icicilong-term

What is your opinion on ICICI Pru Exports and Other Services Fund for 20 years?

Is it good for the long term? Any other alternatives?

Asked
Pijush Kanti Biswas

ICICI Pru Exports and Other Services Fund is a sector fund which has consistently outperformed its benchmark since its inception.

A sector fund is a mutual fund which invests in stocks of companies that operate in a particular industry or sector of the economy like Banking funds, Pharma funds, FMCG funds, etc.

Key points for L&T Infrastructure Fund is:

  • This fund has been rated as a 4-star fund by Groww and Ranked 5 by CRISIL.
  • AUM of close to ₹660 Cr. The AUM is less that is also one advantage of the portfolio.
  • Launched in 30 Nov, 2005. So, performance can be ease to judge.
  • Past 3 years return is 13.41% per annum
  • Has consistently outperformed its benchmark BSE S&P 100 and NIFTY 50 since its launch.
  • The top portfolio holdings of the fund include VRL Logistics Ltd., Sun Pharmaceuticals Industries Ltd., Spicejet Ltd., Tech Mahindra Ltd., Lupin Ltd., HDFC etc.
  • The holdings are balanced across various sectors with maximum weightage given to Pharma sector (29.9%).

If you are looking to investing in sector fund, ICICI Pru Exports and Other Services Fund is not among the best sector fund available in market, but is doing average in term of performance. With implementation of GST and with the make in India initiative by Indian Government, this sector bound to grow in future.

But, if you are looking to start investing from long term perspective, sector funds are not a good choice as their performance vary a lot. Sector performance depends a lot on macro factors specific to that sector like in infra government push is a big factor for infra sector to perform.

Some other good sector fund options are:

 Happy Investing!


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