Curated By: Business Desk
Last Updated: October 20, 2023, 13:46 IST
Over 3 years, the average return has been 33.6%.
ICICI Prudential Manufacturing Fund Growth has given remarkable returns of 32.86%, 33.6%, and 19.7% over one, three and five years respectively.
Opting for mutual funds as an investment scheme could be more beneficial compared to traditional savings instruments. It offers significant advantages to investors. ICICI Prudential Manufacturing Fund Growth has harnessed this growth delivering substantial returns to its investors. Over the past five years, since its inception in October 2018, ICICI Prudential Manufacturing Fund Growth has consistently generated impressive returns.
ICICI Prudential Manufacturing Fund Growth has achieved remarkable returns of 32.86 percent, 33.6 percent, and 19.7 percent over one, three and five years respectively. These figures outperform the S&P BSE India Manufacturing TRI by 2.6 per cent to 9.6 percent. These returns rank as the top performers among all equity fund categories. It’s worth noting that ICICI Prudential Manufacturing Fund has delivered a strong 25.3 percent SIP return (XIRR) over the past five years.
ICICI Prudential Manufacturing Fund’s consistent three-year performance, from October 2018 to October 2023, is impressive, with an average return of 25 percent.
The total assets under management (AUM) for ICICI Prudential Manufacturing Fund Growth currently stands at 1387.4 crore.
In bullish markets, the fund consistently outperforms the benchmark and during market downturns, it experiences milder declines compared to the benchmark. ICICI Prudential Manufacturing Fund combines value and growth to offer investors a diverse and flexible investment solution.
ICICI Prudential Manufacturing Fund chooses Auto Ancillaries, Capital Goods, and Cement sectors while reducing exposure to Consumer Non-Durables, Metals and Mining, and Oil and Gas in comparison to the benchmark index. It maintains a neutral stance on pharma and healthcare. The fund upholds a well-balanced sector allocation strategy.
SBI Equity Minimum Variance Fund is another manufacturing mutual fund, which has also given substantial return to investors. It currently manages an AUM of Rs 157.25 crore and is benchmarked against NIFTY 50 TRI. In July this year, the scheme allocated nearly all of its assets, about 99.70 percent, to large-cap investments. Notable holdings include Cipla Ltd. at 8.93 percent and Nestle India Ltd. at 7.71 percent. Manufacturing stocks make up 45.90 percent of the scheme’s assets.