ICICI Prudential Export and Other Services Fund

NAV Date 06-12-2019
Fund Name Category NAV NAV Change 1 year %
ICICI Pru Balanced Advantage Fund(G) Hybrid - Equity Oriented 37.54 0.1700 11.50
ICICI Pru Bluechip Fund(G) Equity - Large Cap 43.48 0.3000 10.03
ICICI Pru Equity & Debt Fund(G) Hybrid - Equity Oriented 136.63 1.2100 09.86
ICICI Pru LT Equity Fund (Tax Saving)(D) Equity - Tax Saving 20.24 0.2300 08.21
ICICI Pru Midcap Fund(G) Equity - Mid Cap 93.29 1.0800 02.70
ICICI Pru Multi-Asset Fund(G) Equity - Large Cap 270.4 2.6530 09.10
ICICI Pru Savings Fund(G) Debt - Liquid 380.06 0.0677 08.99
ICICI Pru Short Term Fund(G) Debt - Short Term Income 41.1 0.0275 09.88
ICICI Pru Value Discovery Fund(G) Equity - Large Cap 139.94 1.4500 02.81
ICICI Pru Child Care Fund-Gift Plan Hybrid - Equity Oriented 142.76 1.2100 08.21
ICICI Pru Child Care Fund-Gift Plan-Direct Plan Hybrid - Equity Oriented 150.76 1.2800 09.12
ICICI Pru Equity & Debt Fund(G)-Direct Plan Hybrid - Equity Oriented 146.98 1.3000 10.62
ICICI Pru FMCG Fund(G) Equity - FMCG 248.19 2.1000 08.76
ICICI Pru FMCG Fund(G)-Direct Plan Equity - FMCG 261.41 2.2000 09.89
ICICI Pru Floating Interest Fund(B) Debt - Ultra Short Term 148.67 0.0405 08.68
ICICI Pru Floating Interest Fund(D) Debt - Ultra Short Term 148.62 0.0405 08.64
ICICI Pru Floating Interest Fund(D)-Direct Plan Debt - Ultra Short Term 152.37 0.0384 09.86
ICICI Pru Floating Interest Fund(DP) Debt - Ultra Short Term 148.62 0.0405 08.64
ICICI Pru Floating Interest Fund(DP)-Direct Plan Debt - Ultra Short Term 152.37 0.0384 09.86
ICICI Pru Floating Interest Fund(G) Debt - Ultra Short Term 294.33 0.0801 08.64
ICICI Pru Floating Interest Fund(G)-Direct Plan Debt - Ultra Short Term 309.45 0.0780 09.49
ICICI Pru Floating Interest Fund-Option A(G) Debt - Ultra Short Term 294.67 0.0801 08.65
ICICI Pru Floating Interest Fund-Option B(G) Debt - Ultra Short Term 318.17 0.0866 08.65
ICICI Pru LT Equity Fund (Tax Saving)(G)-Direct Plan Equity - Tax Saving 407.31 4.6000 10.72
ICICI Pru Large & Mid Cap Fund(G) Equity - Large Cap 325.45 3.4400 07.33
ICICI Pru Large & Mid Cap Fund(G)-Direct Plan Equity - Large Cap 347.09 3.6700 08.26
ICICI Pru Liquid Fund(B)-Direct Plan Debt - Liquid 145.97 0.0226 06.84
ICICI Pru Liquid Fund(D) Debt - Liquid 145.18 0.0222 06.76
ICICI Pru Liquid Fund(D)-Direct Plan Debt - Liquid 145.61 0.0225 06.84
ICICI Pru Liquid Fund(DP)-Direct Plan Debt - Liquid 145.61 0.0225 06.84
ICICI Pru Liquid Fund(G) Debt - Liquid 287.4 0.0439 06.76
ICICI Pru Liquid Fund(G)-Direct Plan Debt - Liquid 288.58 0.0446 06.84
ICICI Pru Liquid Fund-Inst(G) Debt - Liquid 453.05 0.0651 06.38
ICICI Pru Liquid Fund-Inst-1(G) Debt - Liquid 269.97 0.0395 06.47
ICICI Pru Liquid Fund-Ret(G) Debt - Liquid 441.73 0.0634 06.38
ICICI Pru Money Market Fund(B)-Direct Plan Debt - Liquid 147.43 0.0304 08.29
ICICI Pru Money Market Fund(G) Debt - Liquid 272.49 0.0552 08.15
ICICI Pru Money Market Fund(G)-Direct Plan Debt - Liquid 274.12 0.0564 08.28
ICICI Pru Money Market-Ret(G) Debt - Liquid 299.55 0.0580 07.79
ICICI Pru Multi-Asset Fund(G)-Direct Plan Equity - Large Cap 286.38 2.8056 09.91
ICICI Pru Multicap Fund(G) Equity - Multi Cap 291.83 3.0500 06.84
ICICI Pru Multicap Fund(G)-Direct Plan Equity - Multi Cap 309.98 3.2300 07.87
ICICI Pru Savings Fund(B) Debt - Ultra Short Term 151.63 0.0270 08.99
ICICI Pru Savings Fund(D) Debt - Ultra Short Term 151.86 0.0270 08.99
ICICI Pru Savings Fund(D)-Direct Plan Debt - Ultra Short Term 153.25 0.0269 09.12
ICICI Pru Savings Fund(DP)-Direct Plan Debt - Ultra Short Term 153.25 0.0269 09.12
ICICI Pru Savings Fund(G)-Direct Plan Debt - Ultra Short Term 382.92 0.0673 09.12
ICICI Pru Savings Fund-Ret(G) Debt - Ultra Short Term 215.9 0.0427 08.20
ICICI Pru Sensex ETF Equity - ETF 430.49 3.5597 14.82
ICICI Pru Value Discovery Fund(G)-Direct Plan Equity - Multi Cap 149.19 1.5300 03.47
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The Export and Other Services fund offered by ICICI Prudential is a mutual fund that seeks to invest in service oriented sectors. The aim of the fund is to provide a solution for wealth creation over a long term. It offers no entry loan and allows investors to invest either in lump sums or through systematic investment plans. It also provides opportunities to create standing instructions for systematic withdrawals and transfer of units from one scheme to another.

