ICICI Pru Nifty200 Value 30 Index Fund(IDCW)
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Business Overview
The ICICI Pru Nifty200 Value 30 Index Fund (IDCW) is a mutual fund that aims to provide investors with exposure to the top 30 value stocks from the Nifty 200 index. It is designed for those seeking long-term capital appreciation through a diversified investment in fundamentally strong companies. This fund is ideal for investors looking for a systematic approach to wealth creation while benefiting from the growth potential of value stocks in the Indian market.
- Invests in top 30 value stocks of Nifty 200
- Focuses on long-term capital appreciation
- Diversified exposure to strong companies
- Ideal for systematic investment plans
- Managed by a trusted financial institution
Investment Thesis
ICICI Pru Nifty200 Value 30 Index Fund offers a compelling investment opportunity due to its strong promoter backing, significant growth potential in digital services, and attractive valuation compared to peers. This fund is well-positioned to capitalize on market trends, making it an appealing choice for retail investors.
- Strong backing from ICICI Group, enhancing credibility and trust.
- Significant growth potential in digital services, aligning with market trends.
- Attractive valuation compared to peer funds, presenting a buying opportunity.
- Diversified exposure to top value stocks in the Nifty200 index.
- Solid historical performance, indicating reliability and growth prospects.
Opportunity vs Risk
- Diversified exposure to Nifty 200
- Potential for long-term capital growth
- Low expense ratio
- Rising interest in value investing
- Tax benefits on long-term holdings
- Market volatility impacts returns
- Sector concentration risk
- Economic slowdown effects
- Regulatory changes in mutual funds
- Performance depends on fund manager
Peer Perspective
ICICI Pru Nifty200 Value 30 Index Fund trades at a slight premium compared to peers like SBI Nifty Index Fund and HDFC Nifty 50 Index Fund; a rerating could occur with improved margin stability and consistent growth.
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10BusinessHighThe fund is invested in a diversified portfolio of value stocks, which are generally considered future-ready.
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10GrowthHighThe underlying index has shown consistent revenue and profit growth in the past.
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10ProfitabilityHighROE and ROCE metrics are above industry averages, indicating strong profitability.
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10ValuationHighValuation ratios like P/E and P/B are competitive compared to peers.
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8BalanceHighThe fund maintains a healthy balance sheet with low debt levels.
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7GovernanceHighPromoter holding is stable with no significant pledging.
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5DriversGoodGrowth drivers are present, but execution risks remain.
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4TechnicalsGoodMarket sentiment is neutral with moderate liquidity.