ICICI Prudential Focused Bluechip Equity Retail has outperformed its benchmark index and category since inception.WHO SHOULD INVEST IN IT?
Inception: May 2008
Category: Equity: Large Cap
Type: Open ended
AUM: Rs 1,942.42 crore
Benchmark index: S&P CNX Nifty
WHAT IT COSTS
NAV: Rs 16.33 (G) | Rs 15.58 (Div)
Minimum investment: Rs 5,000
Minimum SIP amount: Rs 1,000
Expense ratio: 1.91%
Exit load: 1% if redeemed within one year
Investors wanting an equity exposure without mid and small caps can consider this fund. Fund manager Prashant Kothari restricts his universe to the top 100 stocks of the NSE, in terms of market capitalisation, but has only in invested 36 of them this far. The portfolio changes its complexion pretty gradually since Kothari prefers staying put once he buys a stock.
"There are three dominant factors I consider when buying a stock in this fund. The underlying business must be very stable, the company cannot be heavily leveraged and I should have a fair degree of confidence in the management of the company," he says.MEET THE FUND MANAGER
Fund manager Prashant Kothari considers valuations, future growth prospects and high earnings possibility while picking a stock. The fund is marked by a limited universe and tight portfolio with low churn.
Data and analysis of the fund have been sourced from Value Research