This Retirement Fund Is Good To Start SIP, Outperformed Category Average – Goodreturns

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A retirement plan is intended to assist you plan for your post-retirement years and live a stress-free existence. A solution-oriented retirement mutual fund plan, for example, can help you build your money while also providing a steady income for the rest of your life. These programmes let you to put money down for your retirement while you are still working. Here, this ICICI retirement mutual fund fund, over the years, has offered a promising return.

ICICI Prudential Retirement Fund - Pure Equity Plan - Direct Plan - Growth

ICICI Prudential Retirement Fund – Pure Equity Plan – Direct Plan – Growth

NAV Fund Size Expense Ratio
₹17.80 ₹ 150.26 Cr 1.16%

NAV as on 23 February 2022

The ICICI Prudential Retirement Product Pure Equity Plan-Direct Plan – Growth is a hybrid multicap fund from the ICICI Prudential Mutual Fund company. As of 31 January 2022, the AUM of ICICI Prudential Retirement Fund – Pure Equity Plan Direct – Growth was Rs 150 crores. The fund’s expenditure ratio is greater than the average for the category. You get the benefit of diversity with this fund. The minimum investment for a lump sum payment is Rs 5000, whereas the minimum investment for a SIP is Rs 100. The ICICI Prudential Retirement Fund Pure Equity Plan Direct Growth has a 5-year lock-in period. The fund’s portfolio, which is primarily comprised of equities and equity-related assets, is designed to provide long-term capital appreciation and income to investors. The fund posses moderate risk for investments.

Returns

Returns

The fund’s returns performance is promising as it delivered more than double returns when compare to the category average return. In 1 year, it has given 35.05% annualised returns, which is close to 3 times of the category average returns. In SIP Investment, the fund has given 51.38% absolute returns.

Lump Sum Returns

Period Invested Absolute Returns Annualised Returns Category Avg
1 Year 35.05% 35.05% 12.58%
2 Year 66.20% 28.74% 12.92%
Since Inception 78.00% 21.26% 13.13%

SIP Returns

Period Invested Absolute Returns Annualised Returns
1 Year 18.32% 35.24%
2 Year 51.38% 45.43%
Portfolio

Portfolio

The fund is invested in Indian equities to the tune of 90.15 percent, with 73.96 percent in big cap stocks, 1.64 percent in mid cap stocks, and 5.11 percent in small cap stocks. The majority of the money in the fund is invested in the financial, healthcare, technology, communication, and insurance industries. In comparison to other funds in the category, it has less exposure to the Financial and Healthcare industries. HDFC Bank Ltd., Bharti Airtel Ltd., HCL Technologies Ltd., Axis Bank Ltd., and Infosys Ltd. are the fund’s top five holdings.

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn’t guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.

Story first published: Thursday, February 24, 2022, 11:02 [IST]