ICICI Pru Manufacturing Fund(IDCW Payout)
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Business Overview
ICICI Pru Manufacturing Fund is an equity mutual fund designed for investors looking to capitalize on the growth potential of the manufacturing sector in India. This fund focuses on companies that are poised to benefit from the government's initiatives to boost manufacturing and infrastructure. It is ideal for those seeking long-term capital appreciation with periodic income through dividend payouts.
- Focuses on the growing manufacturing sector in India
- Ideal for long-term investors seeking capital growth
- Offers regular income through dividend payouts
- Managed by experienced fund managers
- Aligned with government initiatives for manufacturing growth
Investment Thesis
ICICI Pru Manufacturing Fund stands out due to its strong backing from the reputable ICICI Group, ensuring credibility and trust. The fund is well-positioned to capitalize on the growing digital services sector, offering significant growth potential. Additionally, its attractive valuation compared to peers makes it a compelling choice for investors seeking long-term gains.
- Strong promoter group backing enhances credibility and investor confidence.
- Significant growth potential in the burgeoning digital services sector.
- Attractive valuation compared to industry peers, offering better returns.
- Focus on manufacturing aligns with India's economic growth trajectory.
- Proven track record of performance, making it a reliable investment option.
Peer Perspective
ICICI Pru Manufacturing Fund trades at a premium compared to peers like HDFC Manufacturing Fund and SBI Manufacturing Fund. For a rerating, consistent margin stability and growth acceleration are essential.
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10BusinessHighManufacturing sector is evolving with technology but faces competition.
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10GrowthHighConsistent revenue growth observed, but profit margins are under pressure.
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10ProfitabilityHighROE and ROCE are decent, but cash flow is inconsistent.
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8ValuationHighP/E and P/B ratios are higher than peers, indicating overvaluation.
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7BalanceHighModerate debt levels, but liquidity is a concern.
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6GovernanceGoodPromoter holding is stable, but some pledging exists.
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5DriversGoodGrowth drivers are present, but execution risks are significant.
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5TechnicalsGoodMarket sentiment is mixed with low liquidity.