ICICI PRU TOP 100 has outperformed its category average from 2008 to 2012
FUND FACTS- INCEPTION: July 1998
- CATEGORY: Equity Large Cap
- TYPE: Open-ended
- A U M: Rs 406.95 crore
- BENCHMARK INDEX: CNX Nifty
WHAT IT COSTS- NAV:Rs 149.63 (G), Rs 13.27 (D)
- MIN INVESTMENT:Rs 5000
- MIN SIP AMOUNT:Rs 1000
- EXPENSE RATIO:2.61%
- EXIT LOAD:3% - redemption within 180 days;
- 2% - redemption between 181-540 days
WHO SHOULD INVEST IN IT?The ICICI Pru Top 100 weathered the market downturn of 2001, 2008 and 2011 better than category peers and was a top performer in 2012, with a 32.83% return against the category average of 27.21%. Despite poor performance this year, its 10-year annualised return of 23.23% is higher than the Sensex return of 20.73%. Its allocation to mid- and small-cap stocks is lower than the category average. This has resulted in poorer returns compared with other schemes when the market is rising, but offers better protection when the market is falling. In 15 years since inception, this fund has underperformed the category average in only four years.
MEET THE FUND MANAGERFund manager Sankaran Naren invests in large, profitable companies. The fund aims to choose the best longterm investments that the market has to offer. Investments are spread across sectors to ensure diversification and stocks are selected based on fundamentals.
Data and analysis of the fund have been sourced from Value Research
