Download - ICICI Prudential Mutual Fund's Performance Analysis

8/3/2019 ICICI Prudential Mutual Fund's Performance Analysis

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PERFORMANCE ANALYSIS OF

SELECTED MUTUAL FUND INDUSTRY

ICICI Prudential Mutual Fund

By:-

Brajagopal Mondal(10MBA11)

II MBA, KCT-BS

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About ICICI Prudential Mutual Fund

ICICI Prudential Asset Management Company Ltd. is ajoint venture between ICICI Bank and PrudentialPlc(UK).

Average Assets under Management (AAUM) as on Sep2011 Month-end in Mutual Fund Schemes stood at Rs.75217.11 Crores.

over 15 years of experience, more than 46 Mutualfunds schemes, own branch network of over 160branches and a distribution reach of over 42,000channel partners.

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Contd..

ICICI Bank is India's second-largest bank with total assets ofRs. 3,634.00 billion (US$ 81 billion) at 31st March, 2010 andprofit after tax Rs. 40.25 billion (US$ 896 million) for theyear ended 31st March, 2010.

The Bank has a network of 2016 branches and about 5219ATMs in India and presence in 18 countries.

ICICI Bank's equity shares are listed in India on Bombay

Stock Exchange and the National Stock Exchange of IndiaLimited and its American Depositary Receipts (ADRs) arelisted on the New York Stock Exchange (NYSE).

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Particulars ICICI Prudential

Dynamic Plan

ICICI Prudential

Focused Bluechip

Equity fund

ICICI Prudential

Discovery Fund

ICICI Prudential

Infrastructure Fund

ICICI Prudential

Tax Plan

Launch Date Oct 07, 2002 May 07, 2008 Jul 23, 2004 Aug 16, 2005 Aug 09, 1999

Minimum

Investment

Rs.5000 Rs.5000 Rs. 5000 /- Rs.5000 Rs. 500

Benchmark Index S&P CNX Nifty S&P CNX Nifty CNX Midcap S&P CNX Nifty S&P CNX 500

Fund Type Open-Ended Open-Ended Open-Ended Open-Ended Open-Ended

Entry Load N.A. N.A. N.A. N.A. N.A.

Exit Load Upto 1 Year from

allotment - 1% of

applicable NAV,more than 1 Year -

Nil

Upto 1 Year from

allotment - 1% of


Nil

Upto 1 Year from

allotment - 1% of


Nil

Upto 1 Year from

allotment - 1% of


Nil

N.A

Fund Manager Sanjay Parekh Prashant Kothari Mrinal Singh Prashant Kothari Chintan Haria

Asset Size (Rs. In

crores) as on 30 Jun

2011

1.05 2,501.52 1,746.11 2,814.68 1,323.20

Crisil Fund Rank 2 1 2 3 1

1-year Return -12.7% -8.5% -15.4% -20.7% -13.5%

Performance View Buy Strong Buy Buy Average Buy Strong Buy

Investment Type General Equity General Equity General Equity General Equity General Equity

Crisil FundCategory

Diversified Equity Large Cap Small & Mid Cap Infrastructure ELSS

Equity Funds Details

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ICICI Prudential Dynamic Plan- Open

ended dynamic equity fund

It focuses on a portfolio of large-cap, mid-cap andsmall-cap stocks, having a potential of long-termcapital appreciation.

It also has the ability to move gradually into cashas and when the market gets over-valued.

This fund is ideal for -Conservative investors with a

long-term investment horizon in equity.

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107.94 106.65

96.71

18.23 18.02 16.34

0

20

40

60

80

100

120

Jun-11 Jul-11 Aug-11

NAV

Growth

Dividend


Growth 107.94 106.65 96.71

Dividend 18.23 18.02 16.34

0

5

10

15

20

25

30

Std Dev Sharp Ratio Portfolio Beta R Squared

Jun-11

Jul-11

Aug-11


Std Dev 25.48 25.38 26.1

Sharp Ratio 0.48 0.37 0.2

Portfolio Beta 0.79 0.79 0.8

R Squared 0.92 0.92 0.927


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ICICI Prudential Focused Bluechip

Equity fund

open-ended equity scheme, aims to maximize long-term total returns.

focused and optimally diversified portfolio that is

invested in equity and equity related securities ofabout 20 companies belonging to the large capdomain.

This fund is ideal for -Investors looking at the comfort of

investments in large-cap companies.

