ICICI Prudential Asset Allocator Fund Review 2023 | Invest in ICICI Prudential Asset Allocator Fund

Summary

The video discusses the ICICI Prudential All-Capped Equity Fund of Funds, which invests in various schemes rather than directly in equity and debt. It falls under the hybrid mutual fund category and offers diversification benefits for stable returns. The fund has been delivering an average return of 11.83% since its inception in 2003 and has a significant allocation in ICICI Prudential Savings Fund and other schemes. The fund is open-ended with growth and income distribution options available. It is suitable for investors with a three-year investment horizon and carries tax implications similar to debt funds.

Takeaways

• 😀 The video discusses the ICICI Prudential Equity and Debt Fund of Funds, which is a hybrid mutual fund that does not invest directly in equity or debt.
• 💼 The fund manager invests in different defensive schemes, categorizing it under hybrid multi-fund schemes, specifically the multi-asset allocation category.
• 📊 To achieve diversification, the fund manager can invest in a minimum of three different asset classes, including equity, debt, and gold, with at least 10% allocation in each.
• 📈 The fund has been performing well since its inception in December 2003, providing an online average return of 11.83%.
• 🏆 The fund has allocated its assets in 21 schemes, with the highest allocation in the ICICI Prudential Savings Fund at 25.83%.
• 💼 The top 10 scheme holdings account for 84.04% of the fund's assets, indicating a concentrated investment approach.
• 🏦 The fund's average credit rating is triple A, with the majority of holdings in government securities at 33.24%.
• 💹 The fund is open-ended, offering both growth and income distribution options, with a minimum investment amount of ₹5000.
• 💰 The fund's expense ratio as of December 31, 2022, was 1.4%, which is a factor to consider when evaluating the cost of investing.
• 💡 The video advises considering this fund for a long-term investment horizon of three years or more and to review the portfolio regularly to ensure it aligns with investment goals.

Q & A

What is the name of the fund discussed in the video?

The fund discussed in the video is named ICICI Prudential, an Asset Allocation Fund of Funds.

What type of investments does the fund manager make in this fund?

The fund manager invests in different defensive schemes rather than directly in equity and debt.

In which category does this fund fall under?

This fund falls under the category of Hybrid Mutual Funds.

What is the minimum investment amount required to invest in this fund?

The minimum investment amount required is ₹5000.

What is the minimum SIP amount if one prefers to invest through SIP?

The minimum SIP amount is ₹1000.

What are the options available for capital distribution in this open-ended scheme?

The options available for capital distribution in this open-ended scheme are growth and income distribution cum capital redemption options.

What is the average credit rating of the securities allocated in this fund?

The average credit rating of the securities allocated in this fund is Triple A.

What is the percentage of government securities in the fund's holdings?

The percentage of government securities in the fund's holdings is 33.24%.

What is the exit load if units are sold within 365 days?

If units are sold within 365 days, a 1% exit load will be applicable.

What is the applicable tax rate for this fund?

The applicable tax rate for this fund is the death tax rate, which includes short-term capital gain tax if units are redeemed within 3 years, and long-term capital gain tax if units are held for more than 3 years with a deduction rate of 20%.

How can one get assistance if they want to review their portfolio to see if this fund is suitable for them?

One can get assistance by sending a WhatsApp message to 72177 4624, and the experts will help review the portfolio.