Beruflich Dokumente
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Only for reading and understanding of distributors and advisors of ICICI Prudential
Mutual Fund
The Scheme seeks to invest only in large cap companies with a proven track record, quality management and
good growth potential.
These large caps are relatively safer compared with other stocks by way of lower volatility and may turn out to
be a good bet in turbulent economic conditions.
The Scheme has adopted a "buy and hold" approach. The Scheme aims to identify companies that offer
reasonable potential for long-term growth.
It intends to take aggressive position in high conviction stocks with an aim to generate alpha.
The focus is more on stock selection than sector selection. The stock selection follows the bottom-up approach.
The endeavour is to select the best stock/s in a sector than to diversify into many stocks confined to sectors.
The Schemes benchmark hugging approach ensures that the portfolio is well diversified across sectors.
Market Outlook
Investment Style
Value
Style
Blend
Growth
In India, manufacturing industries show lower capacity utilization at this point, this could bring operating
leverage and help the growth in topline without incurring any additional cost in the near term. Additionally, local
factors also favour India. After two consecutive deficient monsoons, 2016 saw respite as monsoons were about
the same level as the long term average or above that. This is expected to help the crop yield, thus, allowing
higher income opportunities in rural India. In turn it will help increase the spending capacity for rural consumers
and thus supporting the growth of various sectors associated with the rural market.
Zero-interest rates globally is expected to move institutional money in the developed world from fixed income to
equity market. With India among the fastest growing large-size country, the Indian stock markets could benefit as
better returns for sustained time period is possible. Additionally the government is being supportive in creating
conducive business environment, therefore, there is high probability of registering good growth.
While local and certain global factors are supportive of Indian equities, there are also other global factors that
could result in high volatility in the stock market such as US rate high or a geo-political crisis. A cause for concern
on the global growth can also result in high volatility.
As ICICI Prudential Focused Bluechip Equity Fund has nearly 90% exposure to large-cap stocks.
Size
Large
Mid
Small
Investment Approach
High Conviction Large cap
Stocks
The fund is overweight on banks and this sector could benefit from falling interest rates and from
expected cyclical economic growth. Among the banks, the fund has higher exposure to private
banks as they are better placed in terms of valuation, growth prospect, and asset quality. Meanwhile,
the fund's choice among the PSBs are based on attractive valuations.
Bottom Up Approach
Benchmark Hugging
Portfolio Statistics
Top 3 Exits
No. of stocks
47
N.A
No. of sectors
17
N.A
N.A
Top 5 Holdings
30.26%
Top 3 Increase
Top 3 Decrease
Top 10 Holdings
44.72%
Top 5 Sectors
63.51%
Top 10 Sectors
83.62%
Bank Of Baroda
Portfolio P/E
22.21
Portfolio P/B
5.67
FINANCE
SOFTWARE
CEMENT
PETROLEUM PRODUCTS
TELECOM - SERVICES
Closing AUM as on
on
Jun
30 2016
2016
Jul 31,
Top 10 Holdings
Stocks
% to net Assets
Sectors
Feb-16
Mar-16
Apr-16
May-16
Jun-16
Jul-16
9.20%
BANKS
27.94%
28.76%
29.24%
29.98%
30.52%
30.73%
7.14%
SOFTWARE
15.54%
15.12%
12.51%
12.45%
11.48%
10.46%
4.77%
PHARMACEUTICALS
8.20%
7.78%
7.80%
7.83%
8.62%
8.73%
Infosys Ltd.
4.68%
AUTO
5.53%
6.01%
6.71%
7.76%
7.74%
7.93%
4.47%
FINANCE
4.70%
4.56%
4.80%
4.58%
5.27%
5.66%
Cipla Ltd.
3.29%
PETROLEUM PRODUCTS
4.79%
4.64%
4.12%
5.11%
5.17%
5.43%
2.93%
4.85%
6.00%
5.55%
5.02%
4.88%
5.24%
Itc Ltd.
2.85%
POWER
3.51%
3.35%
3.76%
3.79%
4.00%
4.02%
2.77%
CEMENT
3.80%
3.77%
3.78%
3.50%
3.43%
3.27%
2.62%
TELECOM - SERVICES
2.50%
2.48%
2.42%
2.26%
2.28%
2.15%
Sector
BANKS
SOFTWARE
(a)
(b)
30.73%
23.96%
10.46%
6.77%
8.73%
6.85%
AUTO
7.93%
11.06%
FINANCE
5.66%
6.87%
PETROLEUM PRODUCTS
5.43%
6.28%
5.24%
10.42%
POWER
4.02%
2.88%
CEMENT
3.27%
3.39%
TELECOM - SERVICES
2.15%
1.88%
PHARMACEUTICALS
1.88%
AUTO
-3.13%
FINANCE
-1.21%
PETROLEUM PRODUCTS
-0.85%
-5.18%
POWER
1.14%
CEMENT
-0.12%
TELECOM - SERVICES
0.27%
BANKS
SOFTWARE
-4.15%
14.61%
PHARMACEUTICALS
Portfolio Features
89%
5%
0%
Largecap
Midcap
Type of Scheme
Plans
Exit Load
Smallcap
6.35
Beta
0.96
Sharpe
0.92
R Squared
0.95
Standard Deviation
15.12
Fund Manager
Benchmark Index
Nifty 50 Index
SIP / STP
Available
Money Market
Jul-16
Jun-16
Apr-16
May-16
Mar-16
Jan-16
Feb-16
Dec-15
Oct-15
Nov-15
Sep-15
Aug-15
Jul-15
Jun-15
May-15
Apr-15
Feb-15
Mar-15
Jan-15
Dec-14
Nov-14
Oct-14
Sep-14
Aug-14
Jul-14
Jun-14
May-14
Apr-14
Mar-14
Feb-14
Jan-14
Dec-13
Nov-13
Oct-13
Sep-13
Aug-13
Jul-13
88%
200
150
100
Lakhs
250
ICICI Prudential
Focused Bluechip
Equity Fund
Nifty 50 Index
50
0
2007
---
2008
---
2009
91.19
75.76
2010
27.07
17.95
2011
-16.41
-24.62
2012
26.79
27.70
2013
10.21
6.76
2014
41.10
31.39
2015
-0.21
-4.06
2016
10.99
8.71
Returns (%)*
Nifty 50 Index
ICICI Prudential
Focused Bluechip
Equity Gth
Nifty 50 Index
Since Inception
9,80,000
15,01,772
15,37,742
19,60,727
10.20%
10.76%
16.48%
Last 5 Years
6,00,000
7,84,815
8,03,112
9,11,408
10.68%
11.60%
16.73%
Last 3 Years
3,60,000
4,08,709
4,19,469
4,54,720
8.40%
10.17%
15.75%
Last 1 Year
1,20,000
1,29,407
1,31,312
1,34,402
14.77%
17.86%
22.86%
Investment Period
Nifty 50 Index
Value (Rs.)
Returns ( % )
Value (Rs.)
Returns ( % )
Value (Rs.)
Last 1 Year
104895.80
4.90
101238.16
1.24
99776.98
Returns ( % )
-0.22
Last 3 Years
177946.13
21.18
150444.10
14.58
145003.08
13.19
Last 5 Years
191717.05
13.90
157579.35
9.52
154154.82
9.04
Since Inception
317100.00
15.13
174636.87
7.05
106848.33
6.58
Returns are in rupee terms assuming a standard investment of Rs.100000 at the start of the mentioned investment period. The scheme benchmark for is Nifty 50 Index and additional benchmark is S&P BSE Sensex.Loads and
taxes are not considered for computation of return.
Date
Ex Dividend NAV
Dividend
Date
Ex Dividend NAV
Dividend
15-Jan-16
16-Jan-15
24-Jan-14
25-Jan-13
18.55
22.03
16.63
17.12
1.60
2.25
1.45
1.00
25-Jan-11
----
15.64
----
0.75
----
Dividends mentioned above were on a face value of Rs. 10/unit. The NAV of the scheme, pursuant to payout of dividend would fall to the extent of the payout and statutory levy, if applicable. Declaration of dividend is at the
discretion of the trustees. Above statistics on dividend history are in Rs./Unit.
All the above performance are as on 31 July 2016 unless otherwise stated
Past performance may or may not be sustained in future. Returns less than one year calculated on absolute basis and more than one year on CAGR basis
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Disclaimer
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
In preparation of the material contained in this document, ICICI Prudential Asset Management Company Limited (the AMC) has used information that is publicly available, including information
developed in-house. Some of the material used in the document may have been obtained from members/persons other than the AMC and/or its affiliates and which may have been made available to
the AMC and/or to its affiliates. Information gathered and material used in this document is believed to be from reliable sources. The AMC, however, does not warrant the accuracy, reasonableness
and / or completeness of any information. We have included statements / opinions / recommendations in this document, which contain words, or phrases such as will, expect, should, believe
and similar expressions or variations of such expressions that are forward looking statements. Actual results may differ materially from those suggested by the forward looking statements due to
risk or uncertainties associated with our expectations with respect to, but not limited to, exposure to market risks, general economic and political conditions in India and other countries globally,
which have an impact on our services and / or investments, the monetary and interest policies of India, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity
prices or other rates or prices etc. The AMC (including its affiliates), the Mutual Fund, the trust and any of its officers, directors, personnel and employees, shall not be liable for any loss, damage of
any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of this material in any manner. The
recipient alone shall be fully responsible/are liable for any decision taken on this material. All figures and other data given in this document are dated and the same may or may not be relevant in
future. Investors are advised to consult their own legal, tax and financial advisors to determine possible tax, legal and other financial implication or consequence of subscribing to the units of ICICI
Prudential Mutual Fund. The sector(s)/stock(s) mentioned in this communication do not constitute any recommendation of the same and ICICI Prudential Mutual Fund may or may not have any future
position in these sector(s)/stock(s). Past performance may or may not be sustained in the future. The portfolio of the scheme is subject to changes within the provisions of the Scheme Information
document of the scheme. Please refer to the SID for investment pattern, strategy and risk factors.
Holding of stocks is considered at gross level of exposure without considering derivatives (both long and short)
Market cap break up is as per classification provided by Value Research