Issue Opening Date : April 8, 2008
Issue Closing Date : May 7, 2008
Mutual Fund Family : ICICI Prudential Asset Mgmt.Co. Ltd Fund Class : Equity Diversified
Fund Type : Open-Ended
Investment Plan : Growth
Fund Manager : Prashant Kothari
Entry Load : 2.25 %
Exit Load : 1.00 %
Benchmark : S&P CNX Nifty
Minimum Investment : Regular Plan - Rs. 5000, Institutional Plan - Rs. 10 crore.
The fund has a straight forward strategy to invest in the top 20 companies from the NSE index. The fund is likely to deliver returns and behave like a large-cap index like Sensex and Nifty. The fund might be a reasonable choice for its predictable strategy and relative safety of the mega-cap stocks. This fund could be a worthy consideration for NFO fans, seeking an opportunistic bet on the market turnaround which can especially benefit this fund.
Views - The fund theme looks similar to Sundaram select focus , JM core 11 and other such funds which focus on a smaller number of stocks for investment. Since, the focus is on only 20 stocks there is a high risk- return probability. The focus is going to be on large caps. So, the risk is reduced to some extent.
SIP in a focus fund would be a better strategy than a bulk investment in this volatile phase. If you are not too keen on ICICI, you can choose from a proven focus fund to invest. Prefer direct investment in MF, as this will avoid incurring entry load on your investment.