PERFORMANCE ANALYSIS OF SELECTED MUTUAL FUND INDUSTRY

ICICI Prudential Mutual Fund

By:Brajagopal Mondal(10MBA11) II MBA, KCT-BS

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About ICICI Prudential Mutual Fund

ICICI Prudential Asset Management Company Ltd. is a joint venture between ICICI Bank and Prudential Plc(UK). Average Assets under Management (AAUM) as on Sep 2011 Month-end in Mutual Fund Schemes stood at Rs. 75217.11 Crores. over 15 years of experience, more than 46 Mutual funds schemes, own branch network of over 160 branches and a distribution reach of over 42,000 channel partners.
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Contd..
ICICI Bank is India's second-largest bank with total assets of Rs. 3,634.00 billion (US$ 81 billion) at 31st March, 2010 and profit after tax Rs. 40.25 billion (US$ 896 million) for the year ended 31st March, 2010. The Bank has a network of 2016 branches and about 5219 ATMs in India and presence in 18 countries. ICICI Bank's equity shares are listed in India on Bombay Stock Exchange and the National Stock Exchange of India Limited and its American Depositary Receipts (ADRs) are listed on the New York Stock Exchange (NYSE).

Equity Funds Details

Particulars ICICI Prudential Dynamic Plan ICICI Prudential Focused Bluechip Equity fund May 07, 2008 Rs.5000 S&P CNX Nifty Open-Ended N.A. Upto 1 Year from allotment - 1% of applicable NAV, more than 1 Year Nil Prashant Kothari 2,501.52 ICICI Prudential Discovery Fund ICICI Prudential ICICI Prudential Infrastructure Fund Tax Plan

Launch Date Minimum Investment Benchmark Index Fund Type Entry Load Exit Load

Oct 07, 2002 Rs.5000 S&P CNX Nifty Open-Ended N.A. Upto 1 Year from allotment - 1% of applicable NAV, more than 1 Year Nil Sanjay Parekh 1.05

Jul 23, 2004 Rs. 5000 /CNX Midcap Open-Ended N.A. Upto 1 Year from allotment - 1% of applicable NAV, more than 1 Year Nil Mrinal Singh 1,746.11

Aug 16, 2005 Rs.5000 S&P CNX Nifty Open-Ended N.A. Upto 1 Year from allotment - 1% of applicable NAV, more than 1 Year Nil Prashant Kothari 2,814.68

Aug 09, 1999 Rs. 500 S&P CNX 500 Open-Ended N.A. N.A

Fund Manager Asset Size (Rs. In crores) as on 30 Jun 2011 Crisil Fund Rank 1-year Return Performance View

Chintan Haria 1,323.20

2 -12.7% Buy

1 -8.5% Strong Buy

2 -15.4% Buy

3 -20.7% Average Buy

1 -13.5% Strong Buy

Investment Type
Crisil Fund Category

General Equity
Diversified Equity

General Equity
Large Cap

General Equity
Small & Mid Cap

General Equity
Infrastructure

General Equity
ELSS 5

ICICI Prudential Dynamic Plan- Open ended dynamic equity fund

It focuses on a portfolio of large-cap, mid-cap and small-cap stocks, having a potential of long-term capital appreciation. It also has the ability to move gradually into cash as and when the market gets over-valued. This fund is ideal for Conservative investors with a long-term investment horizon in equity.
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NAV
120 107.94 100 106.65 96.71

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20 80 15 60 Growth Dividend 10 40 5 20 18.23 18.02 16.34 0 0 Jun-11 Jul-11 Aug-11 Std Dev Sharp Ratio Portfolio Beta R Squared Jun-11 Jul-11 Aug-11

Growth Dividend

Jun-11 Jul-11 Aug-11 107.94 106.65 96.71 18.23 18.02 16.34

Jun-11 Std Dev Sharp Ratio Portfolio Beta R Squared 25.48 0.48 0.79 0.92

Jul-11 25.38 0.37 0.79 0.92

Aug-11 26.1 0.2 0.8 0.92 7

ICICI Prudential Focused Bluechip Equity fund

open-ended equity scheme, aims to maximize longterm total returns. focused and optimally diversified portfolio that is invested in equity and equity related securities of about 20 companies belonging to the large cap domain. This fund is ideal for Investors looking at the comfort of investments in large-cap companies.
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NAV
17 16.68 16.5 16 15.5 15 15.13 Growth Dividend 14.43 10 16.54 30

Quantitative Indicators
26.67 26.04 25.99

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15.91

15.78

20

Jun-11
15 Jul-11 Aug-11

14.5
14 13.5 13 Jun-11 Jul-11 NAV

Aug-11

0 Std Dev

0.6 0.51 0.37

0.85 0.84

0.98 R Squared

Sharp Ratio Portfolio Beta

Jun-11 Std Dev Jun-11 Growth Dividend 16.68 15.91 Jul-11 16.54 15.78 Aug-11 15.13 14.43 R Squared 0.98 Sharp Ratio Portfolio Beta 26.04 0.6 0.84

