ICICI Prudential Infrastructure Fund

NAV Date 12-12-2019
Fund Name Category NAV NAV Change 1 year %
ICICI Pru Balanced Advantage Fund(G) Hybrid - Equity Oriented 37.59 0.1000 10.79
ICICI Pru Bluechip Fund(G) Equity - Large Cap 43.67 0.1900 09.86
ICICI Pru Equity & Debt Fund(G) Hybrid - Equity Oriented 136.9 0.8500 09.11
ICICI Pru LT Equity Fund (Tax Saving)(D) Equity - Tax Saving 19.6 0.1000 06.07
ICICI Pru Midcap Fund(G) Equity - Mid Cap 93.15 0.5900 -00.72
ICICI Pru Multi-Asset Fund(G) Equity - Large Cap 270.64 1.5610 07.37
ICICI Pru Savings Fund(G) Debt - Liquid 380.07 0.0362 08.85
ICICI Pru Short Term Fund(G) Debt - Short Term Income 41.05 0.0021 09.61
ICICI Pru Value Discovery Fund(G) Equity - Large Cap 139.65 0.3800 00.85
ICICI Pru Child Care Fund-Gift Plan Hybrid - Equity Oriented 143.01 0.3000 08.01
ICICI Pru Child Care Fund-Gift Plan-Direct Plan Hybrid - Equity Oriented 151.05 0.3200 08.92
ICICI Pru Equity & Debt Fund(G)-Direct Plan Hybrid - Equity Oriented 147.27 0.9200 09.85
ICICI Pru FMCG Fund(G) Equity - FMCG 245.59 0.8400 05.43
ICICI Pru FMCG Fund(G)-Direct Plan Equity - FMCG 258.71 0.8900 06.53
ICICI Pru Floating Interest Fund(B) Debt - Ultra Short Term 148.65 0.0182 08.54
ICICI Pru Floating Interest Fund(D) Debt - Ultra Short Term 148.6 0.0181 08.50
ICICI Pru Floating Interest Fund(D)-Direct Plan Debt - Ultra Short Term 152.37 0.0217 09.72
ICICI Pru Floating Interest Fund(DP) Debt - Ultra Short Term 148.6 0.0181 08.50
ICICI Pru Floating Interest Fund(DP)-Direct Plan Debt - Ultra Short Term 152.37 0.0217 09.72
ICICI Pru Floating Interest Fund(G) Debt - Ultra Short Term 294.28 0.0360 08.50
ICICI Pru Floating Interest Fund(G)-Direct Plan Debt - Ultra Short Term 309.44 0.0441 09.35
ICICI Pru Floating Interest Fund-Option A(G) Debt - Ultra Short Term 294.63 0.0361 08.51
ICICI Pru Floating Interest Fund-Option B(G) Debt - Ultra Short Term 318.13 0.0390 08.51
ICICI Pru LT Equity Fund (Tax Saving)(G)-Direct Plan Equity - Tax Saving 408.67 1.9900 08.98
ICICI Pru Large & Mid Cap Fund(G) Equity - Large Cap 325.21 1.8900 05.23
ICICI Pru Large & Mid Cap Fund(G)-Direct Plan Equity - Large Cap 346.88 2.0200 06.13
ICICI Pru Liquid Fund(B)-Direct Plan Debt - Liquid 146.1 0.0210 06.80
ICICI Pru Liquid Fund(D) Debt - Liquid 145.31 0.0206 06.72
ICICI Pru Liquid Fund(D)-Direct Plan Debt - Liquid 145.75 0.0209 06.80
ICICI Pru Liquid Fund(DP)-Direct Plan Debt - Liquid 145.75 0.0209 06.80
ICICI Pru Liquid Fund(G) Debt - Liquid 287.66 0.0406 06.72
ICICI Pru Liquid Fund(G)-Direct Plan Debt - Liquid 288.84 0.0414 06.80
ICICI Pru Liquid Fund-Inst(G) Debt - Liquid 453.43 0.0599 06.34
ICICI Pru Liquid Fund-Inst-1(G) Debt - Liquid 270.2 0.0365 06.43
ICICI Pru Liquid Fund-Ret(G) Debt - Liquid 442.1 0.0585 06.34
ICICI Pru Money Market Fund(B)-Direct Plan Debt - Liquid 147.58 0.0225 08.26
ICICI Pru Money Market Fund(G) Debt - Liquid 272.76 0.0405 08.12
ICICI Pru Money Market Fund(G)-Direct Plan Debt - Liquid 274.4 0.0417 08.25
ICICI Pru Money Market-Ret(G) Debt - Liquid 299.83 0.0418 07.77
ICICI Pru Multi-Asset Fund(G)-Direct Plan Equity - Large Cap 286.67 1.6598 08.17
ICICI Pru Multicap Fund(G) Equity - Multi Cap 291.75 1.8500 05.56
ICICI Pru Multicap Fund(G)-Direct Plan Equity - Multi Cap 309.94 1.9700 06.58
ICICI Pru Savings Fund(B) Debt - Ultra Short Term 151.63 0.0145 08.85
ICICI Pru Savings Fund(D) Debt - Ultra Short Term 151.87 0.0145 08.85
ICICI Pru Savings Fund(D)-Direct Plan Debt - Ultra Short Term 153.25 0.0150 08.98
ICICI Pru Savings Fund(DP)-Direct Plan Debt - Ultra Short Term 153.25 0.0150 08.98
ICICI Pru Savings Fund(G)-Direct Plan Debt - Ultra Short Term 382.93 0.0374 08.98
ICICI Pru Savings Fund-Ret(G) Debt - Ultra Short Term 215.88 0.0163 08.06
ICICI Pru Sensex ETF Equity - ETF 431.94 1.7984 14.59
ICICI Pru Value Discovery Fund(G)-Direct Plan Equity - Multi Cap 148.88 0.4100 01.49
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The Infrastructure Fund offered by ICICI Prudential is a fund that invest not only in the infrastructure sector but also in other sectors whose performance is related directly to the performance of the infrastructure sector. The returns potential of this fund is long term and is ideal for those who are willing to take a lot of risk with their investments. The investments in this fund are made mainly in equities.

