ICICI Prudential Dividend Yield Equity Fund

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
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The Dividend Yield Equity Fund is a long term investment that allows for wealth creation through investments in companies that are performing well. This fund offers opportunities for investments in lump sums as well as monthly instalments (SIPs). It also offers systematic withdrawal plans through which units can be withdrawn at regular intervals. It also does not charge any entry loads and has over Rs. 300 crore in assets under management. While the lion's share of the investments are made in the equity markets, a small amount is also invested in short term debt instruments.

Type or nature of fund

This is an open-ended equity fund.

Investment objective

The aim of this fund is to help create wealth over a long term through investments in the equity markets. These investments are made primarily in stocks that a performing well and can invest in small, mid and large cap stocks.

Fund information

Inception date 16 May 2014
CRISIL rank This product has not been rated by CRISIL
Plans Regular and Direct
Options
  • Direct Plan with reinvestment and option
    • Growth
    • Dividend
  • Regular Plan with reinvestment and option
    • Growth
    • Dividend
The default options in this scheme are growth and dividend re-investment
Schemes
  • ICICI Prudential Dividend Yield Equity Fund Direct Plan Dividend
  • ICICI Prudential Dividend Yield Equity Fund Direct Plan Growth
  • ICICI Prudential Dividend Yield Equity Fund Regular Plan Dividend
  • ICICI Prudential Dividend Yield Equity Fund Regular Plan Growth
Entry load Nil if investment is done through ICICI Prudential. If investments are done through certified distributors then a commission may be payable to the distributor.
Exit load 1% of the NAV if units are withdrawn within 1 year of allotment.
Minimum investment
  • Rs. 5,000 for new investments.
  • Rs. 1,000 for additional investments.
Increments in both cases can be in multiples of Re. 1.
SIP Available
Product label
  • The risk rating of this product is Moderately High.
  • It is targeted at those who are looking for long term wealth creation through investment in stocks with good performance.
Benchmark CNX Dividend Opportunities Index The CNX Dividend Opportunities Index uses the free floating market capitalization method to calculate performance. It covers 50 companies listed on the NSE, all of which are in the top 300 list according to their free-float market capitalization and their turnover.
SWP Available
STP NA
Redemption The minimum amount that can be redeemed is Rs. 500 with increments in multiples of Re. 1.

Fund manager(s)

Mrinal Singh

  • Education: BE and PGDM
  • Past experience:
    • Fund Manager (AVP), ICICI Prudential AMC Ltd.
    • Senior Manager, ICICI Prudential AMC Ltd.
    • Manager, ICICI Prudential AMC Ltd.
    • WIPRO Ltd
    • Robert Bosch GmbHMotor Industries Co Ltd.(MICO),Bangalore
  • Other funds managed
    • ICICI Prudential Technology Fund
    • ICICI Prudential Midcap Fund
    • ICICI Prudential Value Discovery Fund
    • ICICI Prudential Advisor Series
    • ICICI Prudential value Fund – Series 4
    • ICICI Prudential value Fund – Series 5

Vinay Sharma

  • Education: MBA from IIM Calcutta and CFA from AIMR USA
  • Past experience:
    • ICICI Prudential Asset Management Limited – PMS Fund Manager
    • ICICI Prudential Asset Management Limited – Equity Analyst
    • AIG Global Asset Management India Limited - Equity Analyst
    • J.P.Morgan India Private Limited - Equity Analyst
  • Other funds managed
    • ICICI Prudential Dividend
    • Yield Equity Fund
    • ICICI Prudential FMCG Fund
    • ICICI Prudential Select Large Cap Fund
    • ICICI Prudential Multiple Yield Funds
    • ICICI Prudential Capital Protection Oriented Funds
    • ICICI Prudential Growth Fund Series 2
    • ICICI Prudential Growth Fund Series 4
    • ICICI Prudential Growth Fund Series 5
    • ICICI Prudential Growth Fund Series 6
    • ICICI Prudential Banking and Financial Services Fund

Ashwin Jain (Overseas investments)

  • Education: B.E and PGDM
  • Past experience:
    • Merill Lynch as Senior Analyst
    • Irevna (part of the Standards and Poor’s Group) as Research Analyst
    • HCL Technologies as Software Engineer
  • Other funds managed
    • ICICI Prudential Growth Fund – Series 3
    • ICICI Prudential Balanced Advantage Fund

Investment philosophy or strategy

The philosophy followed for the investments in this scheme is that of investing in a diversified portfolio to provide long term capital gains. To achieve this objective, the fund may invest in the stocks of companies that have a proven track record of good performance.

