ICICI Prudential Mid Cap Fund
The fund is managed by an able fund manager but was recently downgraded from Silver to Bronze.
- Category: Equity - Mid Cap
- Bulk of Portfolio: Diversified mid-cap stocks
- Fund Manager: Mrinal Singh
- Fund Benchmark: IISL Nifty Midcap 150 TR Index TR
- Morningstar Benchmark: S&P BSE Midcap TR
- Performance: The fund has underperformed the category average over the past 3 calendar years
- Star Rating: 3 stars
- Analyst Rating: Bronze
- Morningstar Analyst: Himanshu Srivastava
- Date of Analysis: August 2018
Read the brief analyst note here / View the fund performance here
ICICI Prudential Infrastructure Fund
The fund manager recently increased the exposure to mid- and small-cap stocks.
- Category: Equity – Infrastructure
- Bulk of Portfolio: Stocks of companies belonging to the infrastructure theme
- Fund Manager: Sankaran Naren
- Fund Benchmark: IISL Nifty Infrastructure PR
- Morningstar Benchmark: S&P BSE 500 India TR
- Performance: The fund has underperformed the category average over the past 4 calendar years
- Star Rating: 2 stars
- Analyst Rating: Neutral
- Morningstar Analyst: Nehal Meshram
- Date of Analysis: August 2018
Read the brief analyst note here / View the fund performance here
ICICI Prudential Large & Mid Cap Fund
This fund follows a value investing style and a methodical and robust strategy.
- Category: Equity – Large & Mid Cap
- Bulk of Portfolio: Stocks of large- and mid-cap companies
- Fund Manager: Sankaran Naren
- Fund Benchmark: IISL Nifty LargeMidcap 250 Index
- Morningstar Benchmark: S&P BSE 200 India TR
- Performance: 2011, 2012, 2013 and 2016 were good years for this fund, but 2014, 2015 and 2017 found it in the bottom quartile
- Star Rating: 2 stars
- Analyst Rating: Silver
- Morningstar Analyst: Nehal Meshram
- Date of Analysis: August 2018
Read the brief analyst note here / View the fund performance here
ICICI Prudential Multi-Asset Fund
The fund continues to hold long-term appeal despite the recent downgrade from Gold to Silver.
- Category: Multi Asset Allocation
- Objective: To generate capital appreciation and income by investing across asset classes
- Fund Manager: Sankaran Naren
- Fund Benchmark: 10% CRISIL Liquid Fund TR, 10% LBMA AM Fixing Prices PR, 80% IISL Nifty 50 PR
- Morningstar Benchmark: -
- Performance: -
- Star Rating: -
- Analyst Rating: Silver
- Morningstar Analyst: Nehal Meshram
- Date of Analysis: August 2018
Read the brief analyst note here / View the fund performance here
ICICI Prudential Credit Risk Fund
The change in fund manager (from Rahul Bhuskute) warrants a fresh evaluation.
- Category: Debt - Credit Risk
- Bulk of Portfolio: Predominantly in AA and below rated corporate bonds while maintaining the optimum balance of yield, safety and liquidity
- Fund Manager: Manish Banthia
- Fund Benchmark: CRISIL Short Term Credit Risk TR
- Morningstar Benchmark: CRISIL Short Term Bond Fund TR
- Performance: Over the past 8 calendar years, the fund has been in the top 2 quartiles
- Credit Quality: Medium
- Interest Rate Sensitivity: Limited
- Star Rating: 4 stars
- Analyst Rating: Neutral
- Morningstar Analyst: Himanshu Srivastava
- Date of Analysis: July 2018
Read the brief analyst note here / View the fund performance here
ICICI Prudential Medium Term Bond Fund
The short tenure and track record of the fund under its new manager warrants a downgrade.
- Category: Debt - Medium Duration
- Bulk of Portfolio: Range of debt and money market instruments while maintaining the optimum balance of yield, safety and liquidity
- Fund Manager: Manish Banthia
- Fund Benchmark: CRISIL Medium Term Debt TR
- Morningstar Benchmark: CRISIL Short Term Bond Fund TR
- Performance: Over the past 9 calendar years, the fund has been in the top 2 quartiles
- Credit Quality: High
- Interest Rate Sensitivity: Limited
- Star Rating: 4 stars
- Analyst Rating: Neutral
- Morningstar Analyst: Himanshu Srivastava
- Date of Analysis: July 2018
Read the brief analyst note here / View the fund performance here
ICICI Prudential Gilt Fund
The fund has the necessary qualities to make a difference over the long term
- Category: Debt – Government Bond
- Bulk of Portfolio: Gilts of various maturities
- Fund Manager: Manish Banthia
- Fund Benchmark: CRISIL Gilt Index
- Morningstar Benchmark: ICICI Securities Mibex TR
- Performance: From 2013 to 2014, the fund moved from a bottom quartile to top quartile performance; and then fluctuated every alternate year between top quartile and third quartile
- Credit Quality: -
- Interest Rate Sensitivity: -
- Star Rating: 5 stars
- Analyst Rating: Bronze
- Morningstar Analyst: Nehal Meshram
- Date of Analysis: June 2018
Read the brief analyst note here / View the fund performance here
ICICI Prudential Savings Fund
A well-resourced team, an impressive track record, competitive expense ratio make this fund stand out
- Category: Debt – Low Duration
- Bulk of Portfolio: Debt and money market instruments
- Fund Manager: Rahul Goswami
- Fund Benchmark: CRISIL Ultra Short Term Debt PR
- Morningstar Benchmark: CRISIL Liquid Fund TR
- Performance: Over the past decade, this fund has been a top quartile performer every single calendar year
- Credit Quality: -
- Interest Rate Sensitivity: -
- Star Rating: 5 stars
- Analyst Rating: Silver
- Morningstar Analyst: Nehal Meshram
- Date of Analysis: May 2018
Read the brief analyst note here / View the fund performance here
