ICICI Prudential Export and Other Services Fund

NAV Date 08-04-2020
Fund Name Category NAV NAV Change 1 year %
ICICI Pru Balanced Advantage Fund(G) Hybrid - Equity Oriented 30.89 0.0100 -12.59
ICICI Pru Bluechip Fund(G) Equity - Large Cap 32.55 0.0100 -22.92
ICICI Pru Equity & Debt Fund(G) Hybrid - Equity Oriented 108.54 0.4700 -19.28
ICICI Pru LT Equity Fund (Tax Saving)(D) Equity - Tax Saving 14.0 0.0600 -26.05
ICICI Pru LT Equity Fund (Tax Saving)(G) Equity - Tax Saving 285.05 1.3900 -25.00
ICICI Pru Midcap Fund(G) Equity - Mid Cap 66.05 1.2600 -31.26
ICICI Pru Multi-Asset Fund(G) Equity - Large Cap 219.37 1.4175 -18.27
ICICI Pru Short Term Fund(G) Debt - Short Term Income 41.78 0.1546 08.05
ICICI Pru Value Discovery Fund(G) Equity - Large Cap 111.85 1.3500 -23.32
ICICI Pru FMCG Fund(G) Equity - FMCG 217.01 0.6700 -09.35
ICICI Pru FMCG Fund(G)-Direct Plan Equity - FMCG 228.98 0.7200 -08.62
ICICI Pru Floating Interest Fund(B) Debt - Ultra Short Term 151.04 0.3544 07.26
ICICI Pru Floating Interest Fund(D) Debt - Ultra Short Term 151.01 0.3543 07.26
ICICI Pru Floating Interest Fund(D)-Direct Plan Debt - Ultra Short Term 155.21 0.3610 08.26
ICICI Pru Floating Interest Fund(DP) Debt - Ultra Short Term 151.01 0.3543 07.26
ICICI Pru Floating Interest Fund(DP)-Direct Plan Debt - Ultra Short Term 155.21 0.3610 08.26
ICICI Pru Floating Interest Fund(G) Debt - Ultra Short Term 299.07 0.7016 07.26
ICICI Pru Floating Interest Fund(G)-Direct Plan Debt - Ultra Short Term 315.22 0.7332 08.06
ICICI Pru Floating Interest Fund-Option A(G) Debt - Ultra Short Term 299.43 0.7023 07.27
ICICI Pru Floating Interest Fund-Option B(G) Debt - Ultra Short Term 323.31 0.7582 07.27
ICICI Pru LT Equity Fund (Tax Saving)(G)-Direct Plan Equity - Tax Saving 305.34 1.4900 -24.47
ICICI Pru Large & Mid Cap Fund(G) Equity - Large Cap 239.73 3.1100 -26.18
ICICI Pru Large & Mid Cap Fund(G)-Direct Plan Equity - Large Cap 256.31 3.3400 -25.59
ICICI Pru Liquid Fund(B)-Direct Plan Debt - Liquid 148.77 0.0144 06.22
ICICI Pru Liquid Fund(D) Debt - Liquid 147.92 0.0138 06.14
ICICI Pru Liquid Fund(D)-Direct Plan Debt - Liquid 148.41 0.0143 06.22
ICICI Pru Liquid Fund(DP)-Direct Plan Debt - Liquid 148.41 0.0143 06.22
ICICI Pru Liquid Fund(G) Debt - Liquid 292.83 0.0274 06.14
ICICI Pru Liquid Fund(G)-Direct Plan Debt - Liquid 294.12 0.0285 06.22
ICICI Pru Liquid Fund-Inst(G) Debt - Liquid 461.11 0.0395 05.78
ICICI Pru Liquid Fund-Inst-1(G) Debt - Liquid 274.87 0.0244 05.88
ICICI Pru Liquid Fund-Ret(G) Debt - Liquid 449.59 0.0385 05.78
ICICI Pru Liquid Fund-Unclaimed Dividend Debt - Liquid 129.51 0.0127 06.27
ICICI Pru Money Market Fund(B)-Direct Plan Debt - Liquid 150.45 0.0724 07.29
ICICI Pru Money Market Fund(D) Debt - Liquid 141.72 0.0687 07.15
ICICI Pru Money Market Fund(D)-Direct Plan Debt - Liquid 142.4 0.0686 07.28
ICICI Pru Money Market Fund(DP)-Direct Plan Debt - Liquid 142.4 0.0686 07.28
ICICI Pru Money Market Fund(G) Debt - Liquid 277.94 0.1348 07.15
ICICI Pru Money Market Fund(G)-Direct Plan Debt - Liquid 279.71 0.1347 07.28
ICICI Pru Money Market-Ret(G) Debt - Liquid 305.19 0.1508 06.80
ICICI Pru Multi-Asset Fund(G)-Direct Plan Equity - Large Cap 232.86 1.5081 -17.74
ICICI Pru Multicap Fund(G) Equity - Multi Cap 210.87 1.0800 -28.66
ICICI Pru Multicap Fund(G)-Direct Plan Equity - Multi Cap 224.68 1.1600 -27.99
ICICI Pru Savings Fund(B) Debt - Ultra Short Term 154.13 0.2961 07.49
ICICI Pru Savings Fund(D) Debt - Ultra Short Term 154.37 0.2964 07.49
ICICI Pru Savings Fund(D)-Direct Plan Debt - Ultra Short Term 155.83 0.2989 07.60
ICICI Pru Savings Fund(DP)-Direct Plan Debt - Ultra Short Term 155.83 0.2989 07.60
ICICI Pru Savings Fund(G)-Direct Plan Debt - Ultra Short Term 389.36 0.7469 07.60
ICICI Pru Savings Fund-Ret(G) Debt - Ultra Short Term 218.92 0.4249 06.71
ICICI Pru Sensex ETF Equity - ETF 319.6 1.8509 -21.73
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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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