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16.68

16.54

15.13

15.9115.78

14.43

13

13.5

14

14.5

15

15.5

16

16.5

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NAV

NAV

Growth

Dividend


Growth 16.68 16.54 15.13

Dividend 15.91 15.78 14.43

26.04

0.6 0.84 0.98

25.99

0.51 0.84 0.98

26.67

0.37 0.850.98

0

5

10

15

20

25

30


Quantitative Indicators

Jun-11

Jul-11

Aug-11


Std Dev 26.04 25.99 26.67

Sharp Ratio 0.6 0.51 0.37


R Squared 0.98 0.98 0.989


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ICICI Prudential Discovery Fund

open-ended diversified equity fund, invests in companies that arewell managed, fundamentally strong, and chosen based on in-depthresearch.

As it is intended to buy these companies at a discount to their fair

value, there is also a margin of safety in the value of the portfolio.

This fund is ideal for -

Investors with a long-term investment horizonin equity as it could take time to unlock the value from such stocks.

Investors who are looking to further diversifytheir portfolios by investing in a value fund.

Investors who recognize the value strategy ofbargain hunting for intrinsically good stocks.

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48.66 48.89

43.91

19.58 19.6717.67

0

10

20

30

40

50

60


NAV

NAV

Growth

Dividend


Growth 48.66 48.89 43.91

Dividend 19.58 19.67 17.67

33.63

0.63 1.02 0.86

33.64

0.59 0.91 0.93

34.41

0.45 0.92 0.930

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10

15

20

25

30

35

40



Jun-1

Jul-1

Aug-


Std Dev 33.63 33.64 34.41

Sharp Ratio 0.63 0.59 0.45


R Squared 0.86 0.93 0.93 11


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ICICI Prudential Infrastructure Fund

Open-ended equity fund, focused on capturing theopportunity presented by the long-term growth anddevelopment potential of the Indian Infrastructure Sector.

The Fund focuses its investments on the core infrastructuresector and allied sectors that directly feed off its growth.


Investors with a long-term

investment horizon in equities.Investors aiming to capitalize on

the infrastructure and allied sectors theme.

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28.78 28.37

25.84

11.59 11.4310.41

0

5

10

15

20

25

30

35


NAV

NAV

Growth

Dividend


Growth 28.78 28.37 25.84

Dividend 11.59 11.43 10.41

29.22

0.160.92 0.94

28.75

0.020.79 0.91

29.29

-0.090.79 0.91

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0

5

10

15

20

25

30

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Jun-11

Jul-11

Aug-11


Std Dev 29.22 28.75 29.29

Sharp Ratio 0.16 0.02 -0.09


R Squared 0.94 0.91 0.91

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ICICI Prudential Tax Plan

Open-ended equity linked savings scheme, isan opportunity aimed at harnessing thebenefits of investing in equity and also

providing tax benefits.


Conservative investorswith a investment horizon of 3 to 5 years andare also looking at saving tax

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141.72 141.06

127.98

19.04 18.95 17.2

0

20

40

60

80

100

120

140

160


NAV

NAV

Growth

Dividend


Growth 141.72 141.06 127.98

Dividend 19.04 18.95 17.2

31.92

0.45 0.99 0.9

31.91

0.39 0.94 0.94

32.53

0.270.94 0.95

0

5

10

15

20

25

30

35



Jun-11

Jul-11

Aug-11


Std Dev 31.92 31.91 32.53

Sharp Ratio 0.45 0.39 0.27


R Squared 0.9 0.94 0.95

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Debt Funds DetailsParticulars ICICI Prudential

Flexible Income

Plan

ICICI Prudential

Floating Rate Plan

ICICI Prudential

Ultra Short Term

Plan

ICICI Prudential

Medium Term Plan

ICICI Prudential

Long Term Floating

Rate Plan

Launch Date Mar 18, 2009 Jul 30, 2004 Jun 11, 2009 Jun 11, 2009 Jul 30, 2004Minimum

Investment

Rs. 15000 /- Rs. 10000 /- Rs. 5000 /- Rs. 5000 /- Rs. 10000 /-

Benchmark Index N.A N.A N.A N.A N.A

Fund Type Open-Ended Open-Ended Open-Ended Open-Ended Open-Ended

Entry Load N.A. N.A. N.A. N.A. N.A.

