The following are some of the top holdings of the ICICI Prudential Balanced Fund*:
|Banking & Financial Services||South Indian Bank, ICICI Prudential, Oriental Bank, Federal Bank, SBI, HDFC Bank, Axis Bank, ICICI Bank, etc.|
|Telecommunication||Bharti Airtel, Bharti Infratel, etc.|
|Information Technology||Infosys, HCL, Wipro, Tech Mahindra, L&T Infotech, etc.|
|Chemicals||Tata Chemicals, Castrol, etc.|
|Metals & Mining||Tata Steel, Coal India,etc.|
|Pharmaceuticals||Cipla, Sun Pharma, IPCA Labs, Alembic Pharma, Divis Labs, Sanofi India, etc.|
|Utilities||Power Grid Corp, Tata Power, CESC Gujarat India Power, NTPC, etc.|
|Engineering & Capital Goods||Larsen Engineers India, IRB Infrastructure, etc.|
|Automotive||Exide India, Tata Motors, M&M, Etc.|
|Consumer Non-durables||Hindustan Unilever Limited, etc.|
|Food & Beverages||Glaxo Smithkline, Britannia, etc.|
|Oil & Gas||Reliance, IOC, BPCL, etc.|
|Cement & Construction||NCC, Ashoka Buildcon, JK Lakshmi Cement, etc.|
|Services||Healthcare Global, Narayana Hruda Container Corp, etc.|
|Manufacturing||Bharat Electricals, etc.|
|Miscellaneous||Thomas Cook, Titan Company, Jubilant Foods, etc.|
*The above list is indicative and subject to periodic change.
The Investment Manager of ICICI Prudential Balanced Fund would employ the following strategies to identify stocks to invest in:
• The fund intends to generate long-term capital appreciation by investing in stocks, which are closely analyzed and chosen by the fund manager and the team. The strategy is to choose those stocks which offer high returns over a longer time period with relatively lower volatility.
• The fund intends to focus primarily on economic and business fundamentals which are operated by in-depth research practices and selection of strong stocks for investments. A stock-picking process will be employed by means of a “bottom-up” approach. It would seek to recognize those companies which have above-average profitability as well as sustainable competitive advantages. In order to control the risk factors of the investments, the fund would use the “top-down” discipline to ensure representation of companies by various industries.
• On account of risk considerations or liquidity of the mid- and small- cap segments, the ICICI Prudential Balanced Fund would be expected to take a smaller exposure to these companies.
• In the process of stocks selection, the AMC intends to invest in stocks which have long-term growth prospects.
About Fund Manager
Debt Investment Manager: Mr. Manish Banthia
Mr. Manish Banthia is an alumnus of St. Xavier's College and The Indian Institue of Chartered Accounts from where he received his C.A. degree. He is highly qualified and holds an extensive experience in the field of investment funds. He has been working as a Fund Manager at ICICI Prudential Asset Management Company Limited since August 2007. Mr. Banthia also serves as a Fund Manager for several other funds in the debt fund section of ICICI Prudential Mutual Funds. Prior to this, Mr. Banthia worked in the product department of ICICI Prudential Asset Management Company Limited for more than 2 years. He working profile also includes working at Aditya Birla Nuvo Ltd. where he worked from May 2005 to October 2005 and Aditya Birla Management Corporation Ltd. from May 2004 to May 2005.
Equity Investment Manager: Mr. Yogesh Bhatt
Mr. Yogesh Bhatt is an alumnus of the Institute of Cost Accountants of India where he qualified as a chartered accountant. After that, he joined Falcon Brokerage Private Limited where he worked for 3 years. Later on, he joined Sushil Finance Consultants Ltd. in 1999 where he worked as an equity dealer and strategist. Subsequently, he worked as a dealer at ICICI from June 2004 to March 2007. Mr. Bhatt has been working with ICICI Prudential for over a decade now, he has been a Senior Fund Manager of Equity at ICICI Prudential Asset Management Company Limited. Previously, he also served as an International Advisory Fund Manager at ICICI Prudential. Mr. Bhatt is handling a number of ICICI Prudential’s major funds since February 2012 including ICICI Prudential Growth Fund - Series 4.