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ICICI Pru FMCG Fund(D)

ICICI Pru FMCG Fund(D)
Dividend Yearly
6.50  (As on 20-02-2019)
Category
Equity - FMCG
52-week NAV high
256.94  (As on 31-08-2018)
52-week NAV low
216.54  (As on 09-10-2018)
Expense
2.5%  (As on 31-03-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns 2.54 1.51 7.43 5.73 13.20 14.40 9.98 14.21 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Dividend
Bonus
NA
Launch Date
Jun 07, 1999
Last Dividend
6.50
Minimum Investment
5000

ICICI Prudential Asset Management Company Ltd. has been formed as a joint venture between ICICI Bank, one of the largest private lenders in India, and Prudential Plc., leading financial services firm in the UK. This well-established mutual fund company has its presence in around 200 places across the nation. With more than 3 million investors as of March 2018, ICICI Prudential has Rs.3,10,061 crore of assets under management as per the record till June 2018. It offers a wide variety of investment options falling under the following categories – equity funds, debt funds, hybrid funds, and others.

ICICI Prudential FMCG Fund-Growth is an open-ended scheme which makes investments in the equity and equity-linked instruments of companies that belong to the Fast Moving Consumer Goods (FMCG) industry. The dividend plan of this mutual fund scheme provides regular income to the investors along with capital growth over the investment tenure. This investment option is ideal for investors who want to generate a consistent flow of money while also growing their capital in the long term. Individuals who have opted for the dividend payout option under this scheme will keep on receiving dividend payout in their bank account time to time. Alternately, investors can also reinvest the dividends in the scheme or transfer the amount from one scheme to another.

Investment Objective of ICICI Prudential FMCG Fund

The main purpose of the ICICI Prudential FMCG Fund is to produce returns for offering regular dividend payments to the investors while also generating capital appreciation across a long investment tenure via investing in the stocks of companies which are a part of the FMCG sector.

Key Features of ICICI Prudential FMCG Fund

These are the key features that the ICICI Prudential FMCG Fund has to offer to its investors:

Type of fund

An open-ended equity mutual fund scheme which makes investments in the stocks of FMCG firms

Plans available

Growth

Dividend – Payout and Reinvestment

Options under each plan

Under the Dividend investment option, this scheme offers both Dividend Payout and Dividend Reinvestment option

Risk

High

Systematic Investment Plan

Available

Systematic Transfer Plan

Available

Systematic Withdrawal Plan

Available

Investment amount for ICICI Prudential FMCG Fund

Minimum Application Amount

Rs.5,000 and in multiples of Re.1 thereafter

Minimum Additional Investment

Rs.1,000 and in multiples of Re.1 thereafter

Minimum installment for Systematic Investment Plan (SIP)

Rs.1,000

Minimum installment for Systematic Withdrawal Plan (SWP)

Rs.500

Entry Load

Not Applicable

Exit Load

1% exit load will be applicable if the units are redeemed before the completion of 1 year from the date of allotment.

No exit load will be applicable on redemption of units after the completion of 1 year from the date of allotment.

Asset Allocation for ICICI Prudential FMCG Fund

Instruments

Allocations (Percentage of total assets)

Risk Profile

Minimum

Maximum

Equity and equity-linked instruments of FMCG companies

80%

100%

High

Equities and equity-linked instruments of companies not engaged in FMCG sector

0%

20%

Medium to High

Debt and money market instruments

0%

20%

Low to Medium

Who can invest in ICICI Prudential FMCG Fund?

Here are the individuals/entities who can subscribe to the units of ICICI Prudential FMCG Fund for investment purpose:

  • Indian residents who are above 18 years of age either singly or jointly (not more than 3 persons)
  • The parent or legal guardian of minors who are below 18 years on their behalf
  • Non-Resident Indians (NRIs) or Persons of Indian Origin (PIO)/ on the basis of repatriation or non-repatriation
  • Hindu Undivided Families (HUFs) via their Karta
  • Companies, firms, and corporate bodies which have registrations in India
  • Proprietorship which is solely owned by an individual proprietor
  • Partnership firms which are registered in any one of the partner’s name
  • Association of Persons or Body of Individuals
  • Universities, educational institutions, and educational organisations
  • Foreign Portfolio Investors registered with the Securities and Exchange Board of India
  • Scientific and Industrial Research Organisations
  • Religious organisations, Charitable Trusts, Wakfs, or endowments of private trusts
  • International Multilateral Agencies which are permitted to invest in mutual funds by the RBI and the Government of India
  • Military forces including Army, Air Force, Navy, and other paramilitary forces
  • Pensions/Gratuity/Provident Funds are allowed up to a certain extent
  • Banks together with Regional Rural Banks and Co-operative Banks, and financial organisations
  • AMC/Trustee or Sponsor or their associates
  • Mutual fund schemes which are registered with the Securities and Exchange Board of India (SEBI)

NAV Disclosure and Benchmark for ICICI Prudential FMCG Fund

NAV: The Net Asset Value or NAV of a mutual fund scheme is the value of each unit of the scheme by the end of every working day. The value of investments can be determined with the help of the NAV. For determining the value of his/her investment an investor has to multiply the existing NAV of the scheme with the unit balance.

To calculate the Net Asset Value (NAV) of the units of ICICI Prudential FMCG Fund, the net assets of the plan have to be divided by the total number of units which are outstanding on the date of valuation. The calculations should be done as per the valuations terms specified by the Securities and Exchange Board of India (SEBI). The NAVs are calculated up to 2 decimals. The NAV of the units of this fund scheme are calculated and revealed on the official website of ICICI Prudential Mutual Fund at www.icicipruamc.com and also on the AMFI website at www.amfiindia.com by the end of every business day before 9:00 p.m. The disclosed NAV of the scheme is also printed in 2 daily newspapers which are widely distributed across the country.

