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Monday, November 11, 2013

ICICI Prudential Value Fund - Series 2 - NFO

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Call 0 94 8300 8300 (India)

 The launch of ICICI Prudential Value Fund - Series 2 (A 3 years close ended equity fund) which will run from 18th to 29th Nov 2013.

There are some strong fundamental reasons for the back-to-back launch of Series 2, which are listed below:

  • Domestic investors continue to remain under-invested in Equities
    In Rs. Crores
    Change
    2013
    2007
    Bank Deposits
    44,47,787
    73,05,820
    28,58,033
    MF Equity AUM
    - 612
    1,78,280
    1,77,668
  • In addition, Domestic Institutional Investors (incl. MF and Insurance) have sold equities of ~Rs.12,400 crores (MF ~Rs.4,000) in Oct '13. This also shows that domestic investor have not participated in the recent market run-up
  • Divergence of Large vs Mid/Small cap, Defensive vs Cyclical and Top 20 vs Rest of the market continues to offer returns potential

- Some contraction in the divergence has started to take place
-FMCG sector off July'13 high; Large Cap IT and Pharma may follow suit

  • With Fed tapering deferred and India's CAD position stabilizing, shocks due to external factors is expected to stay at bay
  • Waiting and launching after Series 1 has performed, would mean giving away some upside
  • Value Opportunities in the market is not restricted to limited number of stocks. There are plenty of prospects available in the current market which can be captured in the new offering.



As an opportunity to for those who missed the previous opportunity we are launching ICICI Prudential Value Fund - Series 2

  • A 3 years close ended fund
  • With select 25-30 high conviction stock picks
  • Multi-cap fund
  • Aims to
    • Find commendable companies at reasonable price rather than generic companies at bargain price.
    • Capture profits by selling equities or using derivatives.
    • Declare commensurate dividends.


Key Scheme Features

Type of scheme
A Close ended equity scheme
Investment Objective
The investment objective of the Scheme is to provide capital appreciation by investing in a well diversified portfolio of stocks through fundamental analysis. However, there can be no assurance that the investment objectives of the scheme will be realized.
Options
Direct Plan – Dividend Option
Regular Plan –Dividend Option
Only Dividend payout facility available
Minimum Application Amount
Rs.5,000 (plus in multiple of Re.10)
Entry Load & Exit Load
Not Applicable .
Benchmark Index
S&P BSE 500 Index
Fund Manager
Mr. Sankaran Naren & Mr. Mittul Kalawadia

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

Leave your comment with mail ID and we will answer them

OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

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