Based on the fund home, ICICI Prudential Flexicap Fund goals to observe a mixture of top-down and bottom-up strategy to determine alternatives in massive, mid and small cap area respectively. The funding universe thought-about would be the S&P BSE 500. The inventory choice might be based mostly on a number of parameters akin to firm fundamentals, valuations, and so forth.
“Flexi cap is one class (as per SEBI Scheme categorisation) among the many fairness schemes which is probably the most versatile among the many fairness scheme choices. The ICICI Prudential Flexicap Fund has the pliability to take a position throughout massive, mid and small cap area with none restriction. We will probably be guided by our in-house market cap allocation mannequin to supply route and assist verify the precise allocation to numerous market caps. Additional, based mostly on macroeconomic components and enterprise cycle, the fund supervisor could positive tune the allocation instructed by the mannequin which will probably be in step with the SID always. This entire mixture of flexibility with management, we imagine, will assist traders to comfortably navigate throughout market situations, and help traders in reaching their monetary objectives successfully,” stated Nimesh Shah, MD & CEO, ICICI Prudential AMC.
The fund home stated that the big/mid/small cap allocation will probably be assessed and re-balanced on a periodic foundation, based mostly on an in-house mannequin and in step with asset allocation of the Scheme. This mannequin contains of parameters akin to valuation, relative energy index differential, market cap weight as a proportion of whole market cap to call a number of. Cues from numerous financial indicators akin to enterprise and financial fundamentals pushed by in-depth analysis strategies, using sturdy inventory choice, long run progress prospects, inflation, present account deficit/surplus, fiscal deficit and so forth. too might be thought-about whereas constructing portfolio of corporations. The Scheme shall observe the funding technique as talked about within the SID.
Minimal utility quantity (together with switches) throughout NFO is Rs 5,000 (plus in a number of of Re. 1).