ICICI Prudential PSU Equity Fund Direct Growth

ICICI Prudential PSU Equity Fund Direct Growth

Equity

Direct

Equity - Other

NAV as on 12-12-2024

₹ 21.8

-1.1%

1D

Inception Returns

41.4%

/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

  1. ICICI Prudential PSU Equity Fund Direct Growth has ₹2357 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
  2. The fund has an expense ratio 0.7.

Returns

ICICI Prudential PSU Equity Fund Direct Growth has given a CAGR return of 41.38% since inception. Over the last 1 year the fund has given a CAGR return of 41.56%.

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 benefit
Dividends 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

zero opening, trading, fund transfer fee
1901 people have invested ₹ 1Cr in ICICI Prudential PSU Equity Fund Direct Growth in the last three months

ICICI Prudential PSU Equity Fund Direct Growth Overview

Expense ratio0.72%
Benchmark
S&P BSE PSU TR INR
AUM₹2357 Cr
Inception Date12 September, 2022
Min Lumpsum/SIP₹5000/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
19.59%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (12-Dec-24)

Period
ICICI Prudential PSU Equity Fund Direct Growth
Nifty 500
equity - other
1M
2.4%
4.1%
-
3M
-2.2%
-2.7%
-
6M
1.3%
5.9%
-
1Y
41.6%
24.5%
-

Fund Distribution

as on (31-Oct-24)

  • Equity 93%

  • Debt & Cash 7%

Large cap
73.9%

Mid cap
14.3%

Small cap
3.2%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
36.6%
Utilities
28%
Energy
23.9%
Industrial
8.3%
Basic Materials
3.2%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-5.30%
-0.48%
-1.96%
Nifty 500
-6.52%
2.04%
0.97%
  • This fund’s returns stands at -5.30% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
  • This fund outperformed Nifty 500 by 1.22% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 2.5K Cr
₹ 2.5K Cr
₹ 2.6K Cr
  • AUM of the fund stands at 2.5K Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24
Top Stocks bought last month
State Bank of India's allocation increased from 13.17% to 14.77%
State Bank of India's allocation increased from 13.17% to 14.77%
Indian Bank's allocation increased from 3.37% to 4.11%
Indian Bank's allocation increased from 3.37% to 4.11%
NHPC Ltd's allocation increased from 0.98% to 1.58%
NHPC Ltd's allocation increased from 0.98% to 1.58%
Top Stocks sold last month
NTPC Ltd's allocation decreased from 10.07 % to 9.84 %
NTPC Ltd's allocation decreased from 10.07 % to 9.84 %
Oil & Natural Gas Corp Ltd's allocation decreased from 9.49 % to 9.14 %
Oil & Natural Gas Corp Ltd's allocation decreased from 9.49 % to 9.14 %
Power Grid Corp Of India Ltd's allocation decreased from 8.95 % to 8.76 %
Power Grid Corp Of India Ltd's allocation decreased from 8.95 % to 8.76 %
Mid Cap allocation has gone up from 13.3% to 14%
Mid Cap allocation has gone up from 13.3% to 14%
Large Cap allocation has gone up from 68.7% to 70.6%
Large Cap allocation has gone up from 68.7% to 70.6%
Small Cap allocation has gone up from 2.6% to 3.3%
Small Cap allocation has gone up from 2.6% to 3.3%
Cash allocation has gone down from 15.4% to 12.2%
Cash allocation has gone down from 15.4% to 12.2%

Top 3 Sectors in October were Financial Services, Utilities & Energy

Oct'24
Financial Services
37%
Utilities
28%
Energy
24%
Sep'24
Financial Services
34%
Utilities
29%
Energy
26%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
39
40
37
Top 5 Company Concentration
47.5%
46.7%
46.9%
Company having highest exposure
State Bank of India (14.8%)
State Bank of India (13.2%)
State Bank of India (12.8%)
No of Sectors
5
5
6
Top 5 Sectors Concentration
100%
100%
100%
Sector having highest exposure
Financial Services (36.6%)
Financial Services (33.8%)
Financial Services (31.7%)
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Mittul Kalawadia
Mittul Kalawadia
Fund Manager of ICICI Prudential PSU Equity Fund Direct Growth, since 12 September 2022
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.35L Cr
as on 31-Oct-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

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 41.38% since inception which is more than its category average return of 19.06%
Fund Allocations

Fund Allocations

This fund has an allocation of 92.98% in Equity, 0% in Debt and 7.02% in Cash related instruments
AUM size ₹2357 Cr

AUM size ₹2357 Cr

This fund has AUM of ₹2357 Cr which is more than its category average of ₹ 2161 Cr
Expense Ratio 0.72%

Expense Ratio 0.72%

This fund has an expense ratio of 0.72% which is less than its category average expense ratio of 1.17%

Frequently Asked Questions for ICICI Prudential PSU Equity Fund Direct Growth

The current NAV of ICICI Prudential PSU Equity Fund Direct Growth is ₹21.8 as on 12-Dec-2024.
Existing (Absolute + CAGR) as on 12-Dec-2024.
ICICI Prudential PSU Equity Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.44%
2.44%
6 Month Returns
1.3%
1.3%
1 Year Returns
41.56%
41.56%
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.
0.72% as on November 2024
₹2357 Cr as on November 2024
State Bank of India(15.5%), NTPC Ltd(9.44%), Oil & Natural Gas Corp Ltd(9.41%), Power Grid Corp Of India Ltd(8.45%), Coal India Ltd(5.52%) as on November 2024
Financial Services(33.57%), Utilities(24.94%), Energy(23.34%) as on November 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
4.99
-
-
As on November 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
0.84
-
-
As on November 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
1.85
-
-
As on November 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
19.95
-
-
As on November 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%