Why ICICI Pru multi cap mutual fund is a worthy pick

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.

BASIC FACTS
DATE OF LAUNCH
1 OCTOBER 1994
CATEGORY

EQUITY
TYPE
MULTI CAP
AUM*
Rs.8,564 crore
BENCHMARK
NIFTY 500 MULTICAP
50:25:25 TOTAL RETURN INDEX

WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.554.99
IDCW**
Rs.28.87
MINIMUM INVESTMENT
Rs.5,000
MINIMUM SIP AMOUNT
Rs.100
EXPENSE RATIO# (%)
1.82
EXIT LOAD
1% for redemption within 365 days

*AS ON 31 AUG 2023
**AS ON 26 SEP 2023
#AS ON 31 AUG 2023

FUND MANAGER
SANKARAN NAREN / ANAND SHARMA
1 YEAR EACH

Recent portfolio changes
New entrants
Aurobindo Pharma, Carborundum Universal, Coforge, FSN E-Commerce Ventures, Gujarat Narmada Valley Fertilizers & Chemicals, ICICI Securities, Indraprastha Gas, Inox Wind, Interglobe Aviation, Nippon Life India Asset Management, Quess Corp, S.J.S Enterprises, Sundaram - Clayton Dcd, Suzlon Energy, Syngene International, Tata Steel, Tech Mahindra, UPL.
Complete exits
Fusion Micro Finance, Gland Pharma, Jio Financial Services Limited, KSB, Sun TV Network, Tata Consultancy Services, Zomato.

Should you buy?
Earlier run as ICICI Prudential Top 200, this fund adopted the multi-cap mandate in 2020. This entailed a portfolio reshuffle towards mid caps and small caps. Apart from the mandatory 25% allocation to each market-cap segment, the fund manager uses his own discretion to invest the balance according to the fund house macro view. The fund runs a highly diversified portfolio of more than 100 stocks to manage liquidity risk inherent in mid- and small-cap segments. The fund manager adopts the growth lens to filter biggest conviction ideas from the fund house’s extensive analyst team. The fund has comfortably outperformed its index since its repositioning. Continued strong showing will make it a worthy pick in its category.

(Source: Value Research.)