Type or nature of fund

This is an open-ended equity fund.

Investment objective

The objective of this fund is to provide long term returns through investments in the service and export sectors. To that end it adopts various approaches to investments and research techniques to selectect the stocks that the fund can invest in.

Fund information

Inception date 30 Nov 2005
CRISIL rank 1 as of June 2015
Plans Regular and Direct
Options Growth and Dividend. This plan also offers the default option of dividend reinvestment.
Schemes
  • ICICI Prudential Export and Other Services Fund - Direct Plan - Dividend
  • ICICI Prudential Export and Other Services Fund - Direct Plan - Growth
  • ICICI Prudential Export and Other Services Fund - Regular Plan - Dividend
  • ICICI Prudential Export and Other Services Fund - Regular Plan - Growth
Entry load Nil however if the scheme is purchased through a distributor then the investor may have to pay the distributor a commission.
Exit load 1% if the amount being withdrawn or switched is been invested for less than a year.
Minimum investment
  • Rs. 5,000 for new investments.
  • Rs. 1,000 for additional investments
SIP
  • Rs. 1,000 along with 5 post dated cheques for monthly SIPs.
  • Rs. 5,000 along with 3 post dated cheques for quarterly SIPs.
Product label
  • The risk rating for this fund is High.
  • It is targeted at those looking for long term wealth creation and are ok with high risks.
Benchmark CNX Nifty CNX Nifty is the benchmark for the National Stock Exchange when it comes to the equity markets. It is computed based on the free floating methodology.
SWP The minimum amount that can be withdrawn through an SWP is Rs. 500 with increments in multiples of Re. 1.
STP
  • Minimum amount for STP is Rs. 1,000.
  • The maximum tenure is 10 years.
Redemption The minimum amount that can be redeemed is Rs. 500 with increments in multiples of Re. 1.
 

