It’s not a fund, it’s a rocket! 25% profit per year, 27% increase in money of SIP people

New Delhi. If you too are looking for a fund that will give a bumper every year and double your money soon, try your hand at ICICI Prudential Business Cycle Fund. The investment in it has doubled in the last 3 years. You can also invest in foreign securities through this fund. The fund has given great returns in both long and short term.

Fund manager Anish Tawke says that if an investor had invested Rs 1 lakh at the time of the fund’s launch (18-Jan-2021), it would have been worth Rs 1.93 lakh by 01-Jan-2024. This means it shows a CAGR return of 24.96%. If the money was invested in the scheme’s benchmark, Rs 1.66 lakh would have been earned. This means a 12.59% annual return received.

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Excellent performance of SIP
Talking about SIP, a person who has invested Rs 10,000 per month from the beginning has invested a total of Rs 3.60 lakh. By January 1, 2024, the value of this investment will increase to Rs 5.23 lakh. This means it is giving a CAGR return of 26.84%. Over the same period, the same investment in the benchmark has returned a CAGR of 20.96%.

The fund rocketed within a year.
On a year-to-date basis, the fund has returned 32.86 percent against its benchmark of 27 percent. The average category return for the same period has been 29.64%. About 54% of the portfolio consists of the domestic sector as the fund seeks to capitalize on the ongoing strong economic activity. Keeping this theme in mind, banks, auto, construction and telecom form a significant part of the portfolio.

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Strategy makes you different.
Business cycle funds invest in defensive sectors such as pharma and IT due to better valuations in the portfolio, which helps mitigate any risk or impact due to geopolitical tensions or slowdown in global growth. Is. About 4% is invested in high-value and foreign securities of various market capitalizations. Generally, the business cycle includes all phases of growth, recession and recovery. Each stage affects a particular sector. This fund is benefiting from all these steps.

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