Equities can be the best asset class over the next 2-3 years and investors should continue to invest with a long term view and through SIP, said Regional Head ICICI Prudential Vaibhav Deshpande while speaking with media persons on Tuesday.
Deshpande said that despite the fact that the MF industry is one of the best regulated sectors in India, people having a MF portfolio in India comprise of less than 3 per cent of the Indian population. In the current environment, the Fund House also prefers large cap and multi-cap funds over mid and small cap funds for investors. Earnings growth in the large cap companies has been higher than mid cap companies.
ICICI Prudential Value Discovery Fund has grown from `971.34 crore in April 2010 to `12704.32 crore as on June 30, 2016, `10000 invested in this fund since inception in August 2004 has grown to `119870 against `53701.34 posted by the scheme benchmark.
leading IFA Natrajan Balasubramaniam told media persons that within the industry, ICICI Prudential is the largest AMC in India as per assets under management data. The Fund House has been successful in launching right products at right time for investors which has helped it to deliver a better investor experience.
The Fund House has witnessed a lot of investor appetite for their flagship schemes like ICICI Prudential Balanced Advantage Fund which saw its assets rise from `250 crore in April 2013 to `12054.76 crores as on June 30, 2016.