ICICI Prudential Select Large Cap Fund

ICICI Pru Select Large Cap Fund-Inst Opt I(G)
Dividend Yearly
NA
Category
Equity - Large Cap
52-week NAV high
 
52-week NAV low
 
Expense
2.19% 

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns - - - - - - - - -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
May 28, 2009
Last Dividend
NA
Minimum Investment
100000

The ICICI Prudential Select Large Cap Fund, as the name suggests, is a fund that invests primarily in large cap stocks. These stocks could be those of companies such as Tata Motors or ITC Ltd. It is ideal for those who are looking to create wealth over a period of time and also offers investors the opportunity to withdraw based on triggers. It also offers systematic investments plan options along with a minimum investment amount of just Rs. 5,000. It also has no entry load and does allow for investors to withdraw a minimum of at least Rs. 500.

Type or nature of fund

This is an open-ended diversified equity fund.

Investment objective

The objective of this fund is to offer the opportunity for long term wealth creation without a very high risk to the investment. It also aims to invest in large cap stocks of companies that have a proven record in the market.

Fund information

Inception date 28 May 2009
CRISIL rank 4, as of June 2015
Plans Regular and Direct
Options Growth and Dividend
Schemes
  • ICICI Prudential Select Large Cap Fund - Direct Plan - Dividend
  • ICICI Prudential Select Large Cap Fund - Direct Plan - Growth
  • ICICI Prudential Select Large Cap Fund - Regular Plan - Dividend
  • ICICI Prudential Select Large Cap Fund - Regular Plan - Growth
Entry load None
Exit load 1% if the amount being withdrawn or switched has been invested for less than 1 year.
Minimum investment
  • For new investments it is Rs. 5,000.
  • For additional investments in existing portfolios, it is Rs. 1,000.
Both investments amounts can be incremented in multiples of Re. 1
SIP
  • For monthly SIP it is Rs. 1,000
  • For quarterly SIP it is Rs. 5,000
Product label
  • The risk factor in this fund is Moderately High.
  • It is meant for those who are looking for long term returns through investments in large cap companies.
Benchmark CNX Nifty CNX Nifty, or Nifty, is an index that is used by the NSE as a benchmark for equities. The computation of this index is based on the free floating methodology and it covers 22 sectors.
SWP Not applicable
STP Only STP In will be available.
Redemption The minimum amount that can be withdrawn from this fund is Rs. 500. Any withdrawal higher than that can be in multiples of Re. 1.
 

Fund manager(s)

Vinay Sharma

  • Education: MBA from IIM Calcutta and CFA from AIMR USA
  • Past experience:
    • ICICI Prudential Asset Management Limited – PMS Fund Manager
    • ICICI Prudential Asset Management Limited – Equity Analyst
    • AIG Global Asset Management India Limited - Equity Analyst -
    • J.P.Morgan India Private Limited - Equity Analyst
  • Other funds managed
    • ICICI Prudential Dividend Yield Equity Fund
    • ICICI Prudential Multiple Yield Funds
    • ICICI Prudential Capital Protection Oriented Funds
    • 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 that is followed in this investments is to analyse the fundamentals and to watch the trends in the domestic economy to identify stocks and sectors to invest in. It also uses exit triggers of 12%, 20%, 50% and 100% to determine the time time to withdraw the gains and/or entire investment or switch it to another fund.

Portfolio (As of June 30, 2015)

Company/Sector Investment
Banks
  • HDFC Bank Ltd. 9.38%
  • ICICI Bank Ltd. 6.01%
  • The Federal Bank Ltd. 5.72%
  • Axis Bank Ltd. 4.04%
  • Punjab National Bank 3.49%
28.65%
Software
  • HCL Technologies Ltd. 5.77%
  • Wipro Ltd. 5.69%
  • Infosys Ltd. 4.86%
  • Tech Mahindra Ltd. 3.74%
20.06%
Auto
  • Tata Motors Ltd. 7.11%
  • Tata Motors Ltd. - Futures 0.79%
  • Hero Motocorp Ltd. 4.75%
  • Maruti Suzuki India Ltd. 3.48%
15.34%
Power
  • Power Grid Corporation Of India Ltd. 9.89%
9.89%
Construction Project
  • Larsen & Toubro Ltd. 5.63%
5.63%
Consumer Non Durables
  • ITC Ltd. 3.43%
  • Tata Global Beverages Ltd. 1.69%
5.12%
Non - Ferrous Metals
  • Hindustan Zinc Ltd. 5.05%
5.05%
Cement
  • Grasim Industries Ltd. 4.86%
4.86%

Risk measures

Sharpe ratio 0.79
Alpha  
Portfolio beta 0.98
Std deviation 14.12% annual
 

Performance

AUM Rs. 543.24 crores (As of June 30, 2015)
NAV (As of June 30, 2015)
  • Regular Plan Growth Option: Rs. 22.68
  • Regular Plan Dividend Option: Rs. 17.47
  • Direct Plan Growth Option: Rs. 23.09
  • Direct Plan Dividend Option: Rs. 23.09
Expense ratio
  • ICICI Prudential Select Large Cap Fund Direct Plan - 0.95
  • ICICI Prudential Select Large Cap Fund Regular Plan
    • First 100 crores of daily net assets - 2.5%
    • Next 300 crores of daily net assets - 2.25%
    • Next 300 crores of daily net assets - 2%
    • Balance daily net assets - 1.75%
    • Additional charge of a maximum 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 12.06% 40.62% 8.33% 14.38%
NIFTY 9.95% 30.28% 10.67% 11.39%
NAV (in Rs.) 20.24 14.43 13.32 -

If an investor had invested a sum of Rs. 10,000 in this fund when the fund was first introduced, and assuming that the NAV is Rs. 10, this fund would today be valued at about Rs. 22,680. This performance is higher than what would have been achieved, Rs. 19,295, had the investment been made in the markets.

Expert view of the fund

This is a plan for those who don’t a bit of a risk in the portfolio without it becoming too much. It is also a fund that has been introduced keeping long term capital gains in mind. The fund, with the exception of 2012-13, has consistently outperformed the Nifty index thus proving that it is providing fair returns on the investments. It has even provided and annual compound growth of about 14% since inception. It is targeted at those who are looking for a long term health solution without too much of a risk to the investment.

How to apply

To be able to invest this fund, investors have two choices. The first is to visit the ICICI Prudential website, where both new and existing investors can register and get the opportunity to invest in this fund via a lump sum investment or an SIP. The payments for this fund too can be made online through debit cards, cheques, demand drafts and NEFT/RTGS transfers.

The other way to invest in this fund is to visit the ICICI Prudential branches where the representatives of the company will be able to help investors understand the funds better and also be able to get help with understanding the funds better.

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