ICICI Prudential Commodities Fund – Direct Plan-Growth
This is 2 years and 6-month-old Commodity -Thematic Equity Fund from ICICI Prudential Mutual Fund launched on October 15, 2019. It is an open-ended medium-sized fund of its class.
The Asset Under Management (AUM) of this fund is Rs 787.66 Crore. The Net Asset Value (NAV) declared on eleventh May 2022 is Rs 25. The fund has an expense ratio of 0.91%. The expense ratio is low when in comparison with its class common. Of 1.11%.
It is rated a extremely dangerous fund for funding. The benchmark of this fund is NIFTY Commodities. To begin funding on this fund, the minimal quantity required for lump-sum cost is Rs 5,000 and for extra funding, it’s Rs 1,000. The minimal quantity required to start out SIP is 100. There isn’t any lock-in interval on this fund as it isn’t relevant. Iy prices 1% for redemption inside 90 days of the funding.
The fund is greatest appropriate for traders who goal to put money into a portfolio which invitations predominantly in corporations engaged and commodity-related sectors and achieves targets. The fund is appropriate for an funding horizon of 5 years.
Absolute And Annualised Returns
Lump-Sum Investment Returns
It has delivered 9.22% returns within the final 1-year. Whereas, since its launch, it has delivered 42.79% common annual returns.
| Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 9.22% | 9.22% |
| 2 Year | 219.69% | 78.80% |
| Since Inception | 150.00% | 42.79% |
SIP Returns
On 1-year SIP, the fund has delivered unfavorable returns.
| Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | -1.03% | -1.92% |
| 2 Year | 55.31% | 48.99% |
Portfolio
The fund invests 91.91 p.c of its property in shares, with 55.36 p.c in massive cap shares, 19.05 p.c in mid degree shares, and 12.85 p.c in small cap shares. Government securities account for 1.26 p.c of the fund’s debt place. Materials, Metals & Mining, Chemicals, and Energy make up the majority of the fund’s holdings. When in comparison with different funds within the class, it has much less publicity to Materials, Metals, and Mining. Ambuja Cements Ltd., Ultratech Cement Ltd., Tata Steel Ltd., Grasim Industries Ltd., and JSW Steel Ltd. are among the many high holdings of the fund.
Disclaimer
Mutual fund investments are topic to market danger. Read all scheme associated paperwork, and Terms and Conditions rigorously earlier than investing. The above-mentioned data is only informational and does not assure any return. The Greynium Information Technologies and the Author aren’t accountable for any losses prompted because of a choice based mostly on the article.
