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This 1 Year Old Thematic Fund Outperformed Category Average, Given 23.96% Returns
Mutual fund houses have been queuing up new generation theme schemes that present potential in sectors such as this Business Cycle to entice investors seeking the next big bet. As mentioned, this thematic fund is a one-year-old fund, but since its inception, it has given good returns and also outperformed the category average.
ICICI Prudential Business Cycle Fund - Direct Plan-Growth
This Thematic-Business Cycle Fund was launched on 18 January 2021. This is an open-ended medium-sized fund. This fund has worth Rs 5909.25 crore Asset under Management or AUM. The Net Asset Value or NAV of this fund declared on 27th April 2022 is Rs 13.14. It has an expense ratio of 0.38%, which is less than the category average expense ratio.
This is a highly risky rated fund. The minimum lump-sum investment amount required for this fund is Rs 5,000, whereas for SIP it is Rs 100. The Lock-in period in this fund is applicable. However, it charges 1% on redemption within 30 days of investment. The benchmark of this fund is NIFTY 500. The scheme intends to achieve long-term capital appreciation by investing with an emphasis on riding business cycles through sector and stock allocation at various periods of the business cycle.
Absolute And Annualised Returns
Lump-Sum Returns
Since its launch, it has delivered 23.96% average annual returns.
| Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 3 Month | -0.83% | - |
| 6 Month | -0.98% | - |
| YTD | 2.42% | - |
| 1 Year | 23.38% | 23.38% |
| Since Inception | 31.40% | 23.96% |
SIP Returns
| Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 7.39% | 13.98% |
Portfolio
The fund has 85.25% investment in equities of which 62.35% is in large-cap stocks, 11.21% is in mid-cap stocks, and 3.37% in small-cap stocks. The fund has 3.2% investment in Debt of which 3.2% is in Government securities.
The fund has the majority of its money invested in the Financial, Energy, Automobile, Healthcare, and Construction sectors.
The fund's top holdings are Larsen & Toubro Ltd., Axis Bank Ltd., HDFC Bank Ltd., Reliance Industries Ltd., and ICICI Bank Ltd.
Disclaimers
Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.