Type or nature of fund

This is an open ended equity fund

Investment objective

The objective of this fund is to take advantage of the potential of the infrastructure sector of India and make investments that will provide returns in the long term. For this reason not only does the fund invest directly in infrastructure but also in the sectors that directly benefit from it.

Fund information

Inception date 31 August 2005
CRISIL rank 4 as of June 2015
Plans Regular and Direct
Options Growth and Dividend
Schemes

•ICICI Prudential Infrastructure Fund - Direct Plan - Dividend

•ICICI Prudential Infrastructure Fund - Direct Plan - Growth

•ICICI Prudential Infrastructure Fund - Regular Plan - Dividend

•ICICI Prudential Infrastructure Fund - Regular Plan - Growth

Entry load Nil however if the plan is taken through a distributor then an upfront commision may be paid by the investor to the distributor.
Exit load 1% if the amount being redeemed or switched has been invested for less than a year. No exit load is applied if the amount has been invested for more than a year.
Minimum investment

•Rs. 5,000 for first time investors in this fund. Increments can be in multiples of Re. 1

•Rs. 1,000 in case of additional investment by existing investors.

SIP

•Rs. 1,000 and 5 post dated cheques for monthly instalments.

•Rs. 5,000 and 3 post dated cheques for quarterly investments.

Product label

•The risk factor for this fund is High

•The ideal investor for this fund is someone looking for returns over a long term through investment in infrastructure.

Benchmark

CNX NIFTY Index

CNX NIFTY or Nifty 50 or Nifty is a free floating market capitalisation weighted index and is owned by India Index Services and Products. It covers 22 sectors from the Indian economy and also includes ETFs and exchange traded futures and options.

SWP Any systematic withdrawals in this plan have to be of a minimum amount of Rs. 500. They can be incremented in multiples of Re. 1.
STP Available
Redemption The minimum amount that can be withdrawn is Rs. 500 and multiples of it.

Fund manager(s)

Yogesh Bhatt

  • Education: ACA, Grad. 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 Balanced Fund – Equity Portion
    • ICICI Prudential Top 200 Fund
    • ICICI Prudential Exports and Other Services 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 philosophy with which this investment is made up of a “Top-Down” macro and “Bottom-Up” micro research which allows for investments to be made in sectors and companies that promise good growth in the future.

