ICICI Prudential Child Care Plan

NAV Date 05-01-2021
Fund Name Category NAV NAV Change 1 year %
ICICI Pru Balanced Advantage Fund(G) Hybrid - Equity Oriented 42.92 0.1100 12.39
ICICI Pru Bluechip Fund(G) Equity - Large Cap 51.47 0.2800 15.27
ICICI Pru Equity & Debt Fund(G) Hybrid - Equity Oriented 154.99 0.3700 10.19
ICICI Pru LT Equity Fund (Tax Saving)(D) Equity - Tax Saving 20.32 0.1200 15.20
ICICI Pru Midcap Fund(G) Equity - Mid Cap 116.97 0.6000 22.14
ICICI Pru Multi-Asset Fund(G) Equity - Large Cap 310.62 0.4330 11.26
ICICI Pru Savings Fund(G) Debt - Liquid 414.9 0.1514 08.50
ICICI Pru Short Term Fund(G) Debt - Short Term Income 45.78 0.0266 10.50
ICICI Pru Value Discovery Fund(G) Equity - Large Cap 179.62 0.5300 25.24
ICICI Pru Child Care Fund-Gift Plan Hybrid - Equity Oriented 161.3 0.6300 10.18
ICICI Pru Child Care Fund-Gift Plan-Direct Plan Hybrid - Equity Oriented 171.53 0.6800 10.88
ICICI Pru Equity & Debt Fund(G)-Direct Plan Hybrid - Equity Oriented 167.67 0.4000 10.78
ICICI Pru FMCG Fund(D)-Direct Plan Equity - FMCG 117.07 0.2700 12.97
ICICI Pru FMCG Fund(G) Equity - FMCG 276.93 0.6400 12.25
ICICI Pru FMCG Fund(G)-Direct Plan Equity - FMCG 293.79 0.6900 12.98
ICICI Pru Floating Interest Fund(D) Debt - Ultra Short Term 163.66 0.0861 09.42
ICICI Pru Floating Interest Fund(D)-Direct Plan Debt - Ultra Short Term 169.12 0.0923 10.22
ICICI Pru Floating Interest Fund(DP) Debt - Ultra Short Term 163.66 0.0861 09.42
ICICI Pru Floating Interest Fund(DP)-Direct Plan Debt - Ultra Short Term 169.12 0.0923 10.22
ICICI Pru Floating Interest Fund(G) Debt - Ultra Short Term 324.11 0.1703 09.42
ICICI Pru Floating Interest Fund(G)-Direct Plan Debt - Ultra Short Term 343.46 0.1873 10.22
ICICI Pru LT Equity Fund (Tax Saving)(G)-Direct Plan Equity - Tax Saving 490.96 2.8900 16.13
ICICI Pru Large & Mid Cap Fund(G) Equity - Large Cap 380.64 0.6000 13.85
ICICI Pru Large & Mid Cap Fund(G)-Direct Plan Equity - Large Cap 409.34 0.6600 14.73
ICICI Pru Liquid Fund(D) Debt - Liquid 151.98 0.0115 04.22
ICICI Pru Liquid Fund(D)-Direct Plan Debt - Liquid 152.62 0.0121 04.34
ICICI Pru Liquid Fund(DP)-Direct Plan Debt - Liquid 152.62 0.0121 04.34
ICICI Pru Liquid Fund(G) Debt - Liquid 300.86 0.0229 04.22
ICICI Pru Liquid Fund(G)-Direct Plan Debt - Liquid 302.46 0.0240 04.34
ICICI Pru Liquid Fund-Unclaimed Dividend Debt - Liquid 133.23 0.0108 04.39
ICICI Pru Liquid Fund-Unclaimed Redemption Debt - Liquid 133.23 0.0108 04.39
ICICI Pru Midcap Fund(G)-Direct Plan Equity - Mid Cap 125.9 0.6500 23.27
ICICI Pru Money Market Fund(D) Debt - Liquid 148.19 0.0279 06.17
ICICI Pru Money Market Fund(D)-Direct Plan Debt - Liquid 149.03 0.0285 06.29
ICICI Pru Money Market Fund(DP)-Direct Plan Debt - Liquid 149.03 0.0285 06.29
ICICI Pru Money Market Fund(G) Debt - Liquid 290.64 0.0548 06.17
ICICI Pru Money Market Fund(G)-Direct Plan Debt - Liquid 292.74 0.0562 06.29
ICICI Pru Multi-Asset Fund(G)-Direct Plan Equity - Large Cap 331.31 0.4566 11.99
ICICI Pru Multicap Fund(G) Equity - Multi Cap 334.35 2.2900 10.88
ICICI Pru Multicap Fund(G)-Direct Plan Equity - Multi Cap 358.92 2.4700 11.97
ICICI Pru Nifty 100 ETF Equity - ETF 154.5 0.9538 17.07
ICICI Pru Nifty ETF Equity - ETF 150.73 0.7064 17.01
ICICI Pru Nifty Index Fund(G) Equity - Index 138.01 0.6439 16.44
ICICI Pru Nifty Index Fund(G)-Direct Plan Equity - Index 142.48 0.6662 16.89
ICICI Pru Savings Fund(D) Debt - Ultra Short Term 165.78 0.0605 08.50
ICICI Pru Savings Fund(D)-Direct Plan Debt - Ultra Short Term 167.47 0.0616 08.61
ICICI Pru Savings Fund(DP)-Direct Plan Debt - Ultra Short Term 167.47 0.0616 08.61
ICICI Pru Savings Fund(G)-Direct Plan Debt - Ultra Short Term 418.47 0.1540 08.61
ICICI Pru Sensex ETF Equity - ETF 521.39 2.8063 18.12
ICICI Pru Value Discovery Fund(G)-Direct Plan Equity - Multi Cap 192.62 0.5700 25.94
View moreless

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.

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

GST rate of 18% applicable for all financial services effective July 1, 2017.

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

reTH65gcmBgCJ7k
This Page is BLOCKED as it is using Iframes.