ICICI Prudential Mutual Fund

Sankaran Naren, executive director and chief investment officer at ICICI Prudential Asset Management Company, in conversation with Puneet Wadhwa

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Total equity value for the top 20 AMCs increased 5.1 per cent month on month (MoM) and 35.6 per cent year on year (YoY) in March 2022

The fund will open on January 13 and closes on January 27

The new fund offer (NFO) will open for subscription on January 5 and conclude on January 22

ICICI Pru NFO open between September 16-27, that of Aditya Birla Sun Life between September 15-23

Fund house says transactions reversed without any loss to customers

The Flexicap fund from ICICI Prudential MF aims to follow a mix of top-down and bottom-up approach to spot opportunities in large-, mid- and small-cap spaces respectively

The MD and CEO of the fund house says India remains attractive as firms have deleveraged, credit growth is very low, capex cycle is yet to revive and profit-to-GDP ratio is low too

Stick to open-end schemes where you can enjoy liquidity

The fund has consistently outperformed its peers (funds ranked under the low duration category in CMFR in March 2021) over the trailing periods under analysis

In an interview with Ashley Coutinho, he says current valuations are not very expensive, especially when viewed in the context of low interest rates

The fund will employ a top-down approach using macro indicators such as inflation, growth, and deficit, and scout for opportunities in the Nifty 500 universe. The NFO closes on January 12

Currently, most funds in this category have a short track record

Both Tata MF and ICICI Prudential MF had suspended fresh flows into their arbitrage schemes

Credit risk funds invest mainly in corporate bonds that are below the highest rating assigned by credit rating agencies

The small cap segment is set to dominante the landscape for the next three to five years, after under-performing for two years, it said

With this repayment, ICICI Prudential Mutual Fund's exposure to Essel Group has come down to nil

Funds will have to adhere to sectoral caps and restrictions applicable to foreign investment in Indian equities

The best approach to investing in the current market is through the systematic investment plan (SIP) route. Barring a few names, the broader markets, in general have turned attractive