ICICI Prudential Equity Minimum Variance Fund Review – ICICI Prudential Equity Minimum Variance Fund Review Direct NFO Open on 18 November 2024 and Close on 02 December 2024. ICICI Prudential Equity Minimum Variance Fund Direct NFO Allotment Date is 04 December 2024, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount is ₹5,000. The Minimum SIP Investment Amount is ₹100.
Type of the Scheme
An open ended equity scheme following minimum variance theme.
Scheme Benchmark : Nifty 50 TRI – The composition of the benchmark is such that, it is most suited for comparing performance of the Scheme. The Trustees reserves the right to change the benchmark in future, if a benchmark better suited to the investment objective of the Scheme is available.
ICICI Prudential Equity Minimum Variance Fund Scheme Benchmark
| Company | Weightage |
|---|---|
| HDFC Bank Ltd. | 12.11 |
| ICICI Bank Ltd. | 8.38 |
| Reliance Industries Ltd. | 8.31 |
| Infosys Ltd. | 5.82 |
| ITC Ltd. | 4.18 |
| Bharti Airtel Ltd. | 3.98 |
| Larsen & Toubro Ltd. | 3.92 |
| Tata Consultancy Services Ltd. | 3.73 |
| Axis Bank Ltd. | 3.04 |
| State Bank of India | 2.90 |
ICICI Prudential Equity Minimum Variance Fund Important Date
| Scheme Offer | ICICI Prudential Equity Minimum Variance Fund |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An open-ended |
| Open Date | 18 Nov 2024 |
| Close Date | 02 Dec 2024 |
| Allotment Date | 04 Dec 2024 |
| Category | Equity Schemes – Sectoral/Thematic |
| Min Inv ₹ | ₹5,000 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | Nifty 50 TRI |
Investment Objective of the Scheme ?
To generate long term capital appreciation by investing in Equity & Equity related instruments through a diversified basket with an aim to minimize the portfolio volatility. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
ICICI Prudential Equity Minimum Variance Fund Other Details
| Exit Load | N/A |
|---|---|
| Exit Load Details | N/A |
| Entry Load | N/A |
| Stamp Duty | 0.005% |
| Min. Investment | Rs. 5,000 |
| Min. SIP | Rs. 100 |
ICICI Prudential Equity Minimum Variance Fund Asset Allocation
| Instruments | Allocation Min | Allocation Max |
|---|---|---|
| Equity & Equity related instruments identified based on Minimum Variance Factor | 80% | 100% |
| Other Equity and Equity related instruments | 0% | 20% |
| instruments 0 20 Debt and Money market instruments, and term deposits (margin money) | 0% | 20% |
| Units issued by REITs and INVITs | 0% | 10% |
Manager Manage the Scheme?
Fund Manger : Mr. Vaibhav Dusad
Qualification : MBA, B.Tech, M.Tech, IIT Chennai
Experience : Mr. Vaibhav Dusad has over 12 years of experience in field of investment analysis. Currently, he is a senior investment analyst and a fund manager.
Fund Manger : Ms. Nitya Mishra
Qualification : Bachelor of Technical Engineering in Electronics & Communication and Post Graduate degree in Management – Finance
Experience : Ms. Nitya has been associated with the AMC since May 2018 and has worked in the Risk Management and Research team of the AMC. Prior to joining the AMC, she has also worked with SBI Capital Markets Ltd. and CRISIL Limited.
ICICI Prudential Equity Minimum Variance Fund Sector Representation
| Sector | Weightage |
|---|---|
| Financial Services | 34.25 |
| Information Technology | 12.92 |
| Oil, Gas & Consumable Fuels | 10.76 |
| Fast Moving Consumer Goods | 8.22 |
| Automobile and Auto Components | 7.43 |
| Healthcare | 3.99 |
| Telecommunication | 3.98 |
| Construction | 3.92 |
| Metals & Mining | 3.54 |
| Power | 3.12 |
| Consumer Durables | 2.47 |
| Construction Materials | 2.08 |
| Consumer Services | 1.46 |
| Capital Goods | 0.94 |
| Services | 0.93 |
ICICI Prudential Equity Minimum Variance Fund Index Return
| Index Return | QTD | YTD | 1 Year | 5 Years | Since Inception |
|---|---|---|---|---|---|
| Price Return | -6.17 | 11.38 | 26.87 | 15.30 | 11.61 |
| Total Return | -6.07 | 12.64 | 28.39 | 16.63 | - |
Where Will the Scheme Invest ?
- Equity and equity related securities including Indian Depository Receipts (IDRs), and warrants carrying the right to obtain equity shares.
- Securities created and issued by the Central and State Governments and/or repos/reverse repos in such Government Securities as may be permitted by RBI (including but not limited to coupon bearing bonds, zero coupon bonds and treasury bills).
- Securities guaranteed by the Central, State and local Governments (including but not limited to coupon bearing bonds, zero coupon bonds and treasury bills).
- Debt securities issued by domestic Government agencies and statutory bodies, which may or may not carry a Central/State Government guarantee.
- Listed and unlisted Corporate debt securities (of both public and private sector undertakings) including corporate bonds having structured obligations and credit enhancements.
- Securities issued by banks (both public and private sector) including term deposit with the banks as permitted by SEBI/RBI from time to time and development financial institutions.
- Money market instruments, as permitted by SEBI/ RBI.
- Securitized Debt.
Also Read: Bandhan Nifty 200 Quality 30 Index Fund Review
ICICI Prudential Equity Minimum Variance Fund Registrar
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