ICICI Prudential PMS Flexi Cap Strategy

KEY PORTFOLIO ATTRIBUTES #

Year of Inception 2000-12-22
Number of Stocks 33
Alpha (1Y) 9.09%
Beta (1Y) 1.05

About ICICI Prudential PMS

ICICI Prudential Portfolio Management Services (PMS) enjoys a rich parentage of two large organizations ICICI Bank Ltd which is India’s largest private sector bank in addition to being one of the most trusted brands in financial services and Prudential Plc UK, an international financial services company, with significant operations in Asia, US and UK. ICICI Prudential PMS offers multiple portfolio options to cater to varied types of investor needs.

Key People

Anand Shah CIO, Alternates
Geetika Gupta
Geetika Gupta Fund Manager
Anand Sharma
Anand Sharma Portfolio Manager

Investment Objective

ICICI Prudential PMS Flexicap Strategy is a diversified equity portfolio that endeavours to achieve long term capital appreciation and generate returns by investing across market cap.

Investment Strategy

The Investments are targeted at long-term capital appreciation and follows GARP (Growth at Reasonable Price) Philosophy. The focus is on identifying stocks with attractive growth prospects that are available at reasonable valuations. The investment strategy follows a mix of a top-down and a bottom-up approach.

The top-down approach is used to identify key macroeconomic and sectoral themes and subsequently helps to identify stocks that are expected to benefit from the same. A bottom-up approach is applied based on the belief that there are always individual companies that provide attractive investment opportunities under various industries and market conditions.

The prominence given to the top-down vs. bottom-up approach would vary from time to time depending on macroeconomic, sectoral and company specific fundamentals.

The Portfolio Manager would aim to give weightage to other factors like effective management, scalable businesses and pricing power of the company, sustainable competitive edge and visible brands, while selecting investment ideas.

The Portfolio Manager aims to maintain a diversified portfolio by investing in a basket of stocks across market capitalization, without any undue concentration in any stock or sector. The Strategy’s multi-cap investment approach, based on valuation gaps between large, mid and small cap stocks, may facilitate participation in India’s growth story and at the same time, the Portfolio manager aims to benefit from diversification.

The Strategy aims to follow a buy and hold strategy with and aim to fully capitalise on the true underlying value of the business potential, which is expected to get unlocked over a period of time. However, the portfolio may be actively managed to take advantage of certain market trends with an endeavour to enhance returns.

Thus, this investment style aims to provide flexibility to the Portfolio in capturing opportunities through different stages of the economic cycle with relatively low risk.

Awards & Achievements

• In 2023, ICICI Prudential PMS Contra Strategy was awarded as the Best PMS across all categories, on a 1Y Risk-Adjusted Returns. These Awards were hosted by PMS AIF WORLD, in association with IIM-Ahmedabad.

• In 2021, ICICI Prudential Long Short Fund, a Cat III Long Short AIF, was awarded as the Best AIF in the Cat III Long Short category, on a 2Y Absolute Returns basis. These Awards were hosted by PMS AIF WORLD, in association with IIM-Ahmedabad.

Performance Table #


Trailing Returns (%) 1m return 3m return 6m return 1y return 2y return 3y return 5y return 10y return Since inception return
ICICI Prudential PMS Growth Leaders Strategy5.80%11.20%34.50%50.50%26.60%24.20%21.13%17.49%12.81%
BSE 500 TRI3.40%6.10%25.00%38.60%20.20%20.50%18.21%16.26%13.24%

QRC Report Card *




VIEW DETAILED QUALITY, RISK, CONSISTENCY ANALYSIS

Portfolio Holdings


Holding %
ICICI Bank Ltd 7.88
Larsen & Toubro Ltd 6.29
Bharti Airtel Ltd 5.44
Cummins India Ltd 5.05
State Bank of India 4.83

Sector Allocation


Holding %
Banks 26.30
Transport Services 7.31
Industrial Products 7.07
Construction 6.93
Ferrous Metals 6.55

Market Cap Allocation


Allocations %
Large Cap 62.57
Mid Cap 22.44
Small Cap 15.13
Cash -0.1

Do Not Simply Invest, Make Informed Decisions

WISH TO MAKE INFORMED INVESTMENTS FOR LONG TERM WEALTH CREATION

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Disclaimer

#Returns as of 30 Apr 2024. Returns up to 1 Year are absolute, above 1 Year are CAGR.

*QRC Report Card data is updated quarterly. Current data is as of Mar 24.


Do Not Simply Invest, Make Informed Decisions

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