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This Top-Rated Infrastructure Mutual Fund Has Given Highest Return In 1 Year SIP
ICICI Prudential Infrastructure Fund is a top-rated Sectoral fund from the house of ICICI Prudential Mutual Fund. The fund has delivered above-average returns and is among the top-performing SIP in the 1 year. Also, the fund has been rated by top agencies such as Value Research.
Returns on SIP by the ICICI Prudential Infrastructure Fund
With the upfront investment of Rs 10,000 and monthly SIP of Rs 10,000 for the 3 years in ICICI Prudential Infrastructure Fund would currently be worth Rs 6.40 lakh, which is 38% annualised returns. In simple words, your total investment of Rs 3.70 lakh would have turned into 6.40 lakh in 3 years with your Rs 10,000 SIP. The fund has given good returns over the years on SIP, however, it doesn't mean that the returns are guaranteed. Having said that, this is an equity scheme, which makes the return subject to market conditions. It is advisable to invest in the fund in accordance with market conditions.
Fund's Returns over the year and portfolio
The fund has given 22.31% annualised returns in the 1 year, which is more than 11% times its category average return in the same investment period. It has given 36.78% annualised return in 2 years, 25.39% annualised return in 3 years and 12.83% annualised return in 3 years. It has outperformed the category average return in 1 year, 2 years and 3 years. Since its inception, the fund had delivered 14.46% annualised average returns, against 13.47% annualised category average returns.
The fund has given the highest return among top- rated funds in 1 year SIP, around 34.13% annualised returns, while its absolute return is 17.68%. In 2 years SIP, it has given 31.3% annualised returns, in 3 years it gave the highest 39.02% annualised returns. It is worth noting that the fund has given more than 30% annualised return in the 1, 2 and 3 years.
The fund has major holdings in Equity, 94.07% with top holding NTPC, Larsen & Toubro, Bharti Airtel, Oil & Natural Gas, HDFC Bank, Kalpataru Power Transmission, Housing Development Finance and Axis Bank. The fund has 0.86% asset allocation in Debt and the rest 5.08% in cash & cash equivalent instruments.
ICICI Prudential Infrastructure Fund's Details
You can start investing in ICICI Prudential Infrastructure Fund with a minimum investment of Rs 5,000 and to begin investing through SIP, the minimum required amount is Rs 100. You should note that the exit load on this fund is 1% within 15 days. While, its expense ratio is 1.66%, which is comparatively low among its sectoral funds. Its Assets Under Management as of 31st December 2022 is Rs 2,273 crore.
Disclaimer
Mutual fund investments are subject to market risk. Read all scheme-related 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.
