This large and midcap equity mutual fund gave 24.4% returns in 5 years: Should you invest? The fund manager adopts a counter-cyclical approach by remaining underweight in sectors to which the larger market holds an elevated exposure. Should you buy ICICI Pru Large & Midcap fund now?
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;} ICICI PRU LARGE & MID CAP
BASIC FACTS
DATE OF LAUNCH
9 JUL 1998
CATEGORY
EQUITY
TYPE
LARGE & MIDCAP
AUM*
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Rs.17,464 crore
BENCHMARK
NIFTY LARGE MIDCAP 250 TOTAL RETURN INDEX
WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.957.13
IDCW
Rs.33.43
MINIMUM INVESTMENT
Rs.5,000
MINIMUM SIP AMOUNTRs.100
EXPENSE RATIO# (%)1.69
EXIT LOAD
1% for redemption within 30 days
*AS ON 30 SEP 2024
**AS ON 22 OCT 2024
#AS ON 30 SEP 2024
FUND MANAGER
IHAB DALWAI
2 YEARS, 3 MONTHS
Recent portfolio changes
New entrants
IndusInd Bank, Medplus Health Services, Shree Cement, Sona BLW Precision Forgings, Sun TV Network (Aug).
Gujarat Narmada Valley Fertilizers & Chemicals, Max Financial Services, Zydus Lifesciences (Sep).
Complete exits
Affle (India), Hero Motocorp, Kotak Mahindra Bank, Sumitomo Chemical India (Aug).
Should You Buy?
Earlier known as the ICICI Prudential Top 100, this fund was repositioned as the large- and mid-cap offering a few years ago. The fund manager adopts a counter-cyclical approach by remaining underweight in sectors to which the larger market holds an elevated exposure. It aims to generate alpha through active sectoral rotation apart from identifying companies with reasonable profitability backed by sustainable competitive advantages. The fund experienced a rough patch between 2017 to 2020 but has seen a smart uptick in performance since 2021. This is partly owing to its bias towards value segment, which has been on an upswing in recent years.
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This story originally appeared on: India Times - Author:Faqs of Insurances
