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This Income Optimizer Fund (FoF) Has Given 53.42% Returns In 5 Years, Rated By Value Research
Instead of investing directly in stocks, bonds, or other assets, funds of funds (FoF) are mutual funds that invest in schemes such as exchange-traded funds. A fund of funds, for example, can invest in other equity, fixed income, and hybrid schemes. Here, we have analysed one FOF that is hybrid and has given good returns over the years.
ICICI Prudential Income Optimizer Fund (FOF) - Direct Plan-Growth
It was launched on 18 December 2003 by the ICICI Prudential Mutual Fund. It is an open-ended Conservative Hybrid mutual fund scheme. This is an FoF that offers a steady income. Also, this FoF is a medium-sized FoF of its category. Under the Direct Plan-Growth scheme of this fund, its Assets Under Management are worth Rs 265.5 Crore. The NAV of this scheme declared on 05th April 2022 is Rs 47.0846. The expense ratio is 0.19%, which is less compared to its category average expense ratio.
This FoF is rated 4-star by Value Research. On the risk level, it is a moderately risky fund. It is managed by Mr Dharmesh Kakkad, Mr Anish Banithia, and Mr Ritesh Lunawat This FoF aims to generate consistent income by primarily investing in debt-oriented schemes. The Scheme will also invest in equities and hybrid orientated schemes with the goal of capital appreciation. The minimum investment amount required for investment in this FoF is Rs 5,000, and for SIP, it is Rs 1,000.
Absolute And Annualised Returns
Lump-Sum Investment Returns
In the last 1 year, this FoF has delivered 10.69%. While it has given 9.26% average annual returns since its inception.
| Investment Period | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 10.69% | 10.69% |
| 2 Year | 39.14% | 17.91% |
| 3 Year | 33.23% | 10.03% |
| 5 Year | 53.42% | 8.93% |
| Since Inception | 121.95% | 9.26% |
SIP Returns
| SIP Period | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 4.56% | 8.59% |
| 2 Year | 13.41% | 12.62% |
| 3 Year | 18.41% | 11.29% |
| 5 Year | 28.46% | 9.95% |
Portfolio
The fund's equity portion is primarily invested in Financial sectors. It has taken less exposure in Financial sectors compared to other funds in the category. The debt portion of the fund has moderate credit quality indicating the quality of borrowers it has lent it to is good.
The fund's top holdings are in ICICI Prudential Corporate Bond Fund - Direct Plan, ICICI Prudential Ultra Short Term Plan - Direct Plan, ICICI Prudential India Opportunities Fund Direct-Growth, ICICI Prudential Smallcap Fund Direct Plan-Growth, ICICI Prudential Technology Direct Plan-Growth.
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.
