One such scheme that has performed well in the past three-year and five-year periods with respect to its benchmark (Nifty 50) is ICICI Prudential Focused Blue Chip. Fund manager Manish Gunwani has been with the scheme for more than five years. It invests close to 90% of its portfolio in large companies and the remaining in mid-sized companies.
There are a few parameters ICICI Prudential Focused BlueChip Equity scheme's fund manager takes into account before selecting a stock. These are: dividend record, cashflow from operations, robust corporate governance and dominant market share. These parameters facilitate the selection of superior performers among large companies. This strategy has paid off for the scheme as it has beaten its benchmark by a wide margin. In the past three-year and five-year periods, the scheme has delivered 12% and 17% returns, respectively while the Nifty 50 has delieverd 7% and 14% returns, respectively in the same period.
In the past six months, Gunwani has bought and also enhanced exposure in companies which are a mix of high growth and value stocks. These companies represen the aforementioned selection parameters and are likely to do well in the coming quarters. A few prominent companies it has invested in include InterGlobe Aviation, ICICI Bank, Muthoot Finance, Asian Paint and Ashok Leyland
Invest Rs 1,50,000 and Save Tax up to Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds. Save Tax Get Rich
For further information contact SaveTaxGetRich on 94 8300 8300
OR
You can write to us at
Invest [at] SaveTaxGetRich [dot] Com
OR
Call us on 94 8300 8300
No comments:
Post a Comment