A new entrant in our 'Best Buy' list, ICICI Prudential Equity & Debt Fund has seen many market cycles in its lifetime. The fund's seasoned management and reasonably consistent performance make it stand out. And since this fund has a value investing style, it can add style diversity to your portfolio. Who is it suitable for? For the uninitiated, aggressive hybrid funds majorly invest in equity and have some allocation in fixed-income (debt). The latter helps provide stability when markets are volatile. Therefore, these funds tend to be relatively less volatile than all-equity funds. While they won't deliver chartbuster numbers during a rally, they'll cushion the downside when markets fall sharply. This makes them suitable for conservative or first-time equity investors unfamiliar with the equity market's sharp ups and downs. Investment strategy of the fund ICICI Prudential Equity & Debt Fund maintains a stable asset allocation, with an average 70 per cent equity allocation and the rest invested in debt and cash. Equity allocation Sankaran Naren, known for his value style of investing in the industry, is at the helm of this fund. You can find a strong imprint of his value ethos in this fund. About 40 per cent of the fund's holdings overlap with the AMC's popular Value Discovery Fund. Naren's decades-long track record in practising this fine craft flies in the face of those who argue that quality and value seldom go together in a growth-led economy like India. So, from a diversification perspective, this fund is a good fit because the other funds on our recommendation list sport a growth tilt. The fund follows the AMC's in-house price-to-book model to decide the equity composition. It practises buy-and-hold with a sharp focus on valuations. Unlike many others, the fund manager is okay wi
Buy, hold, or switch. Get the call.
How's my portfolio doing? What do I need to fix? Where should I invest next? Fund Advisor answers each one. The Advisor Note every Saturday. A live session with Dhirendra Kumar every second Saturday.
No commissions. No conflicts. Since 1991.
See Plans
Already a subscriber ?Log In
New episodes every Friday 
New Process Alert 
Seems like you've uploaded a wrong QR code. Please upload the QR code downloaded from MF Central platform.