Liquidity: Since the ICICI Prudential FMCG Fund is an open-ended scheme in nature, the sales and redemptions of the units of this scheme can be conducted on any business day at the existing NAV prices of that particular day subject to pertinent loads. Typically, the redemption proceeds are dispatched within 10 business days from the redemption date.

Benchmark Index: The benchmark index of the ICICI Prudential FMCG Fund is NIFTY FMCG Index. The performance of the scheme in the stock market is compared to the performance of its benchmark index NIFTY FMCG for evaluating its profits and losses against its benchmark.

Fund Manager for ICICI Prudential FMCG Fund

Mr. Atul Patel who has a rich experience of 8 years in equity investments is professionally managing the ICICI Prudential FMCG Fund since January 2018. He has been working with ICICI Prudential Asset Management Company Ltd. since July 2009 and other than this fund he also manages the ICICI Prudential Smallcap Fund, ICICI Prudential Multicap Fund, ICICI Prudential Growth Fund-Series 1, Series 7, etc.

Investment Restrictions on ICICI Prudential FMCG Fund

As per the guidelines of the Securities and Exchange Board of India (SEBI), these investment restrictions will be applicable to the ICICI Prudential FMCG Fund investors:

  • The scheme cannot invest more than 10% of its NAV in debt instruments comprising money and non-money market instruments having higher credit rating than the investment grade and that have been issued by an individual issuer. However, this restriction is not applicable to the government securities, treasury bills, and Collateralised Borrowing and Lending Obligation (CBLO) investments.
  • The scheme is not permitted to invest more than 10% of its NAV in unrated debt instruments issued by an individual issuer. In such cases, the total investment shouldn’t be more than 25% of the NAV of the scheme.
  • Even though the scheme is permitted to invest in other schemes of the same fund house or any other fund house without any chargeable fees, the combined investment should not be more than 5% of the NAV of the fund house. However, no investment management fee will be charged on investments done in a different scheme of the fund or in schemes of different mutual funds.
  • Selling and purchase of instruments can be delivery-based and in all cases of purchase and sale, acceptable securities need to be delivered.
  • The scheme cannot own more than 10% of the paid-up capital of any firm which is carrying voting rights.
  • Under this scheme, the investors are not allowed to invest in Fund of Funds.
  • ICICI Prudential FMCG Fund doesn’t have the permission to invest in securities issued by a group company or associate of the sponsor through private placement, securities that are unlisted by a group company or associate of the sponsor, and securities that are listed by sponsor’s group companies more than 25% of the net assets.
  • Open-ended schemes with unlisted equity or equity-related instruments don’t have the eligibility to invest more than 5% of the scheme’s NAV.
  • Schemes having security totaling to Rs.10 crore can make transactions only by means of dematerialised securities. As such, all transactions that are related to government securities must be in the dematerialised form.

Note - The above-mentioned restrictions will only be applicable at the time of investing in the fund.

Dividend Policy of ICICI Prudential FMCG Fund

The Trustee of the scheme has the right to declare the dividends for the unitholders whose names are present in the register of unitholders on the record date as per the availability of the net surplus assets. The amount and how often it will be distributed is also decided by the Trustee. The dividend is distributed within 30 days from the date of declaration. If there is more than one unitholder, the first holder as per the application form, will be provided with the dividend. For dividend payout the minimum amount should be Rs.100 (net of dividend distribution tax and other statutory levies, if any), otherwise, the dividend will automatically get reinvested.

Distribution of dividend - If the investor has chosen the dividend payout option the dividends will be distributed to the unitholders by cheque after calculating the net of taxes as applicable. The payment is also made directly to the registered bank account of the investors through electronic modes of payment. The unitholder mandatorily needs to provide bank account details in the application form to prevent loss or theft of the dividends. The unitholder can also opt to reinvest the declared dividend in the scheme by opting for the ‘Dividend Reinvestment’ option. Alternately, he/she can transfer the declared dividend from the source schemes to the target schemes.

Other Facilities under ICICI Prudential FMCG Fund

Besides offering the above-mentioned investment benefits to the investors, the ICICI Prudential FMCG Fund also offers several other facilities to the investors which are as follows:

  • Systematic Investment Plan (SIP)
  • SIP Plus
  • Systematic Transfer Plan (STP)
  • Flex STP
  • Systematic Withdrawal Plan (SWP)
  • Dividend Transfer Plan (DTP)

Why should you invest in ICICI Prudential FMCG Fund?

  • Easy and fast online investment: The online process of investing in the scheme is fast and easy. Whether you want to sell/switch your fund units or change your dividend preferences, all transactions can go paperless. Moreover, you can also track or monitor your investments, regularly check your portfolio's current value, cost of investment, and annual returns through the online portal.
  • Expert guidance at every step: When you invest in the ICICI Prudential FMCG Fund scheme, you will be assisted by its experienced fund manager. From designing your portfolio as per your objective and risk appetite, managing risk, and generating high returns, he will assist you at every step. Thus, you can be stress-free knowing that your hard-earned money is in the right hands.
  • Provides a variety of investment options: This scheme offers a variety of investment options to the unitholders. You can either opt for the regular or the direct plan while subscribing to this scheme. Under these investment plans, you can again choose from the growth and dividend investment option based on your needs.
  • Plenty of extra features: This scheme offers additional features like the SIP Plus and the SIP Pause under the SIP investment plan. Moreover, it also has the DTP facility which allows the investors to transfer the dividend payment/reinvestment or appreciation from the source schemes to the target schemes. The ICICI Prudential FMCG Fund is a target scheme under this facility.

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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.

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