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Useful articles for your finance management by our team of experts

Mutual Fund Review – ICICI Pru Right

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Name of the Fund:Icici Pru R.I.G.H.T (G)

Crisil Rank: NA

Category: ELSS

Expense Ratio: 2.85%

Risk Level: Medium

Benchmark: CNX Nifty

Objective:  To generate long-term capital appreciation to unit-holders from a portfolio that is invested predominantly in equity and equity related securities of large capitalization companies and emerging mid cap companies along with income tax benefit. The investment policies shall be framed in accordance with SEBI (Mutual Funds) Regulations, 1996 and rules and guidelines for Equity Linked savings Scheme (ELSS), 2005 (and modifications to them).However, there can be no assurance that the investment objective of the Scheme will be realized

Returns (Annualized)

1-Year3-Year5-Year
34.4%16.53%NA

Our Review

ICICI Pru  R.I.G.H.T fund has made its inception in the year 2009. Since launch, it has delivered a phenomenal return of 16% annualized. It has also consistently beaten its benchmark as well as category average.

Top holdings of the fund include Motherson Sumi, HDFC bank, Kotak Mahindra bank, Tech Mahindra and Infosys. The fund keeps up its promise of identifying and investing in emerging companies. This reflects in the performance of the fund ever since inception. However, it is yet to tide through a crisis. For now, it is a good fund with dual benefits of tax deduction and returns.

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