ICICI Mutual Fund: A Bumper Return Investment Option
📈 The number of investors putting money in the stock market is increasing rapidly. If you are one of them, then surely you are looking for a fund that offers bumper returns. Today, we are going to explore one such fund ★ICICI Prudential Business Cycle Fund.
🤝 This fund has witnessed a doubling of investments in the past three years. It not only allows you to invest in domestic securities but also provides an opportunity to invest in foreign securities. The fund has delivered outstanding returns in both the long and short term.
💰 If an investor had invested ₹1 lakh in this fund at the beginning, the value of their investment would have been ₹1.93 lakh on January 1, 2024. This represents a remarkable 24.96% CAGR. In comparison, if the same amount was invested in the benchmark, it would have grown to ₹1.66 lakh, providing a 12.59% annual return.
📊 Impressive SIP Performance: Investors who started with a monthly investment of ₹10,000 have invested a total of ₹3.60 lakh. By January 1, 2024, their investment value would have increased to ₹5.23 lakh, reflecting a CAGR of 26.84%. In contrast, benchmark investments during this period have provided a CAGR return of 20.96%.
📈 Yearly Performance: In the previous year, the fund delivered a return of 32.86% compared to the benchmark’s 27%. The average range return for the period was 29.645%. The portfolio comprises approximately 54% domestic sectors, with a focus on sectors benefitting from the current strong economic activity, such as banking, automobile, construction, and telecommunications.
🌐 Strategy that Sets it Apart: The fund’s portfolio includes investments in defensive sectors like pharma and IT, thanks to good valuation. This helps to minimize risks and mitigate the impact of factors such as geopolitical tensions or global economic slowdowns. Approximately 4% of the investments are in expensive valuations and foreign securities.
🔄 Exploiting Every Phase: In a business cycle, there are phases of growth, recession, and recovery, each affecting specific sectors. This fund benefits from every phase.
💡 So, if you’re looking for a mutual fund that offers exceptional returns, ICICI Prudential Business Cycle Fund should be on your radar. With its impressive performance and diverse portfolio, it has proven to be a lucrative investment option for both short-term and long-term investors.
👉 Don’t miss out on the opportunity to make the most of your investments. Invest in ICICI Mutual Fund and let your money grow! 🚀
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