Exit Load N.A Upto 3 Days from

allotment - 0.25% of

applicable NAV,

more than 3 Days -

Nil

Upto 30 Days from


applicable NAV,

more than 30 Days -

Nil

Upto 9 Months from


applicable NAV,

more than 9 Months -

Nil

Upto 125 days from


applicable NAV,

more than 125 days -

Nil

Fund Manager Chaitanya Pande Chaitanya Pande Chaitanya Pande Chaitanya Pande Chaitanya Pande

Asset Size (Rs. In

crores) as on 30 Jun

2011

910.87 354.70 43.87 4.43 354.70

Crisil Fund Rank 2 2 Not Ranked Not Ranked 2

1-year Return 8.0% 7.8% 7.8% 8.0% 7.8%

Performance View Buy Buy Not Ranked Not Ranked Buy

Investment Type General Debt General Debt General Debt General Debt General Debt

Crisil Fund

Category

Ultra Short Term

Debt Retail

Ultra Short Term

Debt Retail- - Ultra Short Term

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ICICI Prudential Flexible Income Plan

Open-ended income fund, seeks to actively manage such risks as aconscious investment strategy by allowing the fund manager toswitch the allocation from a 100% debt stance to a 100% cashstance.

Provides the flexibility to implement yield curve strategies, or

manage interest rate volatility better.

Key Benefits

A portfolio which strategically deploys funds in thedebt markets to take advantage of interest rate risks.

Facilitates participation in markets that are large andinstitution-dominated.

Provides the potential to earn total return from bothinterest and capital gains, with the attendant risks of capital loss aswell.

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186.92

188.25

189.73

185.5

186

186.5

187

187.5

188

188.5

189

189.5

190

Jun/11 Jul/11 Aug/11

Growth

Growth


Growth 186.92 188.25 189.73

Dividend 19.04 18.95 17.2

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ICICI Prudential Floating Rate Plan

Open-ended income fund, focuses primarily ondynamic interest rates, and takes rapid actionwhen necessary to minimize the impact of thesefluctuations on your portfolio.

Key Benefits

A portfolio that focuses on accrualincome, which is derived from floating rateinstruments.

Reduced interest rate risk oflonger term instruments.

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153.06

165.44

156.12

148.72

153.99

166.47

157.16

149.76

155.05

167.62

158.26

150.93

135

140

145

150

155

160

165

170

Plan - A Plan - B Plan - C Plan - D

Growth

Jun-11

Jul-11

Aug-11


Plan - A 153.06 153.99 155.05

Plan - B 165.44 166.47 167.62

Plan - C 156.12 157.16 158.26

Plan - D 148.72 149.76 150.9320


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ICICI Prudential Ultra Short Term Plan

Open-ended income fund, is designed for such short-termrequirement, as it enables deploying of funds for shorterperiods of time, from 3 to 6 months.

Generates regular income while cautiously monitoring therate of interest.

Key Benefits

Investors seeking safety and liquidity, whileearning stable and competitive returns, in a scenario where

it is difficult to forecast the future interest rate outlook.Conservative investors who may want to

outplay the yield in short-term bank deposits in a tax-efficient manner.

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11.05

11.1

11.15

11.2

11.25

11.3

11.35


NAV

Growth

Growth


Growth 11.15 11.21 11.3

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ICICI Prudential Medium Term Plan

Open-ended income fund, seeks to generate regular incomethrough investments in debt and money market securities.

It follows a disciplined investment process .


Conservative investors looking to earnsomething extra over a bank savings account in a tax-efficientmanner.

Investors looking to earn regularaccrual income from a debt investment.

Investors seeking safety of principal,while earning a stable and competitive return in a scenario whereinterest rate outlook looks unfavorable from a longer maturityperspective.

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11.12

11.17

11.27

11

11.05

11.1

11.15

11.2

11.25

11.3


NAV

Growth

Growth


Growth 11.12 11.17 11.27

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ICICI Prudential Long Term Floating


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ICICI Prudential Long Term Floating

Rate Plan

Long Term Floating Rate Plan, an open-ended income fund,enables such a focus on interest rates.

It further extends this benefit by tapping into productswhose interest rates are benchmarked to longer term rates.


Investors who believe thatinterest rates in the short to medium term could increase.

Investors who prefer floating rate

interest income, over gains / losses from changes inportfolio value.

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15.39 15.4615.58

15.88 15.95 16.08

10.6710.01 10.09

0

2

4

6

8

10

12

14

16

18

Jun/11 Jul/11 Aug/11

NAV

Plan - A

Plan - B

Plan - C


Plan - A 15.39 15.46 15.58

Plan - B 15.88 15.95 16.08

Plan - C 10.67 10.01 10.09

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Thank You

Download - ICICI Prudential Mutual Fund's Performance Analysis

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