The Flexicap fund from ICICI Prudential MF aims to follow a mix of top-down and bottom-up approach to spot opportunities in large-, mid- and small-cap spaces respectively
The MD and CEO of the fund house says India remains attractive as firms have deleveraged, credit growth is very low, capex cycle is yet to revive and profit-to-GDP ratio is low too
Stick to open-end schemes where you can enjoy liquidity
The fund has consistently outperformed its peers (funds ranked under the low duration category in CMFR in March 2021) over the trailing periods under analysis
In an interview with Ashley Coutinho, he says current valuations are not very expensive, especially when viewed in the context of low interest rates
The fund will employ a top-down approach using macro indicators such as inflation, growth, and deficit, and scout for opportunities in the Nifty 500 universe. The NFO closes on January 12
Currently, most funds in this category have a short track record
Both Tata MF and ICICI Prudential MF had suspended fresh flows into their arbitrage schemes
Credit risk funds invest mainly in corporate bonds that are below the highest rating assigned by credit rating agencies
The small cap segment is set to dominante the landscape for the next three to five years, after under-performing for two years, it said
With this repayment, ICICI Prudential Mutual Fund's exposure to Essel Group has come down to nil
Funds will have to adhere to sectoral caps and restrictions applicable to foreign investment in Indian equities
The best approach to investing in the current market is through the systematic investment plan (SIP) route. Barring a few names, the broader markets, in general have turned attractive
Overall liquid assets have risen despite 23 of the 43 fund houses having witnessed a dip in liquid assets over the past year. This shows preference by investors towards larger fund houses
Election years have historically proved to be volatile, providing investors with intermittent investment opportunities
Regulator finds fund house violated MF code of conduct
The interesting point about this is that it allows to simplify your equity investments to the extreme
ICICI Prudential AMC applied for ICICI Securities' shares through at least four of its schemes, for three of these, the investment is less than 1 per cent of their total corpus
The liquidity fuelled by global central banks is likely to come off over the next year, says S Naren
There are 51 stocks now and nearly 95% of the assets are in giant large-cap stocks