Portfolio

Sector Investment
Construction Project

•Larsen & Toubro Ltd. 8.00%

•Sadbhav Engineering Ltd. 3.40%

•Ashoka Buildcon Ltd. 1.57%

•Supreme Infrastructure India Ltd. 1.27%

•GMR Infrastructure Ltd. 1.21%

•Gammon Infrastructure Projects Ltd. 0.95%

16.39%
Power

•Power Grid Corporation Of India Ltd. 5.19%

•Kalpataru Power Transmission Ltd. 3.79%

•NTPC Ltd. 2.27%

•CESC Ltd. 1.46%

13.76%
Banks

•State Bank Of India 6.51%

•ICICI Bank Ltd. 5.64%

•IndusInd Bank Ltd. 1.52%

13.67%
Industrial Capital Goods

•Crompton Greaves Ltd. 2.84%

•Siemens Ltd. 1.96%

•ABB India Ltd. 1.15%

•Triveni Turbine Ltd. 1.02%

•Bharat Heavy Electricals Ltd. 0.58%

•Bharat Heavy Electricals Ltd. - Futures 4.63%

7.87%
Short Term Debt & Net Current Assets 6.85%
Transportation

•Gateway Distriparks Ltd. 2.19%

•Gujarat Pipavav Port Ltd. 1.82%

•Adani Ports and Special Economic Zone Ltd. 1.79%

5.8%
Industrial Products

•Cummins India Ltd. 3.36%

•Mahindra CIE Automotive Ltd. 1.33%

•WPIL Ltd. 0.68%

5.37%
Cement

•Birla Corporation Ltd. 2.42%

•Ultratech Cement Ltd. 1.30%

•ACC Ltd. 0.84%

4.57%
Petroleum Products

•Reliance Industries Ltd. 1.93%

•Hindustan Petroleum Corporation Ltd. 1.69%

3.63%
Construction

•ITD Cementation India Ltd. 1.50%

•KNR Constructions Ltd. 1.32%

•IRB Infrastructure Developers Ltd. 0.68%

3.50%

Risk measures

Sharpe ratio 0.55
Alpha  
Portfolio beta 0.81
Std deviation 21.65% (annual)

Performance

AUM Rs. 1754.70 crores (As of June 30, 2015)
NAV (As of June 30, 2015)

•Regular Plan Growth Option: Rs. 41.59

•Regular Plan Dividend Option: Rs. 15.64

•Direct Plan Growth Option: Rs. 42.25

•Direct Plan Dividend Option: Rs. 16.58

Expense ratio

•ICICI Prudential Infrastructure Fund - Direct Plan: 0.59

•ICICI Prudential Infrastructure Fund - Regular Plan:

  • First 100 crore - 2.5%
  • Next 300 crore - 2.25%
  • Next 300 crore - 2%
  • Balance - 1.75%
  • Additional charge of a max 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 9.36% 61.01% -4.72% 15.59%
NIFTY 9.95% 30.28% 10.67% 13.61%
NAV (in Rs.) 38.03 23.62 24.79 -

The growth in this fund has been such that if Rs. 10,000 had been invested in it at inception then its value today, assuming an NAV of about Rs. 10, would be Rs. 41,590 in the scheme. This is almost 6497 more than the returns provided by its benchmark. The returns provided by the benchmark would have been Rs. 35093.2.

Expert view of the fund

This is a fund that is ideal for anyone looking for long term returns and are ok with a high risk portfolio. This fund doesn't just invest only in the infrastructure but also in other sectors that are linked to it. This means that investments can even be made in sectors like oil and metals. This fund has underperformed its benchmark once in 2013-13 and in 2014-15 but it has also done very well in 2013-14 where its performance was almost double that of the benchmark. The stock selection that has happened thus far includes large cap companies and may ignore those that are perceived to have poor management and governance.

How to apply

To apply for this fund online, investors can visit the ICICI Prudential website and click on the tab meant for new and existing investors. The online portal allows investors to choose the funds they want to invest in and even their investment strategy, lump sum or SIP, and then make the payment. These payments can be made via online banking, NEFT/RTGS transfers and even via debit cards.

For others there is always the offline option where investors can approach the branch and fill out the appropriate forms to start investing. The branch can also put investors in touch with experts who can explain the investment in all it details and answer any questions that are put forth. Once all the formalities are completed, payments can be made towards the mutual fund via cheque or demand drafts.

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