ICICI Prudential PSU Equity Fund Direct Growth
Equity
Direct
Equity - Other
NAV as on 21-10-2024
₹ 21.41
1D
Inception Returns
45.2%
/yr
About ICICI Prudential PSU Equity Fund Direct Growth
ICICI Prudential PSU Equity Fund Direct Growth is an equity fund. This fund was started on 12 September, 2022. The fund is managed by Mittul Kalawadia. The fund could potentially beat inflation in the long-run.
Key Parameters
- ICICI Prudential PSU Equity Fund Direct Growth has ₹2539 Cr worth of assets under management (AUM) as on Sep 2024 and is more than category average.
- The fund has an expense ratio 0.7.
Returns
ICICI Prudential PSU Equity Fund Direct Growth has given a CAGR return of 45.20% since inception. Over the last 1 year the fund has given a CAGR return of 67.05%.
Holdings
ICICI Prudential PSU Equity Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Utilities, Energy, Industrial, Basic Materials. Its top holdings are State Bank of India, NTPC Ltd, Oil & Natural Gas Corp Ltd, Power Grid Corp Of India Ltd, Coal 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 PSU Equity Fund Direct Growth
The objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of Public Sector Undertakings (PSUs).
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. ICICI Prudential PSU Equity Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
2095 people have invested ₹ 2Cr in ICICI Prudential PSU Equity Fund Direct Growth in the last three months
ICICI Prudential PSU Equity Fund Direct Growth Overview
| Expense ratio | 0.7% |
Benchmark | S&P BSE PSU TR INR |
| AUM | ₹2539 Cr |
| Inception Date | 12 September, 2022 |
| Min Lumpsum/SIP | ₹5000/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 19.59% |
| 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 (21-Oct-24)
Fund Distribution
as on (30-Sep-24)
Large cap
68.7%
Mid cap
13.3%
Small cap
2.6%
Sector Allocation
Financial Services
33.8%
Utilities
29.3%
Energy
25.8%
Industrial
8%
Basic Materials
3.1%
All changes are between Jul'24 and Sep'24
- This fund’s returns stands at -0.48% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.04% as on Sep'24
- This fund underperformed Nifty 500 by 2.52% in Sep'24
- AUM of the fund stands at 2.6K Cr as of Sep'24
- AUM has remained same between Sep'24 and Aug'24
Top Stocks bought last month
GAIL (India) Ltd's allocation increased from 1.37% to 2.72%
Life Insurance Corporation of India's allocation increased from 1.5% to 2.78%
State Bank of India's allocation increased from 12.81% to 13.17%
Top Stocks sold last month
Oil & Natural Gas Corp Ltd's allocation decreased from 9.53 % to 9.49 %
Power Grid Corp Of India Ltd's allocation decreased from 9.39 % to 8.95 %
Coal India Ltd's allocation decreased from 5.16 % to 5.02 %
Mid Cap allocation has gone down from 14.9% to 13.3%
Large Cap allocation has gone up from 67.1% to 68.7%
Small Cap allocation has gone down from 4.2% to 2.6%
Cash allocation has gone up from 13.8% to 15.4%
Top 3 Sectors in September were Financial Services, Utilities & Energy
Sep'24
Financial Services
34%
Utilities
29%
Energy
26%
Aug'24
Financial Services
32%
Utilities
30%
Energy
30%
See all
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Mittul Kalawadia
Fund Manager of ICICI Prudential PSU Equity Fund Direct Growth, since 12 September 2022
Top funds managed
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.1L Cr
as on 30-Sep-2024
Address
ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)
Phone
+912226428000
Website
investor.helpdesk@hdfcbank.com
ICICI Prudential PSU Equity 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 45.2% since inception which is more than its category average return of 21.07%
Fund Allocations
This fund has an allocation of 84.6% in Equity, 0% in Debt and 15.4% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is more than its category average of ₹ 2436 Cr
Expense Ratio 0.7%
This fund has an expense ratio of 0.7% which is less than its category average expense ratio of 1.25%
Frequently Asked Questions for ICICI Prudential PSU Equity Fund Direct Growth
The current NAV of ICICI Prudential PSU Equity Fund Direct Growth is ₹21.41 as on 21-Oct-2024.
Existing (Absolute + CAGR) as on 21-Oct-2024.
ICICI Prudential PSU Equity Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -0.77% | -0.77% |
6 Month Returns | 11.25% | 11.25% |
1 Year Returns | 67.05% | 67.05% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.7% as on September 2024
₹2539 Cr as on September 2024
State Bank of India(13.17%), NTPC Ltd(10.07%), Oil & Natural Gas Corp Ltd(9.49%), Power Grid Corp Of India Ltd(8.95%), Coal India Ltd(5.02%) as on September 2024
Financial Services(28.61%), Utilities(24.82%), Energy(21.82%) as on September 2024
The alpha ratio for the ICICI Prudential PSU Equity Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ICICI Prudential PSU Equity Fund Direct Growth | 7.45 | - | - |
As on September 2024
The alpha for ICICI Prudential PSU Equity Fund Direct Growth is calculated against S&P BSE PSU 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 PSU Equity Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ICICI Prudential PSU Equity Fund Direct Growth | 0.82 | - | - |
As on September 2024
The Beta for ICICI Prudential PSU Equity Fund Direct Growth is calculated with S&P BSE PSU 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 PSU Equity 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 PSU Equity Fund Direct Growth | 2.69 | - | - |
As on September 2024
The sharpe ratio for ICICI Prudential PSU Equity Fund Direct Growth is calculated with S&P BSE PSU 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 PSU Equity 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 PSU Equity Fund Direct Growth | 18.74 | - | - |
As on September 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.
Mittul Kalawadia is the fund manager of ICICI Prudential PSU Equity Fund Direct Growth
The Exit load of ICICI Prudential PSU Equity Fund Direct Growth is 1%