Invest ICICI Prudential Balanced Fund Online
Launched in 1999 amidst turbulent times, the fund now has a track record spanning 17 years. In the past 5 years, it has delivered annualized returns in excess of 15 per cent and has a 10 year return track record of 13 per cent per annum.
Core Philosophy
The fund maintains a minimum of 65 per cent to maximum of 80 per cent exposure to equity while the remaining in debt. The equity levels in the range of 65-80 per cent are determined using an in-house Price to Book Value (P/BV) model in which current market levels are compared to the fair value range to determine under or over valuation of the market. A lower P/BV than the fair value range triggers an increase in equity levels and vice versa. The rebalancing of equity portion takes place on a weekly basis.
Strategy
The Scheme looks at a blend of large and mid-cap stocks. While the large cap stocks represent established enterprises with track record, the midcaps are smaller businesses with long-term growth potential. It proposes to concentrate on business and economic fundamentals driven by in-depth fundamental research. The Scheme seeks to actively manage the debt portion based on the view of the debt market with an aim to benefit from changing interest rate cycles. The Scheme also invests in fixed income securities, which offer reasonable accrual with credit rating AA and above and tactical allocation to longer maturity papers.
Risk Management
The funds have a stock universe across market capitalizations. However, the conservative nature of investors is kept in mind while constructing the portfolio. Hence, they do not take any aggressive calls on any leveraged sector or companies. They tend to avoid companies with high valuations. Using bottom up, they pick up stocks with long term perspective. They also assign very high weightage to corporate governance standards of the companies where we are invested and how they treat minority shareholders.
Core Philosophy
The fund maintains a minimum of 65 per cent to maximum of 80 per cent exposure to equity while the remaining in debt. The equity levels in the range of 65-80 per cent are determined using an in-house Price to Book Value (P/BV) model in which current market levels are compared to the fair value range to determine under or over valuation of the market. A lower P/BV than the fair value range triggers an increase in equity levels and vice versa. The rebalancing of equity portion takes place on a weekly basis.
Strategy
The Scheme looks at a blend of large and mid-cap stocks. While the large cap stocks represent established enterprises with track record, the midcaps are smaller businesses with long-term growth potential. It proposes to concentrate on business and economic fundamentals driven by in-depth fundamental research. The Scheme seeks to actively manage the debt portion based on the view of the debt market with an aim to benefit from changing interest rate cycles. The Scheme also invests in fixed income securities, which offer reasonable accrual with credit rating AA and above and tactical allocation to longer maturity papers.
Risk Management
The funds have a stock universe across market capitalizations. However, the conservative nature of investors is kept in mind while constructing the portfolio. Hence, they do not take any aggressive calls on any leveraged sector or companies. They tend to avoid companies with high valuations. Using bottom up, they pick up stocks with long term perspective. They also assign very high weightage to corporate governance standards of the companies where we are invested and how they treat minority shareholders.
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Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund
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5. Franklin India TaxShield
6. ICICI Prudential Long Term Equity Fund
7. IDFC Tax Advantage (ELSS) Fund
8. Birla Sun Life Tax Relief 96
9. Reliance Tax Saver (ELSS) Fund
10. Birla Sun Life Tax Plan
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