ICICI Prudential Nifty 200 Momentum 30 Index Funds remarkable 92% returns in 2 years

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

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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:

  1. Momentum Investing: Prioritizing stocks exhibiting strong price momentum.
  2. Diversification: Allocating investments across large, mid, and small-cap stocks to balance risk and return.
  3. 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.