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ICICI Prudential Commodities Fund


Analyst's Choice?

Suitability:

This is a fund that invests mainly in companies that adhere to the narrow investment mandate mentioned in its investment objective.

We believe that investors should avoid funds that have a narrowly defined investment focus such as this one. Instead, they should invest in multi cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.

But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other thematic fund, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -4.00 -3.05 -2.86 -7.86 -1.60 -- -- -- -- -- --
S&P BSE 500 TRI -1.15 -2.01 -1.35 -3.30 0.86 -- -- -- -- -- --

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 4.50 (06-Jan-2020 - 13-Jan-2020) -6.00 (27-Jan-2020 - 03-Feb-2020)
Month 8.03 (16-Dec-2019 - 15-Jan-2020) -6.00 (03-Jan-2020 - 03-Feb-2020)
Quarter 7.60 (16-Oct-2019 - 15-Jan-2020) -3.89 (04-Nov-2019 - 03-Feb-2020)
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
S&P BSE 500 TRI* 11.88 12.82 0.48 0.72 -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 31-Jan-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 30
Top 10 Stocks (%) 61.07
Top 5 Stocks (%) 38.79
Top 3 Sectors (%) 89.88
Portfolio P/B Ratio 1.24
Portfolio P/E Ratio 14.81

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 37,202 66,864
Giant (%) 13.56 38.08
Large (%) 56.48 25.81
Mid (%) 20.11 24.55
Small (%) 9.84 13.94
Tiny (%) -- 0.41

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up JSW Steel Metals 11.75 8.97 2.61 8.50
up Tata Steel Metals 9.24 8.24 0.00 8.24
up Hindalco Inds. Metals 9.40 8.50 4.34 7.92
equal Ultratech Cement Construction 35.94 9.50 7.59 7.59
equal Ambuja Cements Construction 19.89 8.63 6.54 6.54
up PI Industries Chemicals 45.18 5.41 4.30 5.41
down ACC Construction 19.21 8.48 4.84 4.84
equal Vedanta Metals 5.85 5.12 3.23 4.15
up Hindustan Zinc Metals 10.18 4.14 2.19 4.01
up BPCL Energy 12.90 4.00 3.09 3.87
up Jindal Steel & Power Metals -- 3.77 0.00 3.77
up GAIL Energy 8.48 3.68 3.32 3.65
up Reliance Industries Energy 21.12 5.78 2.32 3.49
equal Tata Metaliks Metals 11.69 3.49 2.36 3.02
equal HPCL Energy 12.21 5.61 3.01 3.01
equal Grasim Industries Construction 11.75 3.12 0.00 2.96
new Indian Oil Corp. Energy 8.07 1.96 0.00 1.96
equal SAIL Metals 896.20 1.78 0.00 1.75
equal National Aluminium Metals 25.60 2.02 0.00 1.65
equal Rain Industries Construction 24.40 1.79 1.49 1.49
equal JK Cement Construction 24.42 1.41 0.20 1.41
down Moil Ltd. Metals 8.59 1.34 0.00 1.19
up Indian Metals & Ferro Alloys Metals -- 0.95 0.00 0.95
new Shree Cement Construction 64.13 0.95 0.00 0.95
new Sarda Energy & Minerals Metals 3.38 0.89 0.00 0.89

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jan-2020

Fund Manager

— Mittul Kalawadia since 25-Sep-2019

Education: Mr. Kalawadia is a B.Com. from Mithibai College, M.Com. from University of Mumbai and CA. from ICAI.

Experience: He has been associated with ICICI Prudential since 2012.

Funds Managed:

— Sankaran Naren since 25-Sep-2019

Education: Mr. Naren is a B.Tech from IIT Chennai and MBA (Finance)from IIM Kolkata.

Experience: Prior to joining ICICI Prudential AMC he has worked with Refco Sify Securities India Pvt. Ltd., HDFC Securities Ltd. and Yoha Securities.

Interviews:

Funds Managed:


-3.05%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 9.8500

Dividend: ₹ 9.8500


Investment Strategy

The scheme seeks to generate long-term capital appreciation by creating a portfolio that is invested predominantly in Equity and Equity related securities of companies engaged in commodity and commodity related sectors.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 100
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1
Minimum Balance (₹) --
Exit Load 1% for redemption within 365 days

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 15-Oct-2019
Return Since Launch: -1.50%
Benchmark: NIFTY Commodities TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 18 Cr (As on 31-Jan-2020)
Expense: 2.43% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: --
Turnover: --

Contact Information

AMC: ICICI Prudential Asset Management Company Ltd

Address: One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai - 400051

Phone: 022-26525000 / 1800-222-999 / 1800-200-6666

Fax: 022-26528100

Email: [email protected]

Website: www.icicipruamc.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

Upcoming Video

Investors' Hangout

Time to bet big on mid- and small-cap funds?

dateFriday, 28-Feb-2020
time12:30 PM - 01:00 PM