ICICI Prudential Child Care Plan

NAV Date 09-12-2019
Fund Name Category NAV NAV Change 1 year %
ICICI Pru Balanced Advantage Fund(G) Hybrid - Equity Oriented 37.53 0.0100 11.40
ICICI Pru Bluechip Fund(G) Equity - Large Cap 43.5 0.0200 10.72
ICICI Pru Equity & Debt Fund(G) Hybrid - Equity Oriented 136.46 0.1700 09.95
ICICI Pru LT Equity Fund (Tax Saving)(D) Equity - Tax Saving 20.23 0.0100 08.31
ICICI Pru Midcap Fund(G) Equity - Mid Cap 93.11 0.1800 02.25
ICICI Pru Multi-Asset Fund(G) Equity - Large Cap 269.85 0.5508 08.78
ICICI Pru Savings Fund(G) Debt - Liquid 380.13 0.0641 08.90
ICICI Pru Short Term Fund(G) Debt - Short Term Income 41.1 0.0005 09.71
ICICI Pru Value Discovery Fund(G) Equity - Large Cap 139.7 0.2400 02.52
ICICI Pru Child Care Fund-Gift Plan Hybrid - Equity Oriented 142.74 0.0200 08.78
ICICI Pru Child Care Fund-Gift Plan-Direct Plan Hybrid - Equity Oriented 150.75 0.0100 09.70
ICICI Pru Equity & Debt Fund(G)-Direct Plan Hybrid - Equity Oriented 146.79 0.1900 10.70
ICICI Pru FMCG Fund(G) Equity - FMCG 247.09 1.1000 08.18
ICICI Pru FMCG Fund(G)-Direct Plan Equity - FMCG 260.27 1.1400 09.31
ICICI Pru Floating Interest Fund(B) Debt - Ultra Short Term 148.66 0.0049 08.56
ICICI Pru Floating Interest Fund(D) Debt - Ultra Short Term 148.61 0.0048 08.52
ICICI Pru Floating Interest Fund(D)-Direct Plan Debt - Ultra Short Term 152.37 0.0043 09.73
ICICI Pru Floating Interest Fund(DP) Debt - Ultra Short Term 148.61 0.0048 08.52
ICICI Pru Floating Interest Fund(DP)-Direct Plan Debt - Ultra Short Term 152.37 0.0043 09.73
ICICI Pru Floating Interest Fund(G) Debt - Ultra Short Term 294.32 0.0095 08.52
ICICI Pru Floating Interest Fund(G)-Direct Plan Debt - Ultra Short Term 309.46 0.0088 09.37
ICICI Pru Floating Interest Fund-Option A(G) Debt - Ultra Short Term 294.66 0.0093 08.53
ICICI Pru Floating Interest Fund-Option B(G) Debt - Ultra Short Term 318.16 0.0100 08.53
ICICI Pru LT Equity Fund (Tax Saving)(G)-Direct Plan Equity - Tax Saving 407.04 0.2700 10.81
ICICI Pru Large & Mid Cap Fund(G) Equity - Large Cap 324.62 0.8300 07.24
ICICI Pru Large & Mid Cap Fund(G)-Direct Plan Equity - Large Cap 346.23 0.8600 08.18
ICICI Pru Liquid Fund(B)-Direct Plan Debt - Liquid 146.03 0.0239 06.81
ICICI Pru Liquid Fund(D) Debt - Liquid 145.24 0.0235 06.74
ICICI Pru Liquid Fund(D)-Direct Plan Debt - Liquid 145.68 0.0239 06.81
ICICI Pru Liquid Fund(DP)-Direct Plan Debt - Liquid 145.68 0.0239 06.81
ICICI Pru Liquid Fund(G) Debt - Liquid 287.53 0.0465 06.74
ICICI Pru Liquid Fund(G)-Direct Plan Debt - Liquid 288.71 0.0472 06.81
ICICI Pru Liquid Fund-Inst(G) Debt - Liquid 453.24 0.0691 06.35
ICICI Pru Liquid Fund-Inst-1(G) Debt - Liquid 270.08 0.0420 06.45
ICICI Pru Liquid Fund-Ret(G) Debt - Liquid 441.92 0.0674 06.35
ICICI Pru Money Market Fund(B)-Direct Plan Debt - Liquid 147.5 0.0700 08.26
ICICI Pru Money Market Fund(G) Debt - Liquid 272.62 0.1263 08.12
ICICI Pru Money Market Fund(G)-Direct Plan Debt - Liquid 274.25 0.1297 08.25
ICICI Pru Money Market-Ret(G) Debt - Liquid 299.68 0.1306 07.76
ICICI Pru Multi-Asset Fund(G)-Direct Plan Equity - Large Cap 285.81 0.5689 09.59
ICICI Pru Multicap Fund(G) Equity - Multi Cap 291.53 0.3000 07.12
ICICI Pru Multicap Fund(G)-Direct Plan Equity - Multi Cap 309.69 0.2900 08.16
ICICI Pru Savings Fund(B) Debt - Ultra Short Term 151.65 0.0255 08.90
ICICI Pru Savings Fund(D) Debt - Ultra Short Term 151.89 0.0256 08.90
ICICI Pru Savings Fund(D)-Direct Plan Debt - Ultra Short Term 153.27 0.0270 09.03
ICICI Pru Savings Fund(DP)-Direct Plan Debt - Ultra Short Term 153.27 0.0270 09.03
ICICI Pru Savings Fund(G)-Direct Plan Debt - Ultra Short Term 382.99 0.0674 09.03
ICICI Pru Savings Fund-Ret(G) Debt - Ultra Short Term 215.92 0.0235 08.11
ICICI Pru Sensex ETF Equity - ETF 430.94 0.4483 14.66
ICICI Pru Value Discovery Fund(G)-Direct Plan Equity - Multi Cap 148.94 0.2500 03.17
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The ICICI Prudential Child Care Plan can either be presented as a gift or maintained as a study fund for children. It invests anywhere between 65% to 100% in the equity markets with the aim being to provide for the educational needs of kids. It is an open-ended scheme and uses CNX Nifty as a benchmark. It also brings investors the advantage of systematic transfers between gift and study plans along with systematic investments and withdrawals that can be as little as Rs. 1,000 and Rs. 500 respectively. If the investor is also the parent or guardian of the child than it offers a personal accident cover of up to Rs. 5 lakhs to them.

