- In Modi, Trump has a leader he can truly work with: experts
- Monsoon session of Parliament from July 17 to Aug 11
- Over 140 people feared buried in China landslide
- Modi to be first world leader to have WH dinner with Trump
- DU announces first cut-off list
- Srikanth reaches 3rd successive Super Series final
- Modi embarks on three-nation tour
CRISIL lists Multicap Fund on top under diversified equity category
Global analytical agency CRISIL has ranked Multicap Fund, one of the best ICICI Prudential’s mutual funds, in top 30 percentile parameter under its diversified equity category. It retained its position as Number One or Two in the past four consecutive quarters ended March 2017, according to CRISIL reports.
The fund’s primary objective is to generate capital appreciation through investments in equity and equity related securities in core sectors and associated feeder industries.
The fund, managed by George Heber Joseph and Atul Patel, has average assets under management worth Rs 2,155 crore till the March 2017 quarter. “The fund’s returns exceeded those of its benchmark indices - S&P BSE 200 - and ranked under the diversified equity category in March 2017 CRISIL Mutual Fund Ranking in most periods,” the report said.
According to the March 2017 portfolio, the fund has 57 stocks across 22 sectors. Over the past few months, the fund has increased the number of stocks in its portfolio, thereby providing better diversification.
“In the past three years, the top five sectors, on average, constituted 52.6 per cent of the fund's portfolio. The top exposure was to the banking sector (averaging 19.89 per cent), followed by pharmaceuticals (10.18 per cent), software (9.25 per cent), auto (6.77 per cent) and finance (6.51 per cent),” the report said.
High exposure to banking has been fruitful for the fund since banking stocks have performed particularly well in the past year. Meanwhile, the other top sectors - software and pharmaceuticals - faced a difficult year, which limited the fund's performance.
- DU admissions to continue till June 28; 2nd cut-off list on July 1 25 Jun 2017 | Shipra Parashar/ Srishti Garg | in Sunday Pioneer
- Gang of mobile thieves busted with arrest of 2, 65 phones seized 25 Jun 2017 | Staff Reporter | in Sunday Pioneer
- Act as per rules, L-G tells vigilance in plea against CM in PWD scam 25 Jun 2017 | SR | in Sunday Pioneer
- In a first, CM opens astro turf in Govt school 25 Jun 2017 | Staff Reporter | in Sunday Pioneer
- Drowned police’s body recovered from Jaitapur 25 Jun 2017 | TN RAGHUNATHA | in Sunday Pioneer
- Kovind to visit UP today to seek support 25 Jun 2017 | PTI | in Sunday Pioneer
- Book on darkest days of democracy released 25 Jun 2017 | NAYAN DAVE | in Sunday Pioneer
- Assets worth Rs 500 cr found in possession of Govt employee 25 Jun 2017 | Omer Farooq | in Sunday Pioneer
- Moral policing: woman tied to tree, assaulted for hrs in Kerala 25 Jun 2017 | PNS | in Sunday Pioneer
- UD Min reviews progress of works to make Varanasi ODF 25 Jun 2017 | PNS | in Sunday Pioneer
STATE EDITIONSView All
25 Jun 2017 | PNS | Dehradun
A regimented protocol of ‘Fast Track Bypass surgeries’ in which a patient can get discharged in three days has been initiated by the Max hospital here. Addressing media persons Senior Consultant Cardiovascular and Thoracic Surgery (CTVS), Dr Manish Meswani said that Coronary Artery Bypass Graft Surgery (CABG) involves counselling of patient and fast tracking the conventional processes...