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 51432.50 crore assets under management as on March 2009.
ICICI Pru Dynamic Plan (G) an open-ended equity scheme launched in October 2002. The objective of the scheme is to seek to generate capital appreciation by actively investing in equity/equity related securities. The minimum investment amount is Rs 5000 and in multiples of Rs 1 thereafter. The unit NAV of the scheme was Rs 57.07 as on 24 April 2009.
Portfolio: The total net assets of the scheme increased by Rs 56.06 crore to Rs 1046.08 crore in March 2009.
ICICI Pru Dynamic Plan (G) took fresh exposure to eight stocks in March 2009. The scheme has purchased 5.98 lakh units (5.54%) of HDFC Bank, 2.00 lakh units (2.04%) of State Bank of India (SBI) and 2.70 lakh units (1.78%) of Lupin among others.
The scheme exited completely from Punjab National Bank by selling 9.75 lakh units (3.33%), Sterlite Industries (India) by selling 10.50 lakh units (2.60%), Oil & Natural Gas Corporation by selling 1.67 lakh units (1.17%) and IVRCL Infrastructures & Projects by selling 26614 units (0.03%) in March 2009.
Sector-wise, the scheme took fresh exposure to Personal Care–Multinational sector at 1.58%, Cement-North India at 1.41% and Paints/Varnishes at 1.12% in March 2009.
Sector-wise, the scheme exited completely from Oil Drilling/Allied Services at 1.17% in March 2009.
The scheme had highest exposure to Reliance Industries with 6.50 lakh units (9.47% of portfolio size) followed by Bharti Airtel with 12.31 lakh units (7.37%), Hindustan Zinc with 10.07 lakh units (4.31%) and ITC with 22.81 units (4.03%) among others in March 2009.
It reduced its exposure from ICICI Bank by selling 3.95 lakh units to 8.02 lakh units (by 1.42%), Cipla by selling 6.08 lakh units to 4.42 lakh units (1.10%), Infosys Technologies by selling 74941 units to 75053 units (0.92%) and Tata Consultancy Services of India by selling 1.36 lakh units to 2.47 lakh units (0.58%) among others in March 2009.
Sector-wise, the scheme had highest exposure to Banks-Private Sector at 12.24% (from 7.99% in February 2009), followed by Refineries at 9.47% (3.84%), Pharmaceuticals-Indian-Bulk Drugs & Formulation at 7.53% (8.67%) and Telecommunications-Service Provider at 7.37% (7.33%) among others in March 2009.
Sector wise, the scheme had reduced exposure from Mining/Minerals/Metals to 4.31% (by 1.73%), Computers-Software–Large to 4.40% (by 1.43%), Banks-Public Sector to 3.38% (by 1.28%) and Pharmaceuticals-Indian-Bulk Drugs & Formulation to 7.53% (by 1.14%) among others in March 2009.
Performance: The scheme underperformed the Sensex over most of the time periods.
Over three-month period ended as on 24 April 2009, the scheme posted returns of 22.02% underperforming the Sensex that posted returns of 30.60%. Over 6 month period, the scheme's returns plunged to 28.11% underperforming the Sensex that rose 30.20%.
The returns of the scheme over one year period fell 26.81% outperforming the Sensex that plunged by 33.85%.
ICICI Pru Dynamic Plan (G) an open-ended equity scheme launched in October 2002. The objective of the scheme is to seek to generate capital appreciation by actively investing in equity/equity related securities. The minimum investment amount is Rs 5000 and in multiples of Rs 1 thereafter. The unit NAV of the scheme was Rs 57.07 as on 24 April 2009.
Portfolio: The total net assets of the scheme increased by Rs 56.06 crore to Rs 1046.08 crore in March 2009.
ICICI Pru Dynamic Plan (G) took fresh exposure to eight stocks in March 2009. The scheme has purchased 5.98 lakh units (5.54%) of HDFC Bank, 2.00 lakh units (2.04%) of State Bank of India (SBI) and 2.70 lakh units (1.78%) of Lupin among others.
The scheme exited completely from Punjab National Bank by selling 9.75 lakh units (3.33%), Sterlite Industries (India) by selling 10.50 lakh units (2.60%), Oil & Natural Gas Corporation by selling 1.67 lakh units (1.17%) and IVRCL Infrastructures & Projects by selling 26614 units (0.03%) in March 2009.
Sector-wise, the scheme took fresh exposure to Personal Care–Multinational sector at 1.58%, Cement-North India at 1.41% and Paints/Varnishes at 1.12% in March 2009.
Sector-wise, the scheme exited completely from Oil Drilling/Allied Services at 1.17% in March 2009.
The scheme had highest exposure to Reliance Industries with 6.50 lakh units (9.47% of portfolio size) followed by Bharti Airtel with 12.31 lakh units (7.37%), Hindustan Zinc with 10.07 lakh units (4.31%) and ITC with 22.81 units (4.03%) among others in March 2009.
It reduced its exposure from ICICI Bank by selling 3.95 lakh units to 8.02 lakh units (by 1.42%), Cipla by selling 6.08 lakh units to 4.42 lakh units (1.10%), Infosys Technologies by selling 74941 units to 75053 units (0.92%) and Tata Consultancy Services of India by selling 1.36 lakh units to 2.47 lakh units (0.58%) among others in March 2009.
Sector-wise, the scheme had highest exposure to Banks-Private Sector at 12.24% (from 7.99% in February 2009), followed by Refineries at 9.47% (3.84%), Pharmaceuticals-Indian-Bulk Drugs & Formulation at 7.53% (8.67%) and Telecommunications-Service Provider at 7.37% (7.33%) among others in March 2009.
Sector wise, the scheme had reduced exposure from Mining/Minerals/Metals to 4.31% (by 1.73%), Computers-Software–Large to 4.40% (by 1.43%), Banks-Public Sector to 3.38% (by 1.28%) and Pharmaceuticals-Indian-Bulk Drugs & Formulation to 7.53% (by 1.14%) among others in March 2009.
Performance: The scheme underperformed the Sensex over most of the time periods.
Over three-month period ended as on 24 April 2009, the scheme posted returns of 22.02% underperforming the Sensex that posted returns of 30.60%. Over 6 month period, the scheme's returns plunged to 28.11% underperforming the Sensex that rose 30.20%.
The returns of the scheme over one year period fell 26.81% outperforming the Sensex that plunged by 33.85%.
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