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 70169.46 crore assets under management as on June 2009.
ICICI Pru Infrastructure Fund (G) an open-ended equity diversified scheme launched in July 2005.
The objective of the scheme is objective to generate capital appreciation and income distribution to unitholders 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 23.26 as on 14 July 2009.
Portfolio: The total net assets of the scheme increased by Rs 92.08 crore to Rs 3842.13 crore in June 2009.
ICICI Pru Infrastructure Fund (G) took fresh exposure to five stocks in June 2009. The scheme has purchased 5.36 lakh units (1.49%) of Oil & Natural Gas Corporation, 2.24 lakh units (1.02%) State Bank of India and 4.29 lakh units (0.68%) Sterlite Industries (India) among others.
The scheme exited completely from Jindal Steel & Power by selling 3.63 lakh units (2.03%), Hindustan Petroleum Corporation by selling 61932 units (0.06%) in June 2009.
Sector-wise, the scheme took fresh exposure to Oil Drilling/Allied Services at 1.49% in June 2009. Sector-wise, the scheme did exit completely from Steel-Sponge Iron at 2.03% in June 2009.
The scheme had highest exposure to Reliance Industries with 18.00 lakh units (9.48% of portfolio size) followed by NTPC with 1.65 crore units (8.42%), Bharti Airtel with 39.99 lakh units (8.35%) and Reliance Petroleum with 1.62 crore units (5.31%) among others in June 2009.
It reduced its exposure from Reliance Industries to 18.00 lakh units (by 0.52%), ICICI Bank by selling 1.35 lakh units to 20.00 lakh units (0.46%), Bharti Airtel by selling 8141 units to 39.99 lakh units (0.41%) and CESC by selling 2202 units to 15.73 lakh units (0.34%) among others in June 2009.
Sector-wise, the scheme had highest exposure to Refineries at 14.79% (from 14.62% in May 2009), followed by Power Generation and Supply at 12.10% (4.74%), Telecommunications-Service Provider at 8.88% (8.76%) and Banks-Private Sector at 8.23% (8.73%) among others in June 2009.
Sector wise, the scheme had reduced exposure from Banks-Private Sector to 8.23% (by 0.50%), Cement-North India to 0.85% (by 0.26%), Steel-Large to 0.96% (by 0.12%) and Diversified-Mega to 1.29% (by 0.08%) among others in June 2009.
Performance: The performance of scheme is benchmarked against S&P CNX Nifty. The scheme has outperformed the benchmark index over most of the time periods.
The scheme has posted negative returns of 7.77% outperforming the S&P CNX Nifty that declined 10.30% over 1 month period ended 14 July 2009.
Over 3 months period, the scheme advanced by 21.02% underperforming the S&P CNX Nifty that gained 21.55%. It rose 2.38% outperforming the benchmark index that increased by 1.77% over 1 year period.
ICICI Pru Infrastructure Fund (G) an open-ended equity diversified scheme launched in July 2005.
The objective of the scheme is objective to generate capital appreciation and income distribution to unitholders 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 23.26 as on 14 July 2009.
Portfolio: The total net assets of the scheme increased by Rs 92.08 crore to Rs 3842.13 crore in June 2009.
ICICI Pru Infrastructure Fund (G) took fresh exposure to five stocks in June 2009. The scheme has purchased 5.36 lakh units (1.49%) of Oil & Natural Gas Corporation, 2.24 lakh units (1.02%) State Bank of India and 4.29 lakh units (0.68%) Sterlite Industries (India) among others.
The scheme exited completely from Jindal Steel & Power by selling 3.63 lakh units (2.03%), Hindustan Petroleum Corporation by selling 61932 units (0.06%) in June 2009.
Sector-wise, the scheme took fresh exposure to Oil Drilling/Allied Services at 1.49% in June 2009. Sector-wise, the scheme did exit completely from Steel-Sponge Iron at 2.03% in June 2009.
The scheme had highest exposure to Reliance Industries with 18.00 lakh units (9.48% of portfolio size) followed by NTPC with 1.65 crore units (8.42%), Bharti Airtel with 39.99 lakh units (8.35%) and Reliance Petroleum with 1.62 crore units (5.31%) among others in June 2009.
It reduced its exposure from Reliance Industries to 18.00 lakh units (by 0.52%), ICICI Bank by selling 1.35 lakh units to 20.00 lakh units (0.46%), Bharti Airtel by selling 8141 units to 39.99 lakh units (0.41%) and CESC by selling 2202 units to 15.73 lakh units (0.34%) among others in June 2009.
Sector-wise, the scheme had highest exposure to Refineries at 14.79% (from 14.62% in May 2009), followed by Power Generation and Supply at 12.10% (4.74%), Telecommunications-Service Provider at 8.88% (8.76%) and Banks-Private Sector at 8.23% (8.73%) among others in June 2009.
Sector wise, the scheme had reduced exposure from Banks-Private Sector to 8.23% (by 0.50%), Cement-North India to 0.85% (by 0.26%), Steel-Large to 0.96% (by 0.12%) and Diversified-Mega to 1.29% (by 0.08%) among others in June 2009.
Performance: The performance of scheme is benchmarked against S&P CNX Nifty. The scheme has outperformed the benchmark index over most of the time periods.
The scheme has posted negative returns of 7.77% outperforming the S&P CNX Nifty that declined 10.30% over 1 month period ended 14 July 2009.
Over 3 months period, the scheme advanced by 21.02% underperforming the S&P CNX Nifty that gained 21.55%. It rose 2.38% outperforming the benchmark index that increased by 1.77% over 1 year period.
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