Background: ICICI Asset Management Company Ltd manages ICICI prudential Mutual Fund. A joint venture between Prudence Plc, UK's leading insurance company and ICICI Bank Ltd. India's premier financial institution. ICICI Prudential Mutual Fund house has Rs 51432.50 crore assets under management at the end of March 2009.
ICICI Pru Infrastructure Fund (G) an open-ended equity scheme launched in July 2005. The objective of the scheme is to seek to generate capital appreciation and income distribution to unit holders by investing predominantly in equity/ equity related securities of the companies belonging to the infrastructure industries and balance in debt securities and money market instruments including call money.
However, there can be no assurance that the investment objective of the plan will be realized. The minimum investment amount is Rs 5000 and in multiples of Rs 1 thereafter. The unit NAV of the scheme was Rs 18.50 as on 06 April 2009.
Portfolio: The total net assets of the scheme decreased by Rs 88.62 crore to Rs 2503.41 crore in February 2009.
ICICI Pru Infrastructure Fund (G) took fresh exposure to two new stocks in February 2009. The scheme has purchased 9.50 lakh units (1.22%) of Hindustan Zinc, 12.81 lakh units (0.45%) of Sintex Industries.
The scheme completely exited from Bharat Heavy Electricals by selling 2.53 lakh units (1.29%) and Grasim Industries by selling 1.99 lakh units (0.92%) in February 2009.
Sector-wise, the scheme took fresh exposure to Diversified – Large at 0.45% in February 2009.
Sector-Wise, the scheme did not exit completely from any sector in February 2009.
The scheme had highest exposure to Bharti Airtel with 36.10 lakh units (9.18% of portfolio) followed by Reliance Industries with 13.16 lakh units (6.65%) and State Bank of India with 11.97 lakh units (4.91%) among others in February 2009.
It reduced its exposure to State Bank of India by selling 5.50 lakh units to 11.97 lakh units (by 2.86%), Sterlite Industries (India) by selling 13.23 lakh units to 23.67 lakh units (by 1.61%) and ICICI Bank by selling 5758 units to 36.93 lakh units (by 1.10%) among others in February 2009.
Sector-wise, the scheme had highest exposure to Banks - Private Sector at 10.74% (from 10.44% in January 2009), followed by Telecommunications - Service Provider Sector at 9.18% (9.05%), Banks –Public at 7.65% (10.76%) and Refineries at 6.65% (6.39%) among others in February 2009.
Sector wise, the scheme had reduced exposure to Banks - Public Sector to 7.65% (by 3.11%), Electric Equipment to 0.26% (by 1.29%), Diversified–Mega to 0.73% (by 0.93%) and Steel-Sponge Iron to 2.50% (by 0.69%) among others in February 2009.
Performance: The scheme outperformed the category average over most of the time periods except since inception. It has outperformed the Sensex over all time periods.
Over three-month period ended as on 06 April 2009, the scheme posted returns of 0.33% outperforming the category average, which fell 2.41%. It outperformed the Sensex that posted negative returns of 49.38% during the same period.
Since inception, the scheme posted returns of 77.03% underperforming the category average of 79.57%.
ICICI Pru Infrastructure Fund (G) an open-ended equity scheme launched in July 2005. The objective of the scheme is to seek to generate capital appreciation and income distribution to unit holders by investing predominantly in equity/ equity related securities of the companies belonging to the infrastructure industries and balance in debt securities and money market instruments including call money.
However, there can be no assurance that the investment objective of the plan will be realized. The minimum investment amount is Rs 5000 and in multiples of Rs 1 thereafter. The unit NAV of the scheme was Rs 18.50 as on 06 April 2009.
Portfolio: The total net assets of the scheme decreased by Rs 88.62 crore to Rs 2503.41 crore in February 2009.
ICICI Pru Infrastructure Fund (G) took fresh exposure to two new stocks in February 2009. The scheme has purchased 9.50 lakh units (1.22%) of Hindustan Zinc, 12.81 lakh units (0.45%) of Sintex Industries.
The scheme completely exited from Bharat Heavy Electricals by selling 2.53 lakh units (1.29%) and Grasim Industries by selling 1.99 lakh units (0.92%) in February 2009.
Sector-wise, the scheme took fresh exposure to Diversified – Large at 0.45% in February 2009.
Sector-Wise, the scheme did not exit completely from any sector in February 2009.
The scheme had highest exposure to Bharti Airtel with 36.10 lakh units (9.18% of portfolio) followed by Reliance Industries with 13.16 lakh units (6.65%) and State Bank of India with 11.97 lakh units (4.91%) among others in February 2009.
It reduced its exposure to State Bank of India by selling 5.50 lakh units to 11.97 lakh units (by 2.86%), Sterlite Industries (India) by selling 13.23 lakh units to 23.67 lakh units (by 1.61%) and ICICI Bank by selling 5758 units to 36.93 lakh units (by 1.10%) among others in February 2009.
Sector-wise, the scheme had highest exposure to Banks - Private Sector at 10.74% (from 10.44% in January 2009), followed by Telecommunications - Service Provider Sector at 9.18% (9.05%), Banks –Public at 7.65% (10.76%) and Refineries at 6.65% (6.39%) among others in February 2009.
Sector wise, the scheme had reduced exposure to Banks - Public Sector to 7.65% (by 3.11%), Electric Equipment to 0.26% (by 1.29%), Diversified–Mega to 0.73% (by 0.93%) and Steel-Sponge Iron to 2.50% (by 0.69%) among others in February 2009.
Performance: The scheme outperformed the category average over most of the time periods except since inception. It has outperformed the Sensex over all time periods.
Over three-month period ended as on 06 April 2009, the scheme posted returns of 0.33% outperforming the category average, which fell 2.41%. It outperformed the Sensex that posted negative returns of 49.38% during the same period.
Since inception, the scheme posted returns of 77.03% underperforming the category average of 79.57%.
1 comment:
Very nice blog yours!
any interest in exchaning blogroll links?
if yes, please make a comment on my blog
http://investmentindian.blogspot.com
I will add your blog once make a comment and after that you can add me to your blogroll ok
Cheers!
Post a Comment