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This Commodities-Thematic Fund Has Given 42.79% Annual Average Returns Since Its Inception
Commodity funds are mutual funds that invest solely in commodities. Commodities refer to goods that are traded. Because of their enormous worth, commodities such as silver and gold do not fluctuate greatly in price. As a result, market fluctuations have no bearing on them. These funds produce returns that are comparable to those of the global markets. As a result, they serve as an inflation hedge. These investments can help investors achieve their short- and long-term investment objectives. Here, in this article, we have highlighted a commodity-thematic fund that has delivered 219.69% Absolute returns in 2-years.
ICICI Prudential Commodities Fund - Direct Plan-Growth
This is 2 years and 6-month-old Commodity -Thematic Equity Fund from ICICI Prudential Mutual Fund launched on October 15, 2019. It is an open-ended medium-sized fund of its category.
The Asset Under Management (AUM) of this fund is Rs 787.66 Crore. The Net Asset Value (NAV) declared on 11th May 2022 is Rs 25. The fund has an expense ratio of 0.91%. The expense ratio is low when compared to its category average. Of 1.11%.
It is rated a highly risky fund for investment. The benchmark of this fund is NIFTY Commodities. To start investment in this fund, the minimum amount required for lump-sum payment is Rs 5,000 and for additional investment, it is Rs 1,000. The minimum amount required to start SIP is 100. There is no lock-in period in this fund as it is not applicable. Iy charges 1% for redemption within 90 days of the investment.
The fund is best suitable for investors who aim to invest in a portfolio which invites predominantly in companies engaged and commodity-related sectors and achieves goals. The fund is suitable for an investment horizon of 5 years.
Absolute And Annualised Returns
Lump-Sum Investment Returns
It has delivered 9.22% returns in the last 1-year. Whereas, since its launch, it has delivered 42.79% average annual returns.
| Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 9.22% | 9.22% |
| 2 Year | 219.69% | 78.80% |
| Since Inception | 150.00% | 42.79% |
SIP Returns
On 1-year SIP, the fund has delivered negative returns.
| Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | -1.03% | -1.92% |
| 2 Year | 55.31% | 48.99% |
Portfolio
The fund invests 91.91 percent of its assets in stocks, with 55.36 percent in large cap stocks, 19.05 percent in mid level stocks, and 12.85 percent in small cap stocks. Government securities account for 1.26 percent of the fund's debt position. Materials, Metals & Mining, Chemicals, and Energy make up the bulk of the fund's holdings. When compared to other funds in the category, it has less exposure to Materials, Metals, and Mining. Ambuja Cements Ltd., Ultratech Cement Ltd., Tata Steel Ltd., Grasim Industries Ltd., and JSW Steel Ltd. are among the top holdings of the fund.
Disclaimer
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.