Type or nature of fund

This is an open ended equity fund

Investment objective

The objective of this plan is long term wealth creation through a diverse portfolio that invests mostly in equity markets. It can be used as a gift for children between the ages of 1 year and 13 years old or as a study fund for children between the ages of 13 years and 17 years.

Fund information

Inception date 31 August 2001
CRISIL rank This product has not been rated by CRISIL
Plans Regular and Direct
Options Growth
Schemes

•ICICI Prudential Child Care Plan Gift - Direct Plan

•ICICI Prudential Child Care Plan Gift - Regular Plan

Entry load Nil. There may be an upfront commision that will be payable by the investor to the distributor.
Exit load

•3% of the NAV if the units are withdrawn or switched within 1 year of allotment.

•2% of the NAV if the units are withdrawan or switched in the 2nd year of allotment.

•1% of the NAV if the units are withdrawan or switched in the 3rd year of allotment.

•Nil after the 3rd year is over.

Minimum investment

•First time investors need to invest a minimum of Rs. 5,000.

•Minimum additional investment is Rs. 1,000

SIP

•For monthly SIP the minimum investment is Rs. 1,000 and 5 post dated cheques.

•For quarterly investments the minimum is Rs. 5,000 and 3 post dated cheques.

Product label

•The risk associated with this fund is Moderately High.

•It is ideal for those who are looking for long term wealth creation for the purpose of providing for their child's education.

Benchmark

CNX Nifty Index

The CNX Nifty is an index that is owned and operated by India Index Services and Products and covers 22 sectors in India. It is an index where calculations are made based on the free float methodology.

SWP The minimum SWP allowed is Rs. 500 with increments in multiples of Re. 1.
STP Available but units can be switched between study and gift plans
Redemption The minimum amount that can be redeemed is Rs. 1,000 and multiples of it.

Fund manager(s)

Chintan Haria (Equity)

  • Education: M.COM, A.C.A. and ICWA
  • Past experience:
    • Associate Vice President. (Fund Manager) - ICICI Prudential AMC Ltd
    • Senior Manager - ICICI Prudential AMC Ltd
    • Assistant Manager - ICICI Prudential AMC Ltd
    • Management Trainee - ICICI Prudential AMC Ltd
  • Other funds managed
    • ICICI Prudential Tax Plan
    • ICICI Prudential Growth Fund – Series 8
    • ICICI Prudential Value Fund – Series 3
    • ICICI Prudential Equity Income Fund

George Heber Joseph (Equity)

  • Education: B.Com, BA English Language & Literature, Associate Member of Chartered Accountants of India
  • Past experience:
    • Fund Manager - Portfolio Management Services ICICI Prudential Asset Management Company Limited
    • Investments department, Mutual Fund Business ICICI Prudential Asset Management Company Limited
    • Senior Specialist - Equity and Treasury Business process study DSP Merrill Lynch Ltd,Mumbai
    • Senior Business Analyst - Securities and Capital Market Domain Wipro Technologies -
    • Deputy Manager - Investments MetLife India Insurance Company
    • Finance & Treasury Cholamandalam Finance Co. Ltd
    • Finance & Accounts - Tanfac Industries Ltd
  • Other funds managed
    • ICICI Prudential Growth Fund - Series 8
    • ICICI Prudential Child Care Plan - Gift Plan (Equity portion)

Manish Banthia (Debt)

