Star Fund Review
Morningstar Mutual Fund Guide
ICICI Prudential Top 100
Manager Biography and Fund Strategy
Naren has 25 + years of experience in research and fund management and has been associated with ICICI Mutual Fund for the last 13 years . Naren is known for being a contrarian and has a good understanding of “ value ” stocks .
Naren follows a disciplined investment process and an active portfolio management approach . The fund has a large cap bias with a focus on stocks which have significant long term growth potential . He aims to generate alpha by active sector rotation through a top-down approach . Within the chosen sectors , Naren makes use of relative valuation parameters to invest in large-cap stocks he believes are attractively priced relative to their growth prospects .
While picking stocks , he focusses on the financial strength of the company and knocks out stocks with
Return
Calendar Year Returns
Trailing Returns high leverage . He favours companies with attractive fundamentals , shifting away from ones where he thinks valuations are stretched . He does not take cash calls and remains fully invested ; cash levels are unlikely to exceed 5 per cent of assets . The strategy is complex , but we believe in Naren ’ s execution skill which makes the process robust .
The fund runs a concentrated portfolio based on the number of stocks in its portfolio than its peers . With Naren ’ s excellent stock picking skills we are comfortable of the concentrated portfolio , which could have the potential to fetch higher returns . The fund ’ s long term performance track record is good , but it can underperform its peers in the short run due to its valuationconscious approach .
Calculation Benchmark : S & P BSE 100 India INR |
38.3 |
30.0 |
26.9
28 . 5
|
|
32.3 |
32.8 |
30 . 0 |
22.5 |
|
|
|
|
|
|
15
7.5
|
10.3 |
3.6 |
11.4 |
5 . 9 |
|
00.0
-7.5
|
YTD |
2016 |
-0.6
-3. 2
2015
|
2014 |
2013 |
2012 |
Franklin India High Growth Cos Gr |
S & P BSE 500 India INR |
Data Point : Return Calculation Benchmark : S & P BSE 100 India INR
YTD 1 Year 3 Years 5 Years 10 Years ICICI Pru Top 100 Gr 26.91 21.87 11.25 17.86 9.57 S & P BSE 100 India INR 28.49 20.70 8.73 13.90 5.98 Average 28.54 20.05 10.84 15.61 7.83
Equity Sectors
% |
Basic Materials |
12.6 |
Consumer Cyclical |
8.2 |
Financial Services |
24.7 |
Real Estate |
00 |
Consumer Defensive |
6.4 |
Healthcare |
7.4 |
Utilities |
11.3 |
Communication Services |
3.7 |
Energy |
8.2 |
Industrials |
9.6 |
Technology |
8.1 |
Total |
100.0 |
Top Holdings |
Portfolio
Weighting (%)
|
ICICI Bank Ltd |
5.66 |
Infosys Ltd |
4.69 |
Oil & Natural Gas Corp Ltd |
4.66 |
Axis Bank Ltd |
4.49 |
Tata Chemicals Ltd |
4.27 |
State Bank of India |
3.65 |
Bharti Airtel Ltd |
3.53 |
Power Grid Corp Of India Ltd |
3.51 |
Larsen & Toubro Ltd |
3.35 |
Tata Motors Ltd Class A |
3.20 |
Fund Snapshot
Portfolio Date : 10 / 31 / 2017
Morningstar Category India Fund Large-Cap |
Fund Size ( ` ) |
29 billion |
Inception Date |
7 / 9 / 1998 |
Annual Report Net Expense Ratio |
2.58 |
Morningstar Rating Overall |
**** |
Manager Name |
Multiple |
Minimum Investment ( ` ) |
5,000 |
Deferred Load |
1.00 |
28
Outlook Money December 2017 www . outlookmoney . com