October 4, 2022
mayank
NFO of ICICI Prudential Nifty Auto Index Fund
NFO opens on September 22 ,2022
NFO will close on October 06 ,2022
(Our detailed Guidance is given at the bottom of the Page)
Investment Strategy
The Scheme seeks to invest in companies whose securities are included in Nifty Auto Index and subject to tracking errors, to endeavor to achieve the returns of the above index. This would be done by investing in all the stocks comprising the Nifty Auto Index in the same weightage that they represent in Nifty Auto Index.
| Basic Details | |
| Fund House: | ICICI Prudential Mutual Fund |
| Issue Open: | 22 September 2022 |
| Issue Close: | 06 October 2022 |
| Type: | Open-ended |
| Category: | Equity : Thematic |
| Min. Investment (Rs): | 1,000 |
| Plans: | Growth, IDCW |
| Lock-in Period: | NA |
| Exit Load: | 0 |
| Riskometer: | Very High |
| Benchmark: | NIFTY Auto TRI |
About Benchmark Index
The NIFTY Auto Index is designed to reflect the behaviour and performance of the Automobiles segment of the financial market. The NIFTY Auto Index comprises 15 tradable, exchange listed companies. The index represents auto related sectors like Automobiles 4 wheelers, Automobiles 2 & 3 wheelers, Auto Ancillaries and Tyres.
NIFTY Auto Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float
market value of all the stocks in the index relative to particular base market capitalization value.
NIFTY Auto Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and
structured products.
Index Variant: NIFTY Auto Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 12.96 | 20.85 | 31.72 | 4.49 | 14.83 |
| Total Return | 13.57 | 22.18 | 33.20 | 5.78 | 16.42 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 23.85 | 25.29 | 24.25 |
| Beta (NIFTY 50) | 1.03 | 1.06 | 0.88 |
| Correlation (NIFTY 50) | 0.76 | 0.81 | 0.81 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 48.09 | 5.31 | 1.00 |
Fund Manager
1) Kayzad Eghlim
Education : Mr. Eghlim is a B.Com (H) and M Com.
Experience : Prior to joining ICICI Prudential AMC he has worked with IDFC Investment Advisors Ltd., Prime Securities and Canara Robeco Mutual Fund.
| Past Performance of his Schemes | ||
| Fund | ICICI Prudential Nifty 50 Index Fund | ICICI Prudential Nifty Next 50 Index Fund |
| 1 Year | -1.91 | 0.38 |
| 3 Year | 14.96 | 15.65 |
| 5 Year | 12.21 | 9.11 |
| 7 Year | 12.46 | 12.38 |
| 10 Year | 12.34 | 14.97 |
2) Nishit Patel
Education : Mr. Patel is a B.Com & Chartered Accountant
Experience : ICICI Prudential Asset Management Company Limited – ETF Business – November 2018 – January 2020.
| Past Performance of his Schemes | ||
| Fund | ICICI Prudential Regular Gold Savings Fund (FOF) | ICICI Prudential BHARAT 22 FOF |
| 1 Year | 5.97 | 18.69 |
| 3 Year | 8.78 | 13.80 |
| 5 Year | 10.04 | — |
| 7 Year | 8.48 | — |
| 10 Year | 3.23 | — |
AMC:
ICICI Prudential Asset Management Company Ltd
Address: One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai – 400051
Website: http://www.icicipruamc.com
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Guidance for NFO of ICICI Prudential Nifty Auto Index Fund
by Paresh Gordhandas, Research Analyst.
Very tempting NFO from the house of ICICI Pru. AMC !! As we see from the data given above, Nifty Auto Index has provided 14.83% pa return since inception and 31.72% return during last one year. Along with strong growth in the Indian economy, the automobile industry is expected to perform exceedingly well, and I expect this Fund scheme has strong potential to bring in solid returns to its investors. Past performance of the fund managers is also satisfactory. Do apply this NFO. You can use Invest online button given on this post.
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