  • Education: B.COM, CA and MBA
  • Past experience:
    • Aditya Birla Nuvo Ltd.
    • Aditya Birla Management Corporation Ltd.
  • Other funds managed
    • ICICI Prudential Equity Arbitrage Fund - Debt Portion
    • ICICI Prudential Short Term Plan
    • ICICI Prudential Blended Plan A – Debt Portion
    • ICICI Prudential Long Term Plan
    • ICICI Prudential Gold Exchange Traded Fund
    • ICICI Prudential Regular Gold Savings Fund
    • ICICI Prudential Child Care Plan – Study Plan – Debt portion
    • ICICI Prudential Child Care Plan – Gift Plan – Debt portion
    • ICICI Prudential Monthly Income Plan – Debt Portion
    • ICICI Prudential MIP 25 – Debt portion
    • ICICI Prudential Income Opportunities Fund
    • ICICI Prudential Income Plan
    • ICICI Prudential Balanced Fund – Debt Portion
    • ICICI Prudential Gilt Fund Investment Plan PF Option
    • ICICI Prudential Equity Income Fund – Debt portion

Investment philosophy or strategy

The investment philosophy of this fund is to invest 65% to 100% in the equity markets. Up to 0.35% may also be invested in the debt markets to provide a bit of stability to the portfolio and guard against volatile markets.

Portfolio

Sector Investment
Banks

•HDFC Bank Ltd. 10.07%

•The Federal Bank Ltd. 4.07%

•Kotak Mahindra Bank Ltd. 3.33%

•City Union Bank Ltd. 1.34%

•IndusInd Bank Ltd. 1.04%

19.85%
Software

•Tech Mahindra Ltd. 5.28%

•Cyient Ltd. 2.43%

•Sasken Communication Technologies Ltd. 1.60%

9.30%
Pharmaceuticals

•Unichem Laboratories Ltd. 3.51%

•IPCA Laboratories Ltd. 2.45%

•Alembic Pharmaceuticals Ltd. 2.13%

•Sun Pharmaceutical Industries Ltd. - Futures 2.09%

•Dr. Reddy's Laboratories Ltd. 0.91%

9%
Gas

•Gujarat State Petronet Ltd. 3.58%

•Petronet LNG Ltd. 3.06%

6.64%
Consumer Durables

•Havells India Ltd. 3.01%

•Titan Company Ltd. 2.23%

5.24%
Consumer Non Durables

•ITC Ltd. 2.85%

•DCM Shriram Ltd. 1.28%

•Mcleod Russel India Ltd. 1.09%

5.22%
Cement

•Shree Cements Ltd. 3.13%

•Grasim Industries Ltd. 2.04%

5.17%
Auto

•Tata Motors Ltd. - DVR 2.44%

•Tata Motors Ltd. 1.79%

•Tata Motors Ltd. - Futures 0.95%

4.23%
Pesticides

•Rallis India Ltd. 3.30%

3.30%
Power

•Power Grid Corporation Of India Ltd. 3.02%

3.02%

Risk measures

Sharpe ratio 0.83
Alpha  
Portfolio beta 1.33
Std deviation 15.49& (annual)

Performance

AUM Rs. 294.77 crores (As of June 30, 2015)
NAV (As of June 30, 2015)

•Regular Plan Growth Option: Rs. 99.87

•Direct Plan Growth Option: Rs. 101.57

Expense ratio

•ICICI Prudential Child Care Plan Gift - Direct: 0.81

•ICICI Prudential Child Care Plan Study - Direct: 0.51

•ICICI Prudential Child Care Plan Study - Regular 1.62

•ICICI Prudential Child Care Plan Gift - Regular

  • First 100 crore - 2.5%
  • Next 300 crore - 2.25%
  • Next 300 crore - 2%
  • Balance - 1.75%
  • Additional charge of a max of 30 Bps on sales outside top 15 cities

Returns

  2014-2015 (Absolute Returns) 2013-2014 (Absolute Returns) 2012-2013 (Absolute Returns) Compound Annual Growth Rate (Since Inception)
Scheme 8.45% 62.36% 0.87% 18.09%
NIFTY 9.95% 30.28% 10.67% 16.15%
NAV (in Rs.) 92.09 56.72 56.23 -

The growth of this fund indicates that if an investments of Rs. 10,000 was made in it at the time of inception than the fund would have grown to Rs. 99870. When compared to the benchmark growth to Rs. 79,416.37 it comes to a difference of a little over Rs. 20,000. These figures are calculated assuming that the NAV is Rs. 10.

Expert view of the fund

Since inception this plan has performed well over the years. It did perform less than the benchmark in 2012-13 and 2014-15 but in 2013-14 it performed twice as well as the benchmark. The fund itself is diversified with more investments being made in mid size stocks. Investments are also made in large and small size stocks. Being a long term investment, the investment horizon suggest by ICICI Prudential is of 5 years.

How to apply

To apply for this fund, investors can either go to the branches of ICICI Prudential where they can get assistance with filling out the forms and make the payments for the investments. These payments can be made either using cheques or DDs. The investment can also be done through distributors of this fund however there may be a commission payable if investments are made through distributors.

For online applications, investors can visit the ICICI Prudential website and log in if they have an account. The website can cater to both existing and new customers and requires only a short 4 step registration process. Once it is comple investments in the fund can be made via NEFT or RTGS transfers or even via debit cards.

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