It’s not a fund, it’s a rocket! 25% return every year, SIP people’s money increased by 27%

New Delhi. If you are also looking for a fund which will give bumper every year and double your money soon, then try your hand in ICICI Prudential Business Cycle Fund. Investment in this has doubled in the last 3 years. Through this fund you can also invest money in foreign securities. The fund has given tremendous returns in both long and short term.

Fund manager Anish Tawakle says that if an investor had invested Rs 1 lakh at the time of inception of the fund (18-January-2021), then by 01 January 2024 its value would have become Rs 1.93 lakh. This means that it shows a CAGR return of 24.96%. If money had been invested in the benchmark of the scheme, Rs 1.66 lakh would have been earned. This means that an annual return of 12.59% has been received.

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Great performance of SIP
Talking about SIP, the person who has made a monthly investment of Rs 10,000 from the beginning has invested a total of Rs 3.60 lakh. By January 1, 2024, the value of that investment would have increased to Rs 5.23 lakh. This means that it is giving CAGR returns of 26.84%. During the same period, the same investment in the benchmark has given a CAGR return of 20.96 percent.

The fund became a rocket in one year
In terms of last one year, this fund has given returns of 32.86% compared to its benchmark of 27%. The average category return for the same period has been 29.64%. Around 54% of the portfolio comprises the domestic sector as the fund seeks to take advantage of the strong economic activity currently underway. Keeping this theme in mind, banks, auto, construction and telecom form an important part of the portfolio.

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Strategy makes you different
Business cycle funds invest in defensive sectors like pharma and IT due to better valuations in the portfolio, which helps in mitigating any risks or its impact due to geopolitical tensions or slowdown in global growth. About 4% is invested in expensively valued and foreign securities across various