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ICICI Prudential Equity Savings Fund Direct Monthly Dividend Reinvestment

Hybrid

  

Equity Savings

NAV

11.18 + 0.01

as on (08 Apr, 2020)

RETURNS

2.33 %

Fund Type

Open Ended

Investment Plan

Dividend Reinvestment

Expense Ratio

0.76 %

Benchmark

NIFTY Equity Savings Index PR INR

Asset Size

1473.63 Cr.

(As of 30 Apr, 2019)

Risk

Moderately High

Objective

The Scheme seeks to generate regular income through investments in fixed income securities and using arbitrage and other derivative strategies. The Scheme also intends to generate long-term capital appreciation by investing a portion of the Scheme‟s assets in equity and equity related instruments

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Fund manager

Sankaran Naren

(since 05 Dec, 2014)

Exit load

1 %

(If redeemed within 15 days)

Minimum sip

₹ 100

minimum investment

₹ 5000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

Larsen & Toubro Ltd

3.94 %

Axis Bank Ltd

3.93 %

Tata Consultancy Services Ltd. - Futures

3.87 %

Tata Consultancy Services Ltd

3.85 %

Sector Allocation

About the Scheme Type

Equity Savings

Equity Savings Mutual Funds are an open ended fund scheme which try to balance risk and returns by investing in equities, arbitrage trades and fixed income securities. These are low risk funds given that the use of derivatives reduces the net equity exposure to 35 percent, thereby protecting investors from volatility. These funds are treated at par with equity funds for taxation purposes, because their gross equity exposure is more than 65%. The equity portion of the scheme opens the scheme for higher returns, while its debt component outlays stability to the returns.

Ratings

This fund is rated 4 stars by Morning Star Ratings.

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Overview of ICICI Prudential Asset Management Company Limited

ICICI Prudential Asset Management Company Ltd. is a leading Indian asset management company (AMC) focused on bridging the gap between savings & investments and creating long term wealth for investors, through a range of simple and relevant investment solutions. The AMC is a joint venture between ICICI Bank, a well-known and trusted name in financial services in India and Prudential Plc, one of UK’s largest players in the financial services sectors. Throughout these years of the joint venture, the company has forged a position of pre-eminence in the Indian Mutual Fund industry. The AMC also caters to Portfolio Management Services for investors, spread across the country, along with International Advisory Mandates for clients across international markets in asset classes like Debt, Equity and Real Estate.

The ICICI Mutual Fund House has continuously aimed to provide investors with financial solutions to aid them in achieving their lifecycle objectives. It has constantly been on the forefront of innovation and has introduced various products aligned to meet customer needs, leading to a well-diversified portfolio of around 68 ICICI mutual fund schemes, across equity, debt, hybrid, solution oriented and others. The success of the various endeavours is evident in the mutual fund investor base which has witnessed tremendous growth over the years. Driven by an entirely investor centric approach, the organization today is a suitable mix of investment expertise, resource bandwidth and process orientation. ICICI Mutual Fund house endeavours to simplify its investor’s journey to meet their financial goals, and give a good investor experience through innovation, consistency and sustained risk adjusted performance. As of March 31, 2019, the investor base for the AMC stood at 4 million investors.

ICICI Prudential Mutual Fund offers a wide range of retail and corporate investment solutions across various asset classes - Equity, Debt, Hybrid, Solution Oriented and Others. ICICI Prudential Mutual Fund gained investor trust by managing funds as per its investment objectives and has been able to deliver superior risk adjusted returns. The consistent long term performance was achieved on the strength of fundamentals, process driven investment approach with enough flexibility for the fund managers to manage their funds in their respective unique style and insight. ICICI Mutual fund house, over the last 20 years, has emerged as a leading investment solution provider in India and has always aimed to fulfil its fiduciary responsibility of managing investor's wealth with prudence and due diligence.