This large and midcap equity mutual fund gave 24.4% returns in 5 years: Should you invest?
ICICI PRU LARGE & MID CAP: 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 wh...
By ET Bureau |
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ICICI Pru Large & Midcap fund experienced a rough patch between 2017 to 2020
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.
ICICI PRU LARGE & MID CAP BASIC FACTS DATE OF LAUNCH 9 JUL 1998 CATEGORY
EQUITY TYPE LARGE & MIDCAP AUM* 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 AMOUNT
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Rs.100 EXPENSE RATIO# (%) 1.69 EXIT LOAD
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1% for redemption within 30 days
*AS ON 30 SEP 2024 **AS ON 22 OCT 2024 #AS ON 30 SEP 2024
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.
