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.
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.
|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.|
|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|Exit load||1% if the amount being withdrawn or switched is been invested for less than a year.|
|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|SWP||The minimum amount that can be withdrawn through an SWP is Rs. 500 with increments in multiples of Re. 1.|
|Redemption||The minimum amount that can be redeemed is Rs. 500 with increments in multiples of Re. 1.|
- 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.
- 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.
|Short Term Debt & Net Current Assets||6.28%|
Media & Entertainment
|Std deviation||12.95% (annual)|
|Std deviation||12.95% (annual)|
|2014-2015 (Absolute Returns)||2013-2014 (Absolute Returns)||2012-2013 (Absolute Returns)||Compound Annual Growth Rate (Since Inception)|
|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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