Dileep Madgavkar on his Strategy for Pru-ICICI Growth Fund.

Launched in June 1999, Prudential-ICICI Growth Plan started off by benchmarking its portfolio composition against the S&P CNX Nifty Index. With a blend of growth and cyclical stocks in its kitty, the fund closed year 1999 with a return of 188% surpassing its benchmark by a wide margin. But an overdose of technology saw the fund loosing 33% of its value in year 2000, trailing behind Nifty. Over the longer haul the fund has posted an impressive return of 24.32%. Going forward, Dileep Madgavkar talk about his Investment Strategy for Pru-ICICI Growth Plan Q. What is investment strategy of Prudential ICICI Growth Fund? Dileep: We as a fund house follow bottom up approach for stock selection and investment. Q. Does the fund follow any specific stock selection criteria before investing? Dileep: The fund primarily invests in companies with established busin