Skip to main content

ICICI Prudential India Recovery Fund - Series

 

ICICI Prudential India Recovery Fund - Series 


 
We are in a very interesting situation as we are witnessing an improvement in all the Economic Indicators.We believe this trend would continue and we are at a cusp of an all round Economic Recovery.

An economic recovery phase is typically characterized by high levels of growth in real GDP, employment and profit margins. We believe that the Indian economy is expected to move towards high growth phase over the next 3 to 5 years and this strengthens our conviction in launching ICICI Prudential India Recovery Fund - Series 1, a 3.5 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.

Indian economy is in the transition phase and is moving from a vicious to a virtuous economic cycle. Following indicators clearly show that the current trend is on recovery trajectory:
  • Macro indicators like inflation, current account deficit, growth rates, etc. have shown signs of improvement over the past 1 year.
  • We have witnessed early signs of revival in capex with new capex announcement up 3x on year on year basis, which is at a 5 year high. Project completion rate has increased from 17.5% in June to 33.30% in Dec'14.
  • The Cabinet Committee on Investments (CCI) has also cleared 193 projects, worth Rs. 6.5trn (over 5% of GDP), out of the 491 accepted for consideration.
  • Most sentiment indicators have also shown an uptick and purchasing managers' index (PMI) has been above 50 (denoting expansion), driven more by manufacturing recently, though the services index has also been robust.

With improvement in the macro indicators, focus on new and existing projects, uptick in business sentiment and governments thrust on reforms, we believe the economy has reached the inflection point and is expected to recover in the future.
 




Opportunities in the Current Scenario:We believe the current environment presents a huge investment opportunity in the following space
  • Capital Goods
  • Banks
  • Public Sector Undertakings (PSU's)
  • Railways
  • Ports
  • Roads
  • Power
Presenting ICICI Prudential India Recovery Fund - Series 1
The Scheme is a 3.5 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 Scheme aims to:
·        Invest in high conviction stocks.
·        Invest across market cap and being sector agnostic
·        Declare commensurate dividends*.
*Dividends will be declared subject to availability of distributable surplus and approval from Trustees.

Type of scheme
A Close ended equity scheme
NFO Period 9th March to 23rd March 2015
Investment Objective
The investment objective of the Scheme is to provide capital appreciation by investing in equity and equity related securities that are likely to benefit from recovery in the Indian economy.
However, there can be no assurance that the investment objective of the Scheme will be realized.
Options
Direct Plan – Dividend payout Option
Regular Plan – Dividend payout Option
Minimum Application Amt.
Rs.5,000 (plus in multiple of Rs.10)
Entry & Exit Load
Not Applicable
Benchmark Index
S&P BSE 500 Index
Fund Manager*
Mrinal Singh and Rajat Chandak
Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

Invest in Tax Saver Mutual Funds Online -

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

---------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

---------------------------------------------

Invest Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Any Fund Application Forms

Popular posts from this blog

Total Returns Index brings out real Equity Funds Performers

From February, equity mutual funds have to change their benchmarks to account for dividend payments. Until now, funds used price-based benchmarks alone. TRI or total return indices assume that dividend payouts are reinvested back into the index. What this does is lift the overall index returns, because dividends get compounded. For example, the Sensex TRI index will consider dividend payouts of its constituent companies while the Nifty50 TRI index will consider dividends of its constituents. Using TRI indices as benchmarks comes on the argument that an equity funds earn dividends on the stocks in its portfolio, which they use to buy more stocks. Therefore, using an index that also considers dividend reinvestment would be a more appropriate benchmark. Shrinking outperformance With a stiffer benchmark, it is obvious that the margin by which an equity fund outperforms the benchmark would shrink. Rolling one-year returns from 2013 onwards, the average margin by which largecap funds out...
Read more

Stock Review: Havells

HAVELLS India's stock performance has been muted in the past three months, in line with the weak broader market. But, given the turnaround in its overseas subsidiary and the launch of new products in its consumer durable business, the company's stock may undergo a re-rating.    Havells is India's leading consumer electrical goods company, with consolidated sales of . 5,527 crore in the past four quarters. Its wholly-owned subsidiary Sylvania, which makes lighting and fixtures, has established brands in European, Latin American and Asian markets. Sylvania repre sented nearly half of the company's consolidated revenues in the first half of FY11.    Sylvania's poor financials hit Havells' consolidated performance in FY10. But, this has changed in the cur rent fiscal. Havells has reduced fixed costs of Sylvania by exiting from unprofitable businesses and outsourcing manufacturing to low-cost locations such as India and China. In the September 2010 quarter, Sylv...
Read more

How to generate a UAN Online

Best SIP Funds Online   In order to make Employees' Provident Fund (EPF) accounts portable, the Employees' Provident Fund Organisation (EPFO) had launched the facility of Universal Account Number (UAN ) in 2014. Having a UAN is now mandatory if you have an EPF account and are contributing to it. So far, you got this number from your employer and every time you changed jobs, you had to furnish this number to the new employer.  However, in order to make it easier for you to get a UAN , and without your employer's intervention, the EPFO now allows you to go online and generate a UAN on your own. This facility can be used by freshers, or new employees, who are joining the workforce as well as by employees who have older EPF accounts but do not have a UAN as yet. As a new employee, you can simply generate a UAN and provide the number to your employer at the time of joining, when you need to fill up forms for your EPF contribution. As per a circula...
Read more

Health for Wealth - How to buy Health Insurance ?

Tax Saving Mutual Funds Online Current open Infra Bond Application form   HEALTH insurance is a relatively new phenomenon in India. Hence, it is not on the top of the mind for most people to make a conscious commitment towards health insurance. However, it is imperative for each one of us to plan for better health for our families and ourselves. There's no better way than to start with making health your top priority this year. So, your health insurance resolution charter would look something like: ■ Invest in health for wealth: Timely investment in health insurance can help build a security net and hedge sudden dilution of another financial asset class in the event of a health emergency, making it imperative to opt for a comprehensive health insurance plan. ■ Buy a comprehensive health cover that fu lfills your health needs for life: Buy a personal health insurance cover even if you have an employee cover because 'employer provided' health insuranc...
Read more

Am you Required to E-file Tax Return?

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   Am I Required to 'E-file' My Return? Yes, under the law you are required to e-file your return if your income for the year is Rs. 500,000 or more. Even if you are not required to e-file your return, it is advisable to do so for the following benefits: i) E-filing is environment friendly. ii) E-filing ensures certain validations before the return is filed. Therefore, e-returns are more accurate than the paper returns. iii) E-returns are processed faster than the paper returns. iv) E-filing can be done from the comfort of home/office and you do not have to stand in queue to e-file. v) E-returns can be accessed anytime from the tax department's e-filing portal. For further information contact Prajna Capit...
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