ICICI PRUDENTIAL DYNAMIC
INCEPTION: October 2002
CATEGORY: Equity Large & Mid Cap
AUM: Rs 4,254 crore
BENCHMARK INDEX: CNX Nifty
WHAT IT COSTS
NAV: Rs 169.76 (G), Rs 22.73 (D)
MIN INVESTMENT: Rs 5,000
MIN SIP AMOUNT: Rs 1,000
EXPENSE RATIO: 2.23% (as on 31/03/2014)
EXIT LOAD: 1% for redemption within 365 days
WHY INVEST IN IT?
This is a dynamic asset allocation fund which seeks to move money from equities to fixed income securities depending on the market conditions. The idea is to reduce equity exposure when the markets are overpriced. This move is formula driven, and not decided actively by the fund manager. Does the formula work? It appears so. With the exception of 2007, the fund has always risen more than the benchmark in a rising market and fallen less in a falling market.The fund's protective asset allocation and its manager's superior stock selection has given the fund an enviable track record of impressive gains.
MEET THE FUND MANAGER
Sanskaran Naren has 21 years of experience in Fund management, Equity research and Operations and currently working as an Chief Investment Officer since February 2008. He has done B.Tech from IIT-Madras and PGDM from IIM- Calcutta