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This fund has changed itself from ICICI Prudential Growth and emerged as a large-cap value focused fund. The fund invests in large, profitable and well known companies, and aims to benefit from the best long-term investments that the market has to offer in the space. Investments are spread across sectors to ensure risk diversification, and stocks are selected through rigorous, fundamental bottom up analysis.

Stocks are selected focusing on the fundamentals of the business, industry structure, quality of management, sensitivity to economic factors, financial strength of the company and key earnings drivers. Investments are largely in a universe of the top-100 stocks and there is no restriction to the allocation to a single stock, as evident with over 10 per cent allocation in Cairn India.

 

Performance

This fund has a chequered past, especially before it changed its orientation in 2011. There is little performance history to go by with the changed orientation of this fund, however, it has been consistent in holding to its performance during bear markets. Its 10-year annualised return of 23.23 per cent is again higher than the Sensex return of 20.73 per cent.

 

It fared better than peers in the market downturn of 2001, 2008 and 2011. In 2012, it did quiet well to be one of the top-10 performers in the category, with a 32.83 per cent return against category average of 27.21 per cent.

 

It its 15-year history, this fund has underperformed the category average on only four occasions. A top quartile performer in the past 2 years, it has a lower than category average allocation to mid- and small-caps, which has resulted in the underperformance compared to peers when the markets rise.

 

This fund consistently invests in quality stocks like SBI, BHEL, L&T, ITC, ONGC and ICICI Bank, with the top-5 holdings accounting for around 40 per cent of the portfolio. Financial, technology, energy and FMCG are the sectors that have dominated the portfolio over the past 4 years, which has aided performance.

 

Why Invest?

The value-orientation approach along with better downside protection, makes it tough to ignore.

Happy Investing!!

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

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Download Tax Saving Mutual Fund Application Forms from all AMCs

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These Application Forms can be used for buying regular mutual funds also

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