No tags yet.
Many novice investors that come first time into the mutual fund market often look for a scheme that is not very risky as well as provides good returns. For all such investors, the financial consultants of MySIPonline perform special research on ICICI Prudential Equity & Debt Fund. The fund, which keeps the balance and invests in both equity and debt is highly suitable for the moderate profile and neophyte investors. It was earlier known as ICICI Prudential Balanced Fund. So, let’s walk down through the details of the fund, as provided below:
ICICI Prudential Equity & Debt Fund: An Overview
ICICI Pru Equity & Debt Fund is an open-ended scheme, which predominantly invests in equity, equity-linked securities as well as in debt instruments and money-market securities. The current AUM of the fund is Rs 28,744 Cr as on May 31, 2018, with an expense ratio of 2.11% as on April 30, 2018. It seeks to provide the twin advantages of growth from equity market and stable income from fixed income securities.
The fund follows the blend of the growth and value style by investing 66% of its portfolio corpus in equity and equity-related securities, 32.41% in debt instruments, and the remaining 1.59% in cash equities. It is holding 72 stocks currently, and its assets are allocated in diversified sectors including energy, finance and banking, technology, automobile, communication, healthcare sector, etc.
Past Performance Analysis :
The fund was launched in the year 1999 and has provided the returns of 14.49% since then. It is following CRISIL Balance Fund as its benchmark. Its trailing returns for the past three, five and seven years were 10.95%, 18.21% and 15.12%, respectively. The fund has provided impressive returns in the past years.
ICICI Equity & Debt Fund provided the annualized returns of 45.56% in 2014, 2.1% in 2015, 13.66% in 2016 and 24.78% in 2017. It has outperformed its category and benchmark in the year 2016. The fund has generated the alpha of 1.88% as provided on May 31, 2018.
Fund Managers:
ICICI Prudential Equity & Debt Fund growth is managed by three efficient fund managers, the details of them are provided below:
Equity:
1. Mr Sankaren Naren: He is working as the Chief Investment Officer of ICICI Pru AMC. Mr Naren has 23 years of rich experience and looking after the overall fund management of the fund house. He has a vast knowledge of equity market and assists in equity research.
2. Mr Atul Patel: He has been associated with the fund since 2016. He is a Chartered Accountant by profession.
Debt
1. Mr Manish Banthia: Mr Banthia has been associated with the fund since 2013. He looked after the debt and fixed income investments of it. He has rich experience in the fund management.
As per the financial analysts of MySIPonline, the fund is suitable for the investors with long-term investment horizon and have the appetite of tolerating a moderately high-risk. The NAV of ICICI Prudential Equity & Debt Fund is Rs 124.77 as on June 27, 2018. To know more about it or start your investment, visit our official website.