As is indicated by the name itself, ICICI Prudential Manufacturing Fund is a thematic fund. It was launched on October 11, 2018. It is an equity fund, the objective of which is to generate long-term capital appreciation and it has done it with aplomb.
Very high risk
The risk-o-meter states that it is a fund with a very high risk. The fund is benchmarked against the Nifty India Manufacturing TRI and the NIFTY 50 – TRI.
NAV, expense ratio
The fund’s NAV (Net Asset Value) was Rs 35.11 on August 19, 2024. The fund size is nearly Rs 6,621 crore. Its expense ratio is 1.81%, as compared with the category average of 2.08%.
Lump sum returns
The fund has provided 23.90% returns since its launch on October 11, 2018. Over the past 5 and 3 years it has provided annualised returns of 29.46%, over 2 years 39.33% and over the past 1 year the annualised return has been a whopping 58.54%. These are lump sum returns.
An amount of Rs 10,000 invested 3 months ago has grown to Rs 10,645 in 3 months, Rs 11,813 in 6 months, Rs 15,894 in 1 year, Rs 19,430 in 2 years, Rs 21,726 in 3 years, 36,421 in 5 years.
SIP returns
An SIP of Rs 1,000 in this fund has generated a total value of Rs 15,253 in 1 year, Rs 37,644 in 2 years, 62,846 in 3 years and Rs 1,42,522 in 5 years. The annualised returns in SIP are 53.47% in 1 year, 50.03% in 2 years, 39.7% in 3 years and 35.43% in 5 years. Remember the nominal value of investments in 1 year is Rs 12,000 in 1 year, Rs 24,000 in 2 years, Rs 36,000 in 3 years and Rs 60,000 in 5 years.
Investment in sectors
Scanning the portfolio of this fund Value Research stated that its investments are in the following sectors – materials (34.93%), industrials (22.77%), consumer discretionary (20.19%), healthcare (9.06%) and energy & utilities (7.61%). There is no other sector where this fund has committed more than 5% of its funds.
Top stocks
The stocks in which ICICI Prudential Manufacturing Fund has committed significant funds include Maruti Suzuki, Sun Pharmaceuticals, Ultratech Cement, L&T, Hindustan Aero, Hindalco, JSW, RIL, Vedanta, Bharat Forge, Siemens, Tata Motors, HPCL, Gujarat Gas, BEML, Aurobindo Pharma.
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This is the season of thematic funds. This fund which was launched nearly 6 years ago has provided spectacular returns. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
