Background: Prudential ICICI Asset Management Company Ltd manages prudential ICICI Mutual Fund. A joint venture between Prudence Plc, UK's leading insurance company and ICICI Bank Ltd. India's premier financial institution. Prudential ICICI Mutual Fund house has Rs. 54321.87 crore assets under management at the end of March 2008.
ICICI Prudential Balanced Fund (G) an open-ended equity-balanced scheme launched in September 1999.The primary investment objective of the fund is to generate long-term capital appreciation and current income from a portfolio that is invested in equity and equity related securities as well as in fixed income & money market securities. The minimum investment amount is Rs.5000 and in multiples of Rs.500 thereafter. The unit NAV of the scheme was Rs.37.18 as on 11 April 2008.
Portfolio: The total net assets of the scheme decreased by Rs.58.78 crore to Rs.345.80 crore in March 2008.
ICICI Prudential Balanced Fund (G) took fresh exposure to only one stock in March 2008. The scheme has purchased 1.35 lakh units (0.83%) of Nagarjuna Construction Company in March 2008.
The scheme completely exited CMC by selling 65379 units (1.49%) in March 2008.
Sector-wise, the scheme did not take fresh exposure to any sector in March 2008.
Sector-wise, the scheme exited completely from Computers – Hardwa at 1.49% in March 2008.
The scheme had highest exposure to Reliance Industries with 1.12 lakh units (7.37% of portfolio size) followed by ICICI Bank with 1.55 lakh units (3.46%), AIA Engineering with 79287 units (3.45%) and Larsen & Toubro with 37337 units (3.27%) among others in March 2008.
It reduced its exposure to Reliance Industries by selling 65311 units to 1.12 lakh units (3.44%), Bharat Heavy Electricals by selling 25042 units to 49497 units (by 1.26%), State Bank of India by selling 16477 units to 30527 units (1.04%) and AIA Engineering by selling 24660 units to 79287 units (0.99%) among others in March 2008.
Sector-wise, the scheme had highest exposure to Refineries at 7.37% (from 10.81% in February 2008), followed by Diversified – Mega at 6.03% (5.77%), Banks - Public Sector at 5.52% (6.76%), and Plastics Products at 5.39% (5.41%) among others in March 2008.
Sector wise, the scheme had reduced exposure Refineries to 7.37% (by 3.44%), Electric Equipment to 2.94% (by 1.26%), Banks - Public Sector to 5.52% (by 1.24%), and Banks - Private Sector to 3.46% (by 0.72%) among others in March 2008.
Performance: The scheme underperformed the category average over all time periods. It has outperformed the Sensex over most of the time periods.
Over three-month period ended as on 11 April 2008, the scheme posted negative returns of 20.85% underperforming the category average of 16.36%. It outperformed the Sensex that posted negative returns of 24.10% during the same period.
ICICI Prudential Balanced Fund (G) an open-ended equity-balanced scheme launched in September 1999.The primary investment objective of the fund is to generate long-term capital appreciation and current income from a portfolio that is invested in equity and equity related securities as well as in fixed income & money market securities. The minimum investment amount is Rs.5000 and in multiples of Rs.500 thereafter. The unit NAV of the scheme was Rs.37.18 as on 11 April 2008.
Portfolio: The total net assets of the scheme decreased by Rs.58.78 crore to Rs.345.80 crore in March 2008.
ICICI Prudential Balanced Fund (G) took fresh exposure to only one stock in March 2008. The scheme has purchased 1.35 lakh units (0.83%) of Nagarjuna Construction Company in March 2008.
The scheme completely exited CMC by selling 65379 units (1.49%) in March 2008.
Sector-wise, the scheme did not take fresh exposure to any sector in March 2008.
Sector-wise, the scheme exited completely from Computers – Hardwa at 1.49% in March 2008.
The scheme had highest exposure to Reliance Industries with 1.12 lakh units (7.37% of portfolio size) followed by ICICI Bank with 1.55 lakh units (3.46%), AIA Engineering with 79287 units (3.45%) and Larsen & Toubro with 37337 units (3.27%) among others in March 2008.
It reduced its exposure to Reliance Industries by selling 65311 units to 1.12 lakh units (3.44%), Bharat Heavy Electricals by selling 25042 units to 49497 units (by 1.26%), State Bank of India by selling 16477 units to 30527 units (1.04%) and AIA Engineering by selling 24660 units to 79287 units (0.99%) among others in March 2008.
Sector-wise, the scheme had highest exposure to Refineries at 7.37% (from 10.81% in February 2008), followed by Diversified – Mega at 6.03% (5.77%), Banks - Public Sector at 5.52% (6.76%), and Plastics Products at 5.39% (5.41%) among others in March 2008.
Sector wise, the scheme had reduced exposure Refineries to 7.37% (by 3.44%), Electric Equipment to 2.94% (by 1.26%), Banks - Public Sector to 5.52% (by 1.24%), and Banks - Private Sector to 3.46% (by 0.72%) among others in March 2008.
Performance: The scheme underperformed the category average over all time periods. It has outperformed the Sensex over most of the time periods.
Over three-month period ended as on 11 April 2008, the scheme posted negative returns of 20.85% underperforming the category average of 16.36%. It outperformed the Sensex that posted negative returns of 24.10% during the same period.
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