ICICI is a leading Asset Management Company (AMC) in the country focused on bridging the gap between savings and investments and creating long-term for investors through a range of simple and relevant investment solutions.
Let us talk about the flagship product – ICICI Prudential Large and Mid Fund.
About ICICI Prudential Large & Mid Fund
Investment objective
To generate capital appreciation through investments in equity & equity-related instrument of large-cap & mid-cap companies.
Investment process
The ICICI Prudential Large & Mid Fund follows a blended style of investing which consists of growth and value stocks of large and mid-cap companies.
The Scheme will aim to hold optimum exposure to large and mid-cap stocks depending on the fund manager’s view on market valuations.
The portfolio construction involves investing in high-conviction quality stocks. The Scheme will remain sector agnostic and would use a combination of top-down and bottom-up research for stock selection.
A top-down approach will be based on macroeconomic conditions, and underlying trends while a bottom-up approach shall be followed for selecting stocks with growth and value prospects, low leverage levels, good corporate governance, robust financials, and good cash flow management.
Portfolio composition
The portfolio holds the major exposure in large-cap stocks at 56% and sectorally major exposure is to financial services that account for almost 29% of the portfolio. The top 5 sectors hold nearly 67% of the portfolio.
Source: Value Research
Top 5 holdings
| Name | Sector | Weightage % |
| HDFC Bank | Financial | 8.06 |
| Bharti Airtel | Communication | 5.63 |
| ICICI Bank | Financial | 5.09 |
| Infosys | Technology | 3.36 |
| NTPC | Energy | 3.34 |
Source: Value Research
Performance over 28 years
If you would have invested 10 lakhs at the inception of the fund, it would be now valued at Rs 5.87 crore.
Source: Moneycontrol
The ICICI Prudential Large & Mid Fund has given consistent returns and has outperformed the benchmark over the period of 24 years by generating a CAGR (Compounded Annual Growth Rate) of 18.22%.
Fund manager
Ihab Dalwai is the Fund Manager for ICICI Prudential Large & Mid Fund and has been associated with ICICI Prudential AMC since April 2011.
Who should invest?
Investors looking to
- Hold a portfolio of majorly large-cap and mid-cap companies
- Build core equity portfolio for long-term wealth creation with steady growth
Why invest?
- ICICI is a renowned name in the finance industry with a proven track record
- Strong stock selection approach with the top-down and bottom-up approach
Horizon
- One should look at investing for a minimum of 5 years or more
- A systematic investment Plan (SIP) is an ideal way to take exposure as it helps tackle market volatility
Conclusion
The ICICI Prudential Large & Mid Fund has delivered consistent returns over 24 years with a proven track record and has delivered 18.22% CAGR consistently.
Thus, suitable for investors who want a focused portfolio of large-cap & mid-cap companies.
