The Government has announced several ambition plan towards connecting India and other related development project. There is a plan to carry out large scale ban recapitalization in order to revitalize struggling public sector banks. Government is taking positive steps to boost and support the rural economy.

In the last few years, the Government of India has taken structural reforms that could boost the economy and strengthen the growth prospects of "Bharat". These reforms are targeted towards infrastructure development, revival of struggling Public Sector Banks and re-energizing rural India.

Following are the structural reforms that could impact Bharat:

1. Building Highway Bharatmala Project

2. Housing for All

3. Incresing Financial Transparency

4. One Nation One Tax: Good & Services Tax (GST)

5. Electrifying Rural India

6. Recapitalization of Indian Public Sector Banks

Also following are the recent announcements which could have a positive impact:

1) The Government of India has unveiled an ambitious mega plan to develop 83,677km of roads with an investment of Rs 6.92trn over the next five years. The plan includes the Bharatmala Pariyojana (Bharatmala).

2) It announced a large scale bank recapitalization plan of INR 2.11trn to revitalize the public sector banks struggling with high levels of NPAs.

3) Indirect tax reform implemented in 2017

4) Government is also taking positive steps like development of rural housing, electrification and initiatives in irrigation to support rural economy.

 We believe Rising Bharat will give investment opportunities in the below mentioned themes and ICICI Prudential Value Fund - Series 19, a close-ended equity scheme aims to capture these opportunities.

The Key Themes & Sectors in this Fund are:

Infrastructure – Build Bharat (Sector Impacted are Capital goods, Cement, Steel, Engineering and Power)

Mega Highway project of building 83,000 KM of roads over the next five years with a Capex Outlay of Rs.6.92 lac crore

3500 km of railway lines to be commissioned and 24200 railway lines to be electrified by FY -2018

PMAY Housing scheme and household electrification under the saubhagya scheme to be carried out by FY -2018

Banking – Financing Bharat – (   Sector impacted are Banks, consumer financing, NBFC, Micro Finance, Auto financing)

Cumulative capital infusion of INR 2.11trn for large scale recapitalization of Public sector Banks struggling with NPA

Rural Economy expected to pick up post 2 year of good monsoon, boosting auto loan financing and consumer financing

Rural Consumption –Rural Bharat

Rural economy is set to pick up post 2 years of good monsoon

Government focus on reviving economy with initiatives like rural housing, electrification, spends in irrigation and corp finance

Rural consumption of FMCG product on a rise with increase of 13% in the quarter

Penetration of mobile telephony and increase in usage of data

Features of ICICI Prudential Value Fund - Series 19, a close-ended equity scheme

  • Themes that can benefit from government reforms those are likely to play out well with 3.5 year’s investment horizon.
  • Helps in bottom-up stock selection with ~3.5 year’s view.
  • Ability to reduce net equity risk at market peaks.
  • Aims to limit downside of the portfolio by using hedging strategies.

Description

Feature

Tenure

1262 Days

NFO Period

21st December , 2017 to 4th January 2018

Fund Type

Close-Ended Equity Scheme

MICR/RTGS Cheque

Till end of business hours on 4th January 2018

Switches

Switches from equity scheme and other scheme -4th January 2018; Till cut off time

Option to be launched

ICICI Prudential Value Fund –Series 19-Growth & Dividend

Entry/ Exit Load

Nil

Minimum Application Amount

Rs.5000/-(Plus in multiple of Rs.10)

Liquidity

To be listed

Benchmark

S&B BSE 500 Index

Fund Manager

Sankaran Naren & Vinay Sharma

 

Based on above summary you can decide on ICICI Prudential Value Fund Series 19 mutual fund to Invest. In case of form filing or availability to pick up form you can contact Manish Tervankar at 8424949136

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