ICICI Prudential Top 100 Fund

ICICI Prudential Top 100 Fund is managed by an experienced manager Sankaran Naren and Mittul Kalawadia. The fund invests exclusively in securities of multinational companies in order to fuel growth in the long term. It was a good performer but performance has tapered off. If you have invested in this fund keep close watch on performance.

Where does ICICI Prudential Top 100 Fund invest your money?

ICICI Prudential Top 100 Fund is a large cap fund which means most of your money will be invested in large companies. And just to give kicker returns the fund has some exposure in mid cap companies as well. Large cap companies tend to be stable compared to mid cap and small cap companies. It has 88.65% exposure to large size companies, 10.36% exposure to mid size companies and 0.99% to small size companies.

Suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home Purchase
Not Suitable for?
  • Creating wealth quickly
  • Short term needs
How much to invest?

Minimum one time investment is Rs 5000 and minimum SIP is Rs 1000 per month. You can make ICICI Prudential Top 100 Fund as part of your core portfolio. Core portfolio is investments that are made for your basic goals and makes up about 70% of your investment portfolio. Do not do the mistake of investing in too many mutual fund schemes. At any point of time do not have more than two mutual fund schemes in your core portfolio. 

Our recommendation for fresh investment
Our recommendation for existing investment
How has ICICI Prudential Top 100 Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in July 1998, your value of investments would be around Rs 13.03 lakhs. If you had invested Rs 1 lakh five years back it would have become Rs 1.35 lakhs. The performance has been better than that of the many large cap mutual funds. 

Assume you had invested Rs 10,000 every month in it through SIP for the past 5 years today you would have around Rs 8.05 lakhs.

How will ICICI Prudential Top 100 Fund perform in the future?

Needless to say no one can predict the future of markets. We have firm belief in the future prospects of the Indian economy. If the Indian economy grows at 9% then the leading companies tend to do well. When the companies do well their stock prices follows their performance. 

So if you expect the economy to grow at 8% then you can expect top performing mutual funds to give you returns in excess of 14%. We advise you to avoid too much of star gazing and future prediction. Be reminded that equities are one of the asset classes that have the potential to beat inflation. Your aim for core portfolio should be to beat inflation.

When to review?

Once you invest in the fund do not get into the habit of checking the NAV daily or monthly. Review the performance once a year. Too much attention is not good.

What charges apply?

A onetime fee of Rs 100 is charged on investments over Rs 10, 000 made through distributors. If you are a first time investor in mutual funds an additional Rs 50 is charged to cover KYC expenses. This is deducted from your investment and can be skipped if you buy directly from the mutual fund via their website or offices.

If units are sold within 180 days an exit load of 3% is deducted from your total returns and if you sell anytime between 181 - 540 days then 2% would be deducted from your total returns. No exit load applies for units withdrawn post one this. Expense ratio of ICICI Prudential Top 100 Fund is 2.61%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.

When to enter?

Now! There is no good time to invest rather than now. Do not try to time the market and especially so if it is an SIP. Do not follow news channel and other experts to know the right time to invest. In the long run it does not matter. Mutual fund is unlike a stock where you are looking at the right price. This job will be done by the mutual fund scheme manager. If you have planned your investments and decided on the amount you want to invest do not think further, just go ahead.

When to exit?

Withdraw when your goals are close to achievement. Do not remove the money when the markets go up or down. Do not panic. Stick to your goals.

What are the tax implications?

The returns in an equity mutual fund are absolutely tax free, provided you do not withdraw within 1 year. 

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