ICICI Prudential PMS- Large Cap

Key Attributes

Inception Date: 17th March, 2009

Fund Manager Name: Mr. Anand Shah

Fund Manager Experience: Two decades of investment experience

Fund Manager Qualification:

Anand Shah was the recipient of ‘The CIO of the Year Award 2014-15’ from Asia Asset Management and has also won multiple other fund level awards for his investment performance. By qualification, he is a Post Graduate Diploma in Management from Indian Institute of Management, Lucknow and holds a B.E. degree from Regional Engineering College, Surat.

Investment Objective

ICICI Prudential PMS Largecap Strategy is a diversified equity portfolio that endeavours to achieve long term capital appreciation by investing predominantly in largecap companies.

Portfolio Strategy

The Strategy seeks to achieve capital appreciation through investments in Indian companies or sectors with potential for growth. The Strategy aims to predominantly invest in companies that tend to grow earnings at a fast pace and are reasonably priced.

 

The Strategy aims to generate alpha by active sector rotation through a top-down approach. The top-down approach is used to identify key macroeconomic and sectoral themes, and subsequently to help identify stocks that are expected to benefit from the same. The Strategy intends to reduce concentration risk through diversification at the stock and sector levels. The Strategy seeks to invest in largecap companies with a proven track record, effective management and good growth potential.

Why Largecap Companies?

  • These companies are usually market leaders in their industries having a strong & diversified customer base across a wide range of products allowing them to sustain in challenging times.
  • These companies tend to enjoy the benefits of experienced management and usually have a long track record of performance.
  • Largecap companies usually are fundamentally strong companies which are generally well capitalized having a lower debt to equity ratio along with sizeable cash reserves, access to credit and potential to withstand tougher times over the long term.
  • Largecaps are considered to be relatively safer compared with other market cap stocks by way of low volatility.

Historically, largecaps have generally fallen by a lesser extent relative to the broader markets. Hence, Largecaps may turn out to be a relatively stable investment avenue in turbulent economic conditions.

The Strategy aims to follow a “buy and hold” approach. It aims to identify companies that offer reasonable potential for long-term growth.

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