The investment strategy spreads its money throughout several asset classes and market capitalizations in an effort to produce returns over a longer period of time. It allocates at least 10% of its ass
"There is no significant benefit to invest in longer-duration assets at this point of time as RBI is expected to remain in a long pause and is not expected to cut rates," CIO Manish Banthia said
ICICI Prudential Bluechip Fund has generated higher returns than its benchmark over the one- and three-year periods by minimising risk and focusing on steady performance
ICICI Prudential's short-term and medium-duration funds outperformed on the back of timely shifts in strategies
Barring PNB Housing Finance, other housing finance stocks indicate weakness, with selling pressure to mount further if crucial levels are breached.
We believe the RBI will pause rates for a longer period after the rate hikes are over. This is a typical attribute of an economy in mid-cycle; a phase India is in currently, says Manish Banthia
The fund's investment objective is to generate long-term capital appreciation and current income from a portfolio invested in equity, equity-related securities, and fixed-income securities
Global factors causing a slowdown and overexposure to this sector are key risks
Morgan Stanley, Citigroup, Bank of America, Abvendus, ICICI Prudential MF were some of the buyers
Since these funds can be volatile, limit your exposure to 5 per cent
At Rs 260 crore, average amount mobilised per new fund offer 57% below last financial year's tally
Limit investments in this space to 10-15% of your corpus, though; pay attention to fund size
Since valuations are higher in this space, a 7-yr horizon with 10% capital outlay can be looked at
There is value in selective pockets within the PSU universe, said Tawakley
Why must India tread cautiously as it joins IPEF? Are eateries taking service charge illegally? What's the investment mantra of ICICI Prudential AMC's S Naren? What is monkeypox? All answers here
Total equity value for the top 20 AMCs increased 5.1 per cent month on month (MoM) and 35.6 per cent year on year (YoY) in March 2022
The fund will open on January 13 and closes on January 27
The new fund offer (NFO) will open for subscription on January 5 and conclude on January 22
ICICI Pru NFO open between September 16-27, that of Aditya Birla Sun Life between September 15-23
Fund house says transactions reversed without any loss to customers