Portfolio (As of June 2015)

Company/Sector Investment
Banks
  • ICICI Bank Ltd. 9.31%
  • The Federal Bank Ltd. 8.07%
  • Karur Vysya Bank Ltd. 3.01%
  • Bank Of Baroda 3.01%
  • The Jammu & Kashmir Bank Ltd. 2.77%
  • Union Bank Of India 2.37%
  • The South Indian Bank Ltd. 2.30%
30.84%
Software
  • Wipro Ltd. 4.64%
  • Infosys Ltd. 4.01%
  • Eclerx Services Ltd. 2.91%
  • NIIT Technologies Ltd. 2.37%
  • Cyient Ltd. 1.16%
15.09%
Auto
  • Tata Motors Ltd. 4.81%
  • Hero Motocorp Ltd. 4.43%
  • TVS Motor Company Ltd. 1.92%
11.15%
Chemicals
  • Tata Chemicals Ltd. 3.96%
  • Deepak Fertilizers and Petrochemicals Corporation Ltd. 2.30%
6.25%
Pharmaceuticals
  • Pfizer Ltd. 3.54%
  • Unichem Laboratories Ltd. 2.10%
5.63%
Consumer Non Durables
  • ITC Ltd. 4.24%
4.24%
Transportation
  • The Great Eastern Shipping Company Ltd. 1.90%
  • VRL Logistics Ltd. 1.57%
3.47%
Industrial Products
  • Cummins India Ltd. 3.03%
3.03%
Media & Entertainment
  • D.B. Corp Ltd. 2.83%
2.83%
Finance
  • Muthoot Finance Ltd. 2.72%
2.72%

Risk measures

Sharpe ratio

0.61

Alpha

Portfolio beta

0.86

Std deviation

12.02% (annual)

Performance

AUM Rs. 316.11 crores (As of 30 June 2015)
NAV (As of June 30, 2015)
  • Regular Plan Growth Option: Rs. 11.92
  • Regular Plan Dividend Option: Rs. 11.52
  • Direct Plan Growth Option: Rs. 12.03
  • Direct Plan Dividend Option: Rs. 11.63
Expense ratio
  • ICICI Prudential Dividend Yield Equity Fund Direct Plan - 0.5
  • ICICI Prudential Dividend Yield Equity Fund Regular Plan
  • First 100 crores of daily net assets - 2.5%
  • Next 300 crores of daily net assets - 2.25%
  • Next 300 crores of daily net assets - 2%
  • Balance daily net assets - 1.75%
  • Additional charge of a maximum 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 7.10% - - -
NIFTY 9.95% - - -
NAV (in Rs.) 11.13 - - -

Expert view of the fund

This fund is fairly new, having been launched in 2014 and has provided returns of up to 7% in its first year. It projects an indicative investment horizon of 5 years and provides returns through investments in stocks of companies that are known to perform well. Even though it is primarily an equity fund, it does invest a small amount in short term debt instruments while the largest investment, according to the portfolio is of 30% in the banking sector.

How to apply

For those who want to invest in this fund there are two options. The first option is to invest in it offline, where they can approach ICICI Prudential branches to help guide them with the application process. They will also get help with filling out the appropriate forms and understanding the fund better. This scheme can also be taken through a certified distributor.

For those who prefer the online option, ICICI Prudential also has facilities to provide online investments. Visitors to their site can invest from the website itself once they have created an account. Online investment facilities are available for both new and existing investors. The payments for both offline and online investments can be made via NEFT/RTGS transfers, debit cards, cheques or demand drafts.

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