ICICI Pru Nifty SDL Dec 2028 Index Fund
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Business Overview
The ICICI Pru Nifty SDL Dec 2028 Index Fund is a passive investment vehicle designed to track the performance of the Nifty SDL Dec 2028 Index. Ideal for conservative investors seeking stable returns, this fund invests primarily in state development loans, providing a safer alternative to equity markets. It matters because it offers a predictable income stream while helping to diversify your investment portfolio. With a focus on long-term growth, this fund is a smart choice for those looking to secure their financial future.
- Passive investment tracking Nifty SDL Dec 2028 Index
- Ideal for conservative investors
- Focus on state development loans for stability
- Offers predictable income streams
- Helps diversify your investment portfolio
- Supports long-term financial growth
Investment Thesis
ICICI Pru Nifty SDL Dec 2028 Index Fund stands out due to its robust backing from the ICICI Group, a credible and established name in finance. With the growing demand for digital services, this fund is well-positioned for growth. Its attractive valuation compared to peers makes it an appealing choice for investors seeking long-term stability and returns.
- Strong backing from the reputable ICICI Group enhances credibility.
- Significant growth potential in digital services sector.
- Attractive valuation compared to peer funds, offering better entry points.
- Focus on SDLs aligns with government initiatives for infrastructure.
- Long-term investment horizon with a target maturity date of December 2028.
Opportunity vs Risk
- Exposure to government securities
- Potential for stable returns
- Diversification in fixed income
- Long-term investment horizon
- Growing interest in index funds
- Interest rate fluctuations
- Market volatility impacts returns
- Liquidity concerns for long-term funds
- Credit risk in underlying securities
- Regulatory changes affecting funds
Peer Perspective
ICICI Pru Nifty SDL Dec 2028 Index Fund trades at a slight premium compared to peers like HDFC and SBI funds. A rerating could occur with improved margin stability and consistent growth in underlying assets.
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10BusinessHighThe fund is invested in a future-ready sector with a clear model.
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10GrowthHighConsistent revenue and profit growth observed in underlying assets.
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10ProfitabilityHighROE and ROCE are stable, but OCF is slightly lower than net profit.
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8ValuationHighValuation metrics are in line with peers, but slightly on the higher side.
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7BalanceHighDebt levels are manageable, with good liquidity.
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6GovernanceGoodPromoter holding is strong, but some concerns on disclosures.
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5DriversGoodGrowth drivers are present, but execution risks remain.
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5TechnicalsGoodMarket sentiment is neutral with moderate liquidity.