ICICI Prudential Manufacturing Fund Direct Growth
Equity
Direct
Equity - Other
NAV as on 05-09-2024
₹ 37.87
1D
Inception Returns
25.4%
/yr
About the Fund
ICICI Prudential Manufacturing Fund Direct Growth is an equity fund. This fund was started on 12 October, 2018. The fund is managed by Anish Tawakley. The fund could potentially beat inflation in the long-run.
Key Parameters
- ICICI Prudential Manufacturing Fund Direct Growth has ₹6621 Cr worth of assets under management (AUM) as on Jul 2024 and is more than category average.
- The fund has an expense ratio 0.7.
Returns
ICICI Prudential Manufacturing Fund Direct Growth has given a CAGR return of 25.43% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 58.89%, 29.95% and 31.26% respectively.
Holdings
ICICI Prudential Manufacturing Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Basic Materials, Industrial, Consumer Cyclical, Health, Energy, Utilities. Its top holdings are UltraTech Cement Ltd, Sun Pharmaceuticals Industries Ltd, Maruti Suzuki India Ltd, Larsen & Toubro Ltd, Cummins India Ltd
Taxation
As it is a equity - other mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of ICICI Prudential Manufacturing Fund Direct Growth
The investment objective of the scheme is to generate long term capital appreciation by creating a portfolio that is invested predominantly in equity and equity related securities of companies engaged in manufacturing theme. However there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. ICICI Prudential Manufacturing Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
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4202 people have invested ₹ 8.7Cr in ICICI Prudential Manufacturing Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
IND ranking is not available for this fund.
5Y returns in the top 25% of the category
Larger AUM within category
Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
Fund Overview
| Expense ratio | 0.66% |
Benchmark | Nifty India Manufacturing TR INR |
| AUM | ₹6621 Cr |
| Inception Date | 12 October, 2018 |
| Min Lumpsum/SIP | ₹5000/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 56.51% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (05-Sep-24)
Fund Distribution
as on (31-Jul-24)
Large cap
48.2%
Mid cap
30.5%
Small cap
18.9%
Sector Allocation
Basic Materials
35.6%
Industrial
25.3%
Consumer Cyclical
22%
Health
9.3%
Energy
5.8%
Utilities
2%
All changes are between May'24 and Jul'24
- This fund’s returns stands at 3.46% whereas the fund’s underlying benchmark Nifty 500 returns stands at 3.53% as on Jul'24
- This fund underperformed Nifty 500 by 0.07% in Jul'24
- AUM of the fund stands at 6.6K Cr as of Jul'24
- AUM increased by 661.4 Cr between Jul'24 and Jun'24
Top Stocks bought last month
Navin Fluorine International Ltd's allocation increased from 0.91% to 2.53%
Sun Pharmaceuticals Industries Ltd's allocation increased from 3.75% to 4.93%
Hindustan Aeronautics Ltd Ordinary Shares's allocation increased from 2.36% to 3.34%
Top Stocks sold last month
UltraTech Cement Ltd's allocation decreased from 7.24 % to 6.34 %
Maruti Suzuki India Ltd's allocation decreased from 5.75 % to 4.45 %
Larsen & Toubro Ltd's allocation decreased from 5.3 % to 4.03 %
Mid Cap allocation has gone down from 32.6% to 31.3%
Large Cap allocation has gone up from 48.1% to 49.3%
Small Cap allocation has gone up from 14.3% to 15.4%
Cash allocation has gone down from 5% to 2.3%
Top 3 Sectors in July were Basic Materials, Industrial & Consumer Cyclical
Jul'24
Basic Materials
36%
Industrial
25%
Consumer Cyclical
22%
Jun'24
Basic Materials
29%
Industrial
27%
Consumer Cyclical
22%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Hindustan Petroleum Corporation Ltd | 14.5% |
 Aurobindo Pharma Ltd | 9.1% |
 Sun Pharmaceuticals Industries Ltd | 6.5% |
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Anish Tawakley
Fund Manager of ICICI Prudential Manufacturing Fund Direct Growth, since 6 October 2018
Top funds managed
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹6.26L Cr
as on 31-Jul-2024
Address
ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)
Phone
+912226428000
Website
enquiry@icicipruamc.com
Mutual Fund Insights
In the last 1 year, HDFC Defence Fund Direct Growth has given 84.19% return, outperforming this fund by 25.29%.
In the last 5 years, Invesco India PSU Equity Fund Direct Plan Growth has given 34.09% return, outperforming this fund by 2.83% per annum.
In the last 3 years, Aditya Birla Sun Life PSU Equity Fund Direct Growth has given 42% return, outperforming this fund by 12.04% per annum.
Over the last 3 months, this fund has experienced a 70.5% growth in AUM moving from 3.88K Cr to 6.62K Cr.
Over the last 6 months, this fund has decreased expense ratio by 28.3% moving from 0.92 to 0.66.
This fund expense ratio is slightly on the lower side within the category (equity - other). Its expense ratio is 0.66% which is lower than the category average expense ratio of 1.11%.
ICICI Prudential Manufacturing Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 25.43% since inception which is more than its category average return of 24.45%
Fund Allocations
This fund has an allocation of 97.66% in Equity, 0% in Debt and 2.34% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is more than its category average of ₹ 2265 Cr
Expense Ratio 0.66%
This fund has an expense ratio of 0.66% which is less than its category average expense ratio of 1.18%
Frequently Asked Questions
The current NAV of ICICI Prudential Manufacturing Fund Direct Growth is ₹37.87 as on 05-Sep-2024.
Existing (Absolute + CAGR) as on 05-Sep-2024.
ICICI Prudential Manufacturing Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.32% | 3.32% |
6 Month Returns | 19.47% | 19.47% |
1 Year Returns | 58.89% | 58.89% |
3 Years Returns | 119.46% | 29.95% |
5 Years Returns | 289.7% | 31.26% |
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0.66% as on August 2024
₹6621 Cr as on August 2024
UltraTech Cement Ltd(6.34%), Sun Pharmaceuticals Industries Ltd(4.93%), Maruti Suzuki India Ltd(4.45%), Larsen & Toubro Ltd(4.03%), Cummins India Ltd(3.57%) as on August 2024
Basic Materials(34.78%), Industrial(24.68%), Consumer Cyclical(21.53%) as on August 2024
The alpha ratio for the ICICI Prudential Manufacturing Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ICICI Prudential Manufacturing Fund Direct Growth | 11.35 | 6.34 | 2.45 |
As on August 2024
The alpha for ICICI Prudential Manufacturing Fund Direct Growth is calculated against Nifty India Manufacturing TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the ICICI Prudential Manufacturing Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ICICI Prudential Manufacturing Fund Direct Growth | 0.84 | 0.9 | 0.93 |
As on August 2024
The Beta for ICICI Prudential Manufacturing Fund Direct Growth is calculated with Nifty India Manufacturing TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the ICICI Prudential Manufacturing Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
ICICI Prudential Manufacturing Fund Direct Growth | 3.43 | 1.67 | 1.22 |
As on August 2024
The sharpe ratio for ICICI Prudential Manufacturing Fund Direct Growth is calculated with Nifty India Manufacturing TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the ICICI Prudential Manufacturing Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
ICICI Prudential Manufacturing Fund Direct Growth | 12.62 | 13.43 | 19.85 |
As on August 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 3.51 as on August 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.4 as on August 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Anish Tawakley is the fund manager of ICICI Prudential Manufacturing Fund Direct Growth
The Exit load of ICICI Prudential Manufacturing Fund Direct Growth is 1%