ICICI Prudential Mutual Fund, one of the largest mutual fund houses in India, has delivered impressive returns through its top 6 equity schemes over the last year. These funds, focusing on sectors like PSU, healthcare, infrastructure, innovation, manufacturing, and logistics, have provided returns ranging from 53% to 67%. If you’re looking for high-growth investment opportunities, these funds might be worth considering.
Here’s a detailed look at these top-performing equity funds and their remarkable performance over the past year.
1. ICICI Prudential PSU Equity Fund: Leading the Pack with 67.77% Returns
- 1-Year Return (Direct Plan): 67.77%
- AUM (Sept 2024): Rs. 2,450.65 crore
- Benchmark: BSE PSU Total Return Index
- Sector Focus: Public Sector Undertakings (PSUs)
This fund focuses solely on public sector companies like State Bank of India, NTPC, and Power Grid Corporation of India. It has not only delivered the highest returns among the top funds but has also doubled investors’ money in just two years, making it one of the best equity funds in the country.
2. ICICI Prudential Pharma Healthcare and Diagnostics (PHD) Fund: Strong Growth in Healthcare
- 1-Year Return (Direct Plan): 63.76%
- AUM (Sept 2024): Rs. 5,094.08 crore
- Benchmark: BSE Healthcare Total Return Index
- Sector Focus: Pharma, Healthcare, and Diagnostics
Healthcare is a sector known for stability and growth, especially since the pandemic. This fund invests in pharma and healthcare companies that have shown consistent growth, making it a reliable option for long-term investors.
3. ICICI Prudential Infrastructure Fund: Capitalizing on India’s Infrastructure Boom
- 1-Year Return (Direct Plan): 57.11%
- AUM (Sept 2024): Rs. 6,721.35 crore
- Benchmark: BSE India Infrastructure Total Return Index
- Sector Focus: Infrastructure
India’s growing infrastructure sector is the key focus of this fund. With a return of over 57% in the last year, it has capitalized on government initiatives and private sector participation in the country’s infrastructure development.
4. ICICI Prudential Innovation Fund: Betting on Future Technologies
- 1-Year Return (Direct Plan): 56.30%
- AUM (Sept 2024): Rs. 6,566.26 crore
- Benchmark: Nifty 500 Total Return Index
- Sector Focus: Innovation and Technology
Innovation is at the heart of this fund’s strategy. It invests in companies that are pioneers in developing new technologies and services. With a 56.30% return in just one year, this fund has become a favorite for those looking to invest in future-forward companies.
5. ICICI Prudential Manufacturing Fund: Backing the Backbone of the Economy
- 1-Year Return (Direct Plan): 56.08%
- AUM (Sept 2024): Rs. 7,033.06 crore
- Benchmark: Nifty India Manufacturing Total Return Index
- Sector Focus: Manufacturing
This fund focuses on India’s manufacturing sector, which plays a crucial role in the country’s economic development. With a return of 56.08%, it invests in major manufacturing companies that are leading the charge in various industries.
6. ICICI Prudential Transportation and Logistics Fund: Riding the Growth in Transportation
- 1-Year Return (Direct Plan): 53.95%
- AUM (Sept 2024): Rs. 3,246.81 crore
- Benchmark: Nifty Transportation & Logistics Total Return Index
- Sector Focus: Transportation and Logistics
This fund focuses on transportation and logistics, a sector crucial to India’s growing economy. With major investments in railways, shipping, and logistics service providers, this fund has delivered a solid 53.95% return over the past year.
Key Takeaways for Investors
These equity funds from ICICI Prudential have shown excellent returns, but they are best suited for long-term investors who can weather market volatility. Each fund focuses on a different sector, providing diversity in the investment portfolio, which helps in managing risks.
1. Long-Term Investment Strategy
Equity funds are ideal for those who plan to invest for the long term. While these funds have shown strong performance over the past year, it’s essential to have a long-term perspective to maximize returns.
2. Diversification Across Sectors
The top-performing funds cover a wide range of sectors such as public sector companies (PSUs), healthcare, infrastructure, innovation, manufacturing, and logistics. This diversification helps spread the risk across different industries, making these funds less susceptible to downturns in any one sector.
3. High Returns with Market Risks
While the returns of 53% to 67% in one year are impressive, investors should remember that equity funds come with market risks. It’s important to evaluate your risk appetite before investing and consult a financial advisor if needed.
Who Should Consider These Funds?
These ICICI Prudential equity funds are ideal for investors looking to diversify their portfolios and seeking high returns in the long run. However, as with any equity investment, there is always a level of risk involved. Investors must assess their financial goals, risk tolerance, and time horizon before committing to these funds.
Investing in ICICI Prudential’s top-performing equity funds can offer high returns, but it’s important to do your research and consider market risks. If you’re aiming for long-term financial growth and are willing to take on some risk, these funds could be a great addition to your portfolio.
(Disclaimer: This information is provided for educational purposes only and should not be considered financial advice. Consult a financial advisor before making any investment decisions.)