Fund manager(s)

Yogesh Bhatt

  • Education: ACA and CWA
  • Past experience:
    • Senior Fund Manager MF Equity, ICICI Prudential AMC Ltd
    • Fund Manager - International advisory, ICICI Prudential AMC Ltd
    • Dealer, ICICI Prudential AMC Ltd.
    • Equity Dealer/ Strategist, Sushil Finance Consultants Ltd.
  • Other funds managed
    • ICICI Prudential Infrastructure Fund
    • ICICI Prudential Balanced Fund – Equity Portion
    • ICICI Prudential Top 200 Fund
    • ICICI Prudential Growth Fund – Series 2
    • ICICI Prudential Growth Fund – Series 4
    • ICICI Prudential Growth Fund – Series 5
    • ICICI Prudential Growth Fund – Series 6

Investment philosophy or strategy

The investment philosophy followed in this fund is a mix of both top-down and bottom-up investigation. With one approach the fund chooses stocks based on an analysis of the policies, trend and economic factors while with the other it it will employ fundamentals to find stocks that promise growth and scalability.

Portfolio

Company/Sector Investment
Pharmaceuticals
  • Dr. Reddy's Laboratories Ltd. 8.45%
  • Natco Pharma Ltd. 5.54%
  • Cipla Ltd. 5.43%
  • IPCA Laboratories Ltd. 5.00%
  • Sun Pharmaceutical Industries Ltd. 4.91%
  • Alembic Pharmaceuticals Ltd. 4.20%
  • Unichem Laboratories Ltd. 3.21%
  • Lupin Ltd. 3.03%
  • Sanofi India Ltd. 2.83%
46.14%
Software
  • Wipro Ltd. 6.93%
  • Infosys Ltd. 6.71%
  • HCL Technologies Ltd. 3.31%
  • Tech Mahindra Ltd. 2.78%
  • Tata Consultancy Services Ltd. 2.05%
  • NIIT Ltd. 1.99%
30.69%
Short Term Debt & Net Current Assets 6.28%
Pesticides
  • PI Industries Ltd. 3.62%
3.62%
Auto Ancillaries
  • Motherson Sumi Systems Ltd. 3.53%
3.53%
Industrial Products
  • Bharat Forge Ltd. 3.41%
3.41%
Construction Project
  • Ashoka Buildcon Ltd. 1.40%
1.40%
Media & Entertainment
  • Inox Leisure Ltd. 0.98%
0.98%

Risk measures

Sharpe ratio 2.60
Alpha  
Portfolio beta 0.37
Std deviation 12.95% (annual)
 

Performance

Sharpe ratio 2.60
Alpha  
Portfolio beta 0.37
Std deviation 12.95% (annual)
 

Returns

   2014-2015 (Absolute Returns) 2013-2014 (Absolute Returns) 2012-2013 (Absolute Returns) Compound Annual Growth Rate (Since Inception)
Scheme 33.81% 64.1% 23.04% 16.67%
NIFTY 9.95% 30.28% 10.67% 12.73%
NAV (in Rs.) 32.77 19.97 16.23 -
 

The fund has performed in such a manner, as of June 2015, that if Rs. 10,000 was invested in it at the time of inception, its current value would be Rs. 43,850. If the same had been invested in the benchmark then the value would have been 31,552.46.

Expert view of the fund

The fund has been performing well over last few years and has been giving returns and has been in the list of top 5 funds. Its performance even during the slump in other sectors, this fund did manage to provide 8% returns which was much higher than many other funds. This fund invests in both IT and ITES along with other sectors like media and entertainments also. Its performance has put this fund at par with funds that focus more on the US markets.

How to apply

To invest in this fund, investors can either do so offline or online, through the company's website. For the offline option, investors will have to visit the branch where they can ask for a detailed explanation of the fund and get assistance with the forms and other formalities. The same assistance can also be availed at the office of the approved distributors of this fund.

To apply online, investors will have to visit the company's website where they can log in as new or existing investors. Once logged in, they can invest in this fund and decide to either do it in lump sums or in monthly/quarterly SIPs. The payments for the mutual fund investment can either be made by cheque or by demand draft. They can also be made using NEFT/RTGS transfers or debit cards.

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