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This One-Year-Old Thematic Fund Has Offered 26,13% Annual Average Returns
Long-term investors may find that investing in a themed fund is a sensible alternative. You might begin by investing in a theme or sectoral fund. These are stock mutual funds that invest in equities with a certain topic. These funds are more diversified than sectoral funds since they invest in firms and industries that are linked by a common theme.
ICICI Prudential Quant Fund - Direct Plan
This Equity Thematic Mutual Fund Scheme was launched on 11th December 2020 by the ICICI Prudential Mutual Fund. It is an open-ended medium-sized fund of its category. The AUM of this fund is Rs 65.63 Crore. The NAV declared on 04th May 2022 is Rs 13.85. The expense ratio of this fund is 0.59%, which is less than its category average expense ratio.
This fund is a highly risky fund for investment, S&P BSE 200 is the fund's benchmark. The minimum investment amount required for Lump-Sum payment is Rs 1,000, whereas for SIP it requires a minimum of Rs 100. There is no lock-in period applicable to this investment. However, it chares 1% on exit within 90 days of the investment.
Absolute And Annualised Returns
Lump-Sum Investment Returns
Since its launch, it has delivered 26.31% average annual returns.
| Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 17.57% | 17.57% |
| Since Inception | 38.50% | 26.31% |
SIP Returns
On SIP, the fund has given negative returns.
| Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | -0.01% | -0.02% |
Portfolio
The fund has 97.12% investment in equities of which 63.62% is in large-cap stocks, 27.22% is in mid-cap stocks, and 3.88% is in small-cap stocks. The fund has the majority of its money invested in the Financial, Consumer Staples, Energy, Technology, and Automobile sectors. The fund's top holdings are in Housing Development Finance Corp. Ltd., HCL Technologies Ltd., State Bank of India, ITC Ltd., and Tech Mahindra Ltd.
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.
