ICICI Prudential Equity Savings Fund is open ended hybrid equity savings scheme. Previously, this fund was named ICICI Prudential Equity Income Fund. The investment objective of ICICI Prudential Equity Savings Fund is to generate long-term capital by investing in equity instruments. The secondary objective is to generate regular income through arbitrage and derivative investment.
The equity portion of ICICI Prudential Equity Savings Fund is managed by-
Mr. Kayzad Eghlim, Mr. Sankaran Naren, Mr. Prakash Gaurav Goeland, Mr.Dharmesh Kakkad
and the debt portion is managed by Mr. Manish Banthia. The return from ICICI Prudential Equity Savings Fund growth scheme helps you to earn a high return by investing in a mix of securities offering a diversified portfolio.
ICICI Prudential Equity Savings Fund Facts
- The portfolio allocation of ICICI Prudential Equity Savings Fund is 65.97% in equity stocks out of which 52.59% in large caps, 8.92% in mid cap and 4.46% in small cap stocks. Also, it invests 16.94% in debt securities.
- You can invest a minimum of Rs. 100 in ICICI Prudential Equity Savings Fund sip plan.
- Investors who aims to generate capital by investing in diversified portfolio can easily invest in ICICI Prudential Equity Savings mutual fund investment plan online which is very easy and time-saving.
- The return from ICICI Prudential Equity Savings Fund growth scheme is 9.67% in the last 3 years.
Top 5 Sectors of ICICI Prudential Equity Savings Fund
|
S.No. |
Holding Name |
Net Assets (in %) |
|
1 |
Miscellaneous |
48.37 |
|
2 |
Miscellaneous |
14.21 |
|
3 |
IT – Software |
10.8 |
|
4 |
Bank – Private |
9.99 |
|
5 |
Miscellaneous |
8.27 |
(as on date- 11/04/2019)
Top 10 Holdings of ICICI Prudential Equity Savings Fund
|
S.No. |
Holding Name |
Net Assets (in %) |
|
1 |
Net Current Assets |
43.67 |
|
2 |
HDFC Bank Ltd. – 28 May 2019 (Duration – 91 Days) |
6.06 |
|
3 |
Tata Consultancy Services Ltd. |
4.53 |
|
4 |
Axis Bank Ltd. |
4.24 |
|
5 |
Tech Mahindra Ltd. |
3.6 |
|
6 |
Sun Pharmaceutical Industries Ltd. |
2.99 |
|
7 |
Zee Entertainment Enterprises Ltd. |
2.86 |
|
8 |
ICICI Bank Ltd. ** |
2.73 |
|
9 |
Indiabulls Housing Finance Ltd. ** |
2.72 |
|
10 |
Axis Bank Ltd. ** |
2.7 |
(as on date- 11/04/2019)
Details of ICICI Prudential Equity Savings Fund
Date of Inception- 5th December, 2014
Fund Manager- Mr. Kayzad Eghlim, Mr. Dharmesh Kakkad, Mr. Sankaran Naren, Mr. Prakash Gaurav Goel and Mr. Manish Banthia
Benchmark- Nifty Equity Savings TRI
Riskometer- Moderately High
Return Since Launch- 7.63%
AUM- Rs. 1813.42 crore (as on 31st Mar, 2019)
ICICI Prudential Equity Savings Fund performance is shown in the below mentioned table-
|
|
1-Year |
3-Year |
5-Year |
10-Year |
|
Fund |
6.66 |
9.67 |
– |
– |
|
VR MIP TRI |
8.63 |
9.51 |
– |
– |
|
Category |
3.67 |
8.39 |
– |
– |
|
Rank within Category |
2 |
2 |
– |
– |
|
Number of funds in category |
15 |
12 |
– |
– |
|
As on Apr 11, 2019 |
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