Jul-11 25.99 0.51 0.84 0.98

Aug-11 26.67 0.37 0.85 0.98 9

ICICI Prudential Discovery Fund

open-ended diversified equity fund, invests in companies that are well managed, fundamentally strong, and chosen based on in-depth research. As it is intended to buy these companies at a discount to their fair value, there is also a margin of safety in the value of the portfolio. This fund is ideal for Investors with a long-term investment horizon in equity as it could take time to unlock the value from such stocks. Investors who are looking to further diversify their portfolios by investing in a value fund. Investors who recognize the value strategy of bargain hunting for intrinsically good stocks.
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NAV
60 40 50 35

Quantitative Indicators
34.41 33.64 33.63

48.66

48.89

43.91
40

30 25

30

Jun-1 Growth Dividend

20
15

Jul-11

Aug-1

20

19.58

19.67

17.67
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10 5 0 Jun-11 Jul-11 NAV Aug-11 0 Std Dev 0.63 0.59 0.45 Sharp Ratio 1.02 0.92 0.91 Portfolio Beta 0.93 0.86 R Squared

Jun-11 Jun-11 Growth Dividend 48.66 19.58 Jul-11 48.89 19.67 Aug-11 43.91 17.67 Std Dev Sharp Ratio Portfolio Beta 33.63 0.63 1.02

Jul-11 33.64 0.59 0.91

Aug-11 34.41 0.45 0.92

R Squared

0.86

0.93

0.93

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ICICI Prudential Infrastructure Fund

Open-ended equity fund, focused on capturing the opportunity presented by the long-term growth and development potential of the Indian Infrastructure Sector. The Fund focuses its investments on the core infrastructure sector and allied sectors that directly feed off its growth. This fund is ideal for Investors with a long-term investment horizon in equities. Investors aiming to capitalize on the infrastructure and allied sectors theme.
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NAV
35 30 25 20 35 30 25.84 25 20 Growth Dividend 11.59 10 5 5 0 Jun-11 Jul-11 NAV Aug-11 0 11.43 10.41 10 15

Quantitative Indicators

28.78

28.37

29.29 29.22 28.75

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Jun-11 Jul-11 Aug-11

Std Dev -5

0.92 0.79 0.16 0.02 -0.09 Sharp Ratio Portfolio Beta

0.94 0.91

R Squared

Jun-11 Growth Dividend 28.78 11.59

Jul-11 28.37 11.43

Aug-11 25.84 10.41 Std Dev Sharp Ratio Portfolio Beta R Squared

Jun-11 29.22 0.16 0.92 0.94

Jul-11 28.75 0.02 0.79 0.91

Aug-11 29.29 -0.09 0.79 0.91

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ICICI Prudential Tax Plan

Open-ended equity linked savings scheme, is an opportunity aimed at harnessing the benefits of investing in equity and also providing tax benefits. This fund is ideal for Conservative investors with a investment horizon of 3 to 5 years and are also looking at saving tax
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NAV
160 140 120 100 80 60 40 10 20 0 Jun-11 Jul-11 NAV Aug-11 0 Std Dev 19.04 18.95 17.2 5 25 35

Quantitative Indicators
32.53 31.92 31.91 30

141.72

141.06

127.98

Growth

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Jun-11 Jul-11 Aug-11

Dividend 15

0.99 0.94 0.45 0.39 0.27 Sharp Ratio Portfolio Beta

0.95 0.94 0.9 R Squared

Jun-11 Growth Dividend 141.72 19.04

Jul-11 141.06 18.95

Aug-11 127.98 17.2 Std Dev Sharp Ratio Portfolio Beta R Squared

Jun-11 31.92 0.45 0.99 0.9

Jul-11 31.91 0.39 0.94 0.94

Aug-11 32.53 0.27 0.94 0.95

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Debt Funds Details

Particulars ICICI Prudential Flexible Income Plan Mar 18, 2009 Rs. 15000 /N.A Open-Ended N.A.
N.A

ICICI Prudential Floating Rate Plan Jul 30, 2004 Rs. 10000 /N.A

ICICI Prudential Ultra Short Term Plan Jun 11, 2009 Rs. 5000 /N.A

ICICI Prudential ICICI Prudential Medium Term Plan Long Term Floating Rate Plan Jun 11, 2009 Rs. 5000 /N.A Jul 30, 2004 Rs. 10000 /N.A

Launch Date Minimum Investment Benchmark Index Fund Type Entry Load Exit Load

Fund Manager Asset Size (Rs. In crores) as on 30 Jun 2011 Crisil Fund Rank 1-year Return Performance View Investment Type Crisil Fund

Chaitanya Pande 910.87

Open-Ended Open-Ended Open-Ended Open-Ended N.A. N.A. N.A. N.A. Upto 3 Days from Upto 30 Days from Upto 9 Months from Upto 125 days from allotment - 0.25% of allotment - 0.25% of allotment - 0.50% of allotment - 0.50% of applicable NAV, applicable NAV, applicable NAV, applicable NAV, more than 3 Days - more than 30 Days - more than 9 Months - more than 125 days Nil Nil Nil Nil Chaitanya Pande Chaitanya Pande Chaitanya Pande Chaitanya Pande 354.70 43.87 4.43 354.70

2 8.0% Buy General Debt Ultra Short Term

2 7.8% Buy General Debt Ultra Short Term Debt Retail

Not Ranked 7.8% Not Ranked General Debt -

Not Ranked 8.0% Not Ranked General Debt -

2 7.8% Buy General Debt Ultra Short Term 16 Debt Retail

Category

Debt Retail

ICICI Prudential Flexible Income Plan

Open-ended income fund, seeks to actively manage such risks as a conscious investment strategy by allowing the fund manager to switch the allocation from a 100% debt stance to a 100% cash stance. Provides the flexibility to implement yield curve strategies, or manage interest rate volatility better. Key Benefits A portfolio which strategically deploys funds in the debt markets to take advantage of interest rate risks. Facilitates participation in markets that are large and institution-dominated. Provides the potential to earn total return from both interest and capital gains, with the attendant risks of capital loss as well.
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Growth
190 189.73 189.5

189
188.5 188.25 188 187.5 187 186.5 186 185.5 Jun/11 Jul/11 Aug/11 Growth

186.92

Jun-11 Growth Dividend 186.92 19.04

Jul-11 188.25 18.95

Aug-11 189.73 17.2

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ICICI Prudential Floating Rate Plan

Open-ended income fund, focuses primarily on dynamic interest rates, and takes rapid action when necessary to minimize the impact of these fluctuations on your portfolio.

Key Benefits
A portfolio that focuses on accrual income, which is derived from floating rate instruments. Reduced interest rate risk of longer term instruments.
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Growth
170 167.62 166.47 165.44

165

160 158.26 157.16 156.12 Jun-11 150.93 149.76 148.72

155

155.05 153.99 153.06

Jul-11
Aug-11

150

145

140

135 Plan - A Plan - B Plan - C Plan - D

Plan Plan Plan Plan

A B C D

Jun-11 153.06 165.44 156.12 148.72

Jul-11 153.99 166.47 157.16 149.76

Aug-11 155.05 167.62 158.26 150.93

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ICICI Prudential Ultra Short Term Plan

Open-ended income fund, is designed for such short-term requirement, as it enables deploying of funds for shorter periods of time, from 3 to 6 months. Generates regular income while cautiously monitoring the rate of interest. Key Benefits Investors seeking safety and liquidity, while earning stable and competitive returns, in a scenario where it is difficult to forecast the future interest rate outlook. Conservative investors who may want to outplay the yield in short-term bank deposits in a taxefficient manner.
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Growth
11.35

11.3

11.25

11.2 Growth 11.15

11.1

11.05 Jun-11 Jul-11 NAV Aug-11

Jun-11

Jul-11

Aug-11

Growth

11.15

11.21

11.3

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ICICI Prudential Medium Term Plan

Open-ended income fund, seeks to generate regular income through investments in debt and money market securities. It follows a disciplined investment process . This fund is ideal for Conservative investors looking to earn something extra over a bank savings account in a tax-efficient manner. Investors looking to earn regular accrual income from a debt investment. Investors seeking safety of principal, while earning a stable and competitive return in a scenario where interest rate outlook looks unfavorable from a longer maturity perspective.
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Growth
11.3 11.27 11.25

11.2 11.17 11.15 Growth 11.12 11.1

11.05

11 Jun-11 Jul-11 NAV Aug-11

Jun-11

Jul-11

Aug-11

Growth

11.12

11.17

11.27

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ICICI Prudential Long Term Floating Rate Plan

Long Term Floating Rate Plan, an open-ended income fund, enables such a focus on interest rates. It further extends this benefit by tapping into products whose interest rates are benchmarked to longer term rates.

This fund is ideal for Investors who believe that interest rates in the short to medium term could increase. Investors who prefer floating rate interest income, over gains / losses from changes in portfolio value.

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NAV
18 16 14 12 10.67 10 10.01 10.09 15.95 15.46 16.08 15.58 15.88 15.39

Plan - A Plan - B Plan - C

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6 4 2 0 Jun/11 Jul/11 Aug/11

Plan - A Plan - B Plan - C

Jun-11 15.39 15.88 10.67

Jul-11 15.46 15.95 10.01

Aug-11 15.58 16.08 10.09

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Thank You