An overview of ICICI AMC Top Performing Funds8 min read
Indian Investors are always likely to explore ICICI mutual funds because it is one of India’s most well-known Asset Management Companies (AMC). Some of the best-performing funds in the Indian market are held by this fund house. Many investors gravitate to investing in these top-performing funds because of the possibility of high long-term profits. If you’re one of them, we can point you in the right direction with an overview of ICICI AMC’s top-performing funds to explore.
- ICICI Prudential India Opportunities Fund
CAGR (Since Inception)
NAV (₹): 17.18 (As of May 11, 2022)
AUM: 4911.35 Crore (As of Mar 31, 2022)
About the scheme
Launched on January 15, 2019, ICICI Prudential India Opportunities Fund is an open-ended equity scheme investing in special situations theme. To generate long-term capital appreciation by investing in opportunities presented by special situations such as corporate restructuring, Government policy and/or regulatory changes, companies going through temporary unique challenges and other similar instances.
Current Investment Strategy
Concentrated portfolio: The scheme would endeavour to take concentrated exposure to high conviction stocks.
Market cap and sector Agnostic: The scheme has the flexibility to invest across market caps. Also, the scheme may take aggressive sectoral positions.
Bottom-up Approach: The style of investing is a bottom-up stock-picking style because the core of its investment strategy is identifying companies in special situations which requires rigorous 360-degree stock research.
Top 10 Stock Holdings (% to NAV)
- NTPC Ltd. (10.5%)
- Bharti Airtel Ltd. (9.8%)
- Sun Pharmaceutical Industry Ltd. (9.5%)
- Axis Bank Ltd. (7.1%)
- GAIL (India) Ltd. (4.7%)
- CESC Ltd. (4.2%)
- Oil & Natural Gas Corporation Ltd. (4%)
- TVS Motor Company Ltd. (3.2%)
- Coal India Ltd. (2.6%)
- ICICI Bank Ltd. (2.5%)
Top 10 Sector Holdings (%)
- Power (16.4%)
- Pharmaceuticals (13.5%)
- Banks (12%)
- Telecom – Services (9.8%)
- Oil (5.2%)
- Auto (5.1%)
- Gas (4.7%)
- Software (3.1%)
- Minerals/Mining (2.6%)
- Healthcare Services (2.4%)
Why explore the ICICI Prudential India Opportunities fund?
The Scheme is suitable for investors who have an appetite for volatility and would like to benefit from taking concentrated stock bets. Investors looking to benefit from investment opportunities presented by special situations such as corporate restructuring, Government policy and/or regulatory changes, companies going through temporary unique challenges or other similar instances face time to time may consider investing in the scheme. The scheme has an indicative investment horizon of 5 years and above.
- ICICI Prudential Small Cap Fund
CAGR (Since Inception)
NAV (₹): 46.45 (As of May 11, 2022)
AUM: 3569.92 Crore (As of Mar 31, 2022)
About the scheme
ICICI Prudential Smallcap Fund is an open-ended equity scheme that seeks to generate capital appreciation by predominantly investing in equity and equity-related securities of small-cap companies.
Current Investment Strategy
Portfolio construction: The scheme shall invest a minimum of 65% of its total assets in the universe of small-cap stocks which are selected based on extensive research and screening. For liquidity purposes, the scheme May invest the remaining portion of the portfolio in large-cap and mid-cap stocks.
Stock Selection Process: The Scheme will invest in 40-60 stocks which would be selected based on extensive research and screening. Some of the stock filters and parameters include:
- Corporate Governance
- Sector Opportunity
- Leverage and RoE
- Earnings potential and Valuations, etc
Stocks selected for investment will be reviewed periodically.
Top 10 Stock Holdings (% to NAV)
- Inox Leisure Ltd. (4.3%)
- KEI Industries Ltd. (4%)
- V-Mart Retail Ltd. (3.7%)
- Birlasoft Ltd. (3.6%)
- Mahindra Lifespace Developers Ltd. (3.3%)
- Cyient Ltd. (3.3%)
- Jamna Auto Industries Ltd. (3.2%)
- Blue Star Ltd. (2.8%)
- Arvind Fashions Ltd. (2.4%)
- Cholamandalam Financial Holdings Ltd. (2.3%).
Top 10 Sector Holdings (%)
- Finance, Capital Markets & Banks (12.5%)
- Software (9.7%)
- Construction (9.2%)
- Auto & Auto Ancillaries (8.8%)
- Retailing (8.5%)
- Pharmaceuticals & Healthcare (7%)
- Entertainment & Leisure Services (6.3%)
- Industrial Products (6.2%)
- Consumer Non-Durables (5.6%)
- Consumer Durables (4.9%)
Why explore the ICICI Prudential Small Cap fund?
Investors who wish to benefit from the higher growth potential and re-rating scope of small companies could consider taking a long-term exposure to this scheme. The scheme provides an opportunity for investors to participate in the price discovery of small-cap stocks which is usually below their full potential. The scheme provides access to well-researched small-cap companies which have a higher return potential and could grow to become market leaders of tomorrow in their respective segments.
- ICICI Value Discovery fund
CAGR (Since Inception)
NAV (₹): 243.56 (As of May 11, 2022)
AUM: 23149.18 Crore (As of Mar 31, 2022)
About the scheme
Launched on August 16, 2004, ICICI Prudential Value Discovery Fund is an open-ended equity scheme following a value investment strategy. The Scheme follows a value investment style and intends to offer a diversified portfolio of stocks that have high potential but are quoting at a discount to their fair/intrinsic value. The scheme’s investment strategy is based on the fact that the market is not always efficiently matching a stock’s price with its intrinsic value. Investment managers seek to benefit from this inefficiency in the market to generate reasonable returns.
Current Investment Strategy
Diversification: The Scheme aims at maintaining a well-diversified portfolio with the flexibility to invest across sectors and market capitalisations.
Value investing: The Scheme, through its process of discovery, seeks to identify stocks whose prices are low relative to their historic performance, earnings, book value, cash flow potential and dividend yield.
Special Situations: The fund manager may also capture special situations. Typically, these are large-cap stocks that the fund manager believes are beaten down due to non-fundamental reasons.
Bottom-Up Approach: The scheme shall adopt a bottom-up approach in identifying stocks that have strong fundamentals but are trading at prices lower than their intrinsic value.
Top 10 Stock Holdings (% to NAV)
- Bharti Airtel Ltd. (9%)
- Oil & Natural Gas Corporation Ltd. (8.39%)
- NTPC Ltd. (7.46%)
- Sun Pharmaceuticals Industries Ltd. (7.38%)
- ICICI Bank Ltd. (4.68%)
- Mahindra & Mahindra Ltd. (3.78%)
- ITC Ltd. (3.54%)
- Hindalco Industries Ltd (3.32%)
- Axis Bank Ltd. (3.23%)
- Vodafone Group Plc – SP ADR (3.09%)
Top 10 Sector Holdings (%)
- Financial Services (18.81%)
- Pharma (11.33%)
- Oil & Gas (10.29%)
- Automobile (8.83%)
- Power (8.12%)
- Telecom (8.11%)
- Cash, Cash Equivalents and Net Current Assets (5.88%)
- Metals (5.22%)
- Consumer Goods (4.17%)
- IT (3.57%)
Why explore the ICICI Prudential Value Discovery fund?
The Scheme is suitable for investors who are willing to participate in the process of discovering stocks which are undervalued but have the potential to do well due to strong fundamentals. The scheme is suitable for investors who are willing to invest for a fairly long term with an aim to benefit over the full investment cycle and have over 5 years of the investment horizon. The scheme’s investments in undervalued stocks provide a reasonable margin of safety and help to minimize downside risk in a market fall. Investors who are looking to invest in a diversified portfolio can consider this scheme for investing.
- ICICI Balanced Advantage Fund
CAGR (Since Inception)
NAV (₹): 48.57 (As of May 11, 2022)
AUM: 39478.67 Crore (As of Mar 31, 2022)
About the scheme
Launched on December 30, 2006, ICICI Prudential Balanced Advantage Fund is an open-ended dynamic asset allocation fund. The Scheme uses an in-house asset allocation model to maintain an effective equity investment level to be above 65%. However, the actual equity level may go below 65% after considering the derivative exposure.
Current Investment Strategy
Equity: The Scheme invests predominantly in equities and uses derivatives to hedge the downside risk of the portfolio.
Flexi-cap – The scheme shall invest across market capitalisation. While the large-cap stocks represent established enterprises selected from the top 100 stocks by market capitalization, the midcaps and small-caps are growing business entities with long-term growth potential.
Asset allocation – The Scheme uses an in-house model, based on a long-term historical mean Price to Book Value (P/BV), which aims to increase equity exposure when valuations are attractive and aim to reduce equity exposure when valuations are expensive.
Derivatives Approach – The Scheme will use derivative instruments for the purpose of hedging or portfolio rebalancing or for any other stock and/or index strategies as allowed under the SEBI Regulations.
Debt: The Scheme also invests a portion of its assets in fixed-income securities issued by the government, public sector undertakings, and private companies with an aim to generate accrual income and potential capital appreciation.
Top 10 Stock Holdings (% to NAV)
- Government Securities (18.19%)
- Index Future/Options (9.20%)
- Reliance Industries Ltd. (5.80%)
- ICICI Bank Ltd. (5.63%)
- Infosys Ltd. (4.75%)
- HDFC Bank Ltd. (3.99%)
- Axis Bank Ltd. (3.10%)
- Bharti Airtel Ltd. (2.87%)
- HDFC Ltd. (2.87%)
- State Bank of India (2.58%)
Top 10 Sector Holdings (%)
- Financial Services (26.25%)
- Government Securities (18.19%)
- Derivatives (10.03%)
- Oil & Gas (8.40%)
- IT (8.30%)
- Automobile (6.97%)
- Consumer Goods (5.10%)
- Pharma (3.37%)
- Metals (3.27%)
- Telecom (3.19%)
Why explore the ICICI Prudential Value Discovery fund?
The Scheme is suitable for investors who are seeking to benefit from market volatility while maintaining fair equity allocation levels based on market valuations. Investors who wish to participate in equity markets with a relatively conservative approach can invest in this scheme.
How can you explore ICICI AMC’s top-performing funds?
If you’re interested in exploring ICICI AMC’s top-performing funds, you can do so through the Paytm Money app.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Paytm Money Ltd SEBI Reg. No. INA100009859, Regd. Office: 136, 1st Floor, Devika Tower, Nehru Place, Delhi – 110019. The MF/NFO offering is non Exchange traded products and Paytm Money Ltd (PML) is acting as an agent for distributing the same. Please note all disputes with respect to the distribution activity, would not have access to the Exchange investor redressal forum or Arbitration mechanism. This information is purely based on publicly available data (Source: Data as on 12th May 2022, Scheme Information Document) and in no way to be considered as advice or recommendation. The securities quoted are exemplary and are not recommendatory. Representations made about the performance are not indicative of future results.
