Best ICICI Prudential Large & Mid Cap Fund for Wealth Growth 2024

Traditional investing outlets such as equities, Mutual Fund SIP, and term deposits are no longer the only possibilities for Indian investors looking to enhance their wealth in today’s ever-changing investment market.

Alternative investing platforms have made high-yield opportunities formerly only available to institutions and the ultra-wealthy available to the general public.

ICICI Prudential Mutual Fund, India’s second-largest asset management organisation, with an enormous asset size of over Rs9,637 Lakh crore and a superb reputation in the mutual fund market.

Introducing the Investment criteria of ICICI Prudential Large & Mid Cap Fund

Investment Purpose:

This fund’s principal goal is straightforward: to achieve long-term capital appreciation.

This is accomplished through a well-structured portfolio that is primarily invested in equities and equity-related instruments, with an emphasis on large-cap and mid-cap corporations.

It is critical to stress that, while the goal is lofty, there is no absolute certainty or guarantee of the scheme’s success.

Investment Process:

The fund’s stock selection strategy mixes top-down and bottom-up approaches.

The top-down technique aggressively rotates sectors in order to generate alpha, whereas the bottom-up approach targets companies with strong profitability and scalability, as well as long-term competitive advantages.

Fund Manager:

Mr. Ihab Dalwai, a seasoned professional with a plethora of expertise, is in charge of the fund.

Mr. Dalwai has been sailing the ship for this scheme for eight years as a Chartered Accountant and CFA, exhibiting stability and skill.

His involvement with ICICI Prudential AMC since April 2011 gives another level of assurance to the fund management process.

Portfolio Allocation:

Examining the portfolio composition reveals the allocation approach, with equities accounting for 91.66% of the portfolio. A small percentage, 0.93%, is allocated to debt instruments, emphasising the need of an equity-centric approach. Furthermore, a careful 7.41% is set aside in cash and cash equivalents, indicating a strategic liquidity component.

When delving deeper into the sector distribution, the top 5 holdings demonstrate a well-rounded approach:

Financials: The largest percentage, at 19.97%, reflects a significant emphasis on the financial industry.

Energy: With a stake of 16.07%, it demonstrates a deliberate allocation to the energy sector.

Healthcare: Commands an 11.35% allocation, suggesting a significant presence in the healthcare industry.

Automobiles: Represents a significant portion at 10.77%, demonstrating a concentrated investment in the vehicle sector.

Services: With a 6.4% stake, it has a diverse exposure to the services industry.

This rigors sector-by-sector allocation demonstrates the fund’s dedication to a diversified investing approach, strategically dispersing assets across important sectors to optimise returns and successfully manage risk.

Who Should Make an Investment?

This fund is designed for investors who:

Look for a long-term solution to wealth creation.

They want to diversify their portfolio by investing in both large-cap and mid-cap stocks.

Why should you invest?

Investing in the ICICI Prudential Large & Mid Cap Fund has several advantages:

Opportunity for Higher Capital Appreciation: The fund provides a platform for potentially higher long-term capital appreciation.

Reduced Volatility: By focusing on large-cap equities, the fund tries to reduce total portfolio volatility, giving investors with less volatile and more fair returns.

Investment Horizon: It is recommended that investors consider a minimum investment horizon of 5 years or longer. Choosing a Systematic Investment Plan (SIP) may be a prudent strategy for navigating the inherent volatility of the broader equities market.

Conclusion:

Conclusion: When it comes to mutual funds, the ICICI Prudential Large & Mid Cap Fund stands out as a wise choice for investors wanting exposure to equity and equity-related assets while balancing risk.

It is consistent with the goal of creating long-term wealth in a stable way, making it an appealing alternative for people who prefer a balanced approach over instruments with a higher risk appetite.

As financial environments change, this fund provides an opportunity for strategic and diverse asset creation.

The ICICI Prudential Large & Mid Cap Fund is an excellent alternative for investors looking for a well-balanced exposure to equities and equity-related assets while successfully managing risk. It corresponds well with the goal of producing long-term wealth in a stable way, as seen by its consistent track record. Providing dynamism this fund responds to changing financial circumstances by taking a comprehensive strategy to asset development, making it an appealing option for investors who seek stability and strategic growth in their investment journey.
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