Fund Overview
- Fund House: ICICI Prudential Mutual Fund
- Fund Size: ₹264.53 Cr (0.11% of investment in category)
- NAV (as on 21st June 2024): ₹19.2769
- Expense Ratio: 0.36% (Category average: 0.26%)
- Risk Level: Very High
Investment Composition
- Equity Investment: 99.95%
- Large Cap: 47.56%
- Mid Cap: 40.57%
- Small Cap: 0.75%
- Others: 11.06%
ICICI Prudential Nifty 200 Momentum 30 Index Fund – Top 10 Holdings
| Stock | Sector | Value (Mn) | % of Total Holdings | 1M Change | 1Y Highest Holding | 1Y Lowest Holding | Quantity | 1M Change in Qty |
| Hindustan Aeronautics Ltd. | Aerospace & defense | 182.6 | 6.90% | 1.16% | 6.9% (May 2024) | 3.67% (Oct 2023) | 36.72 k | 8.63 k |
| Trent Limited | Speciality retail | 159 | 6.01% | -0.10% | 6.11% (Apr 2024) | 3.02% (Jul 2023) | 34.87 k | 8.20 k |
| Bajaj Auto Ltd. | 2/3 wheelers | 145.4 | 5.50% | -0.17% | 6.13% (Mar 2024) | 4.8% (Aug 2023) | 16.00 k | 3.75 k |
| Coal India Ltd. | Coal | 139 | 5.26% | 0.15% | 5.4% (Feb 2024) | 0% (Jun 2023) | 2.83 L | 66.65 k |
| Bharat Electronics Ltd. | Aerospace & defense | 136.6 | 5.17% | 0.88% | 5.17% (May 2024) | 3.82% (Jan 2024) | 4.62 L | 1.09 L |
| Rural Electrification Corp. Ltd. | Financial institution | 133 | 5.03% | 0.05% | 5.63% (Nov 2023) | 3.07% (Jun 2023) | 2.47 L | 58.22 k |
| Tata Motors Ltd. | Passenger cars & utility | 132.9 | 5.02% | -0.74% | 5.98% (Mar 2024) | 0% (Jun 2023) | 1.44 L | 33.90 k |
| Power Finance Corp. Ltd. | Financial institution | 130.1 | 4.92% | 0.29% | 6.59% (Nov 2023) | 3.93% (Jun 2023) | 2.64 L | 62.20 k |
| National Thermal Power Corp. Ltd. | Power generation | 120.1 | 4.54% | -0.28% | 4.91% (Feb 2024) | 0% (Jun 2023) | 3.35 L | 78.80 k |
| TVS Motor Company Ltd. | 2/3 wheelers | 113.1 | 4.27% | 0.03% | 5.96% (Nov 2023) | 4.24% (Apr 2024) | 51.88 k | 12.20 k |
ICICI Prudential Nifty 200 Momentum 30 Index Fund – Growth and Performance
| Period Invested for | ₹10,000 Invested on | Latest Value | Absolute Returns | Annualised Returns | Category Avg | Rank within Category |
| 1 Week | 14-Jun-24 | 9786.20 | -2.14% | – | 0.45% | 213/219 |
| 1 Month | 21-May-24 | 10365.40 | 3.65% | – | 3.52% | 111/214 |
| 3 Month | 21-Mar-24 | 11848.50 | 18.48% | – | 8.66% | 44/203 |
| 6 Month | 21-Dec-23 | 13249.30 | 32.49% | – | 13.66% | 21/191 |
| YTD | 01-Jan-24 | 12956.30 | 29.56% | – | 11.85% | 20/194 |
| 1 Year | 21-Jun-23 | 16703.00 | 67.03% | 66.80% | 27.63% | 11/180 |
| Since Inception | 05-Aug-22 | 19276.90 | 92.77% | 41.79% | 17.87% | 14/180 |
ICICI Prudential Nifty 200 Momentum 30 Index Fund – Investment Strategies
Core Strategy
The ICICI Prudential Nifty 200 Momentum 30 Index Fund employs a passive investment strategy to closely track the Nifty 200 Momentum 30 TRI. Key elements include:
- Momentum Investing: Prioritizing stocks exhibiting strong price momentum.
- Diversification: Allocating investments across large, mid, and small-cap stocks to balance risk and return.
- Regular Rebalancing: Adjusting the portfolio periodically to maintain alignment with the index and capture high-momentum trends.
Portfolio Turnover
- Turnover Ratio: 120.00% (Category average: 25.56%)
The high turnover ratio indicates a dynamic approach, with frequent rebalancing to keep the portfolio in line with the high-momentum strategy, aiming to maximize returns from stocks with the strongest momentum.
Disclaimer: The information provided in this article is for educational and informational purposes only. It should not be considered investment advice or a recommendation to invest in any particular mutual fund or asset class. Past performance does not indicate future results, and investors should research and consult with a financial advisor before making investment decisions. Investing in mutual funds involves risks, including the possible loss of principal invested.
