Among a barrage of mutual fund schemes that are being run by the fund houses across the board, there are a few that have been around for quite some time now – sometimes longer than two decades.
One such fund is ICICI Prudential Equity and Debt Scheme that has recently completed 23 years. The fund scheme has total assets under management (AUMs) of ₹21,109.35 crore and is seen as one of the largest offering in its category in terms of assets.
The key constituents of the scheme include NTPC, Bharti Airtel, ICICI Bank, Infosys, ONGC, GOI floater 2033, GOI Floater 2034, HCL, RIL, Tata Motors - DVR.
Sector wise, the fund scheme has allocated in banks (13.53%), Information Technology (10.07%), power (7.76%), telecom (7.63%) and automobiles (6.1%).
The scheme’s average P/E ratio is 27.83 and average P/BV is 3.94. The minimum amount one can invest in the scheme is ₹5,000 and an additional investment of ₹1,000.
Returns it gave
The scheme’s CAGR (compound annual growth rate) returns since inception is 14.80 percent per annum, as on November 10.
In other words, if someone had invested a lump sum investment of ₹10 lakhs at the time of inception (Nov 3, 1999), it would be around ₹2.4 crore on Oct 31, 2022. At the same time, a similar investment in Nifty 50 TRI would have yielded nearly ₹1.8 crore.
In terms of SIP performance, a monthly investment of ₹10,000 via SIP since the inception, which would amount to a total investment of ₹27.6 lakhs, would have grown to ₹2.3 crore as of October 31, 2022.
The scheme's fund managers are Sankaran Naren, Mittul Kalawadia, Manish Banthia, Nikhil Kabra and Sri Sharma.
“ICICI Prudential Equity and Debt Fund has stood the test of time and markets over the past 23 years. The scheme aims to provide a mix of two asset classes – equity and debt. Such an approach over long term has aided investors to generate wealth while limiting the portfolio downside during market downturns,” said Abhijit Shah, Head, Marketing, Digital and Customer Experience of ICICI Prudential AMC.