close Ended Capital Protection Oriented Income Scheme Benchmark Crisil MIP Blended Index Fund Manager Mr. Anil Bamboli , Mr. Vinay R Kulkarni & Mr. Rakesh Vyas New Fund Offer (NFO) Period 16 th May 2014 to 30 th May 2014. Minimum Application Amount Rs. 5000 and in multiples of Rs.10 thereafter Plans/ Options Offered Growth and Dividend Payout Facility Liquidity To be listed For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
Read more

SBI Magnum Taxgain

Grown 37 times in 23 years- SBI Magnum Taxgain Scheme   Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds Top 4 Tax Saver Mutual Funds for 2017 - 2018 Best 4 ELSS Mutual Funds to invest in India for 2017 1. DSP BlackRock Tax Saver Fund 2. Invesco India Tax Plan 3. Tata India Tax Savings Fund 4. BNP Paribas Long Term Equity Fund Invest in Best Performing 2017 Tax Saver Mutual Funds Online Invest Best Tax Saver Mutual Funds Online Download Top Tax Saver Mutual Funds  Application Forms For further information contact  SaveTaxGet Rich on 94 8300 8300 Leave your comment with mail ID and we will answer them OR You can write to us at Invest [at] SaveTaxGetRich [dot] Com OR Call us on 94 8300 8300  
Read more

How to PPF Account extension after maturity

A PPF account can be retained after maturity without making any further deposits. The balance will continue to earn interest till it is closed. Public provident fund or PPF remains one of the most popular savings options for the long term despite a gradual decline in interest rates over the years. PPF accounts have a maturity period of 15 years and they can be extended. If there is no fund requirement, financial planners say, PPF account holders should extend the account beyond 15 years. In terms of income tax implications, PPF accounts enjoy the benefit of EEE (exempt-exempt-exempt) status . Under Section 80C, contribution up to Rs 1.5 lakh in a financial year qualifies for income tax deduction. The interest earned and maturity proceeds are also tax free. What are your options when a PPF account matures? 1) A PPF account can be closed after the expiry of 15 financial years from the end of the year in which the account was opened. 2) The subscriber can retain his
Read more

Indian Railways Seat Availability and Train Fare Enquiry

Enter the PNR for your train booking to find its status. Your 10 Digit PNR : Are you looking for Indian Railways Seat Availability information for trains between any two Indian Railway stations? Well, here is a detailed guide to find out seat availability and train fare information for journey between any two stations by any train on any chosen journey date. The holiday season is around and Indian all around are busy making Indian Railways Reservation .But before making the reservation, they would like to check berth availability information and here is a detailed step by step guide to check seat availability and train fare. How to check Indian Railways seat availability · 1. Go to the Indian Railways Passenger Reservation Enquiry page to check seat availability by clicking here [link] · 2. Enter the first few characters of the Originating Station against Source Station Name. For eg., if the origination station is chennai, enter "Che" against Sou
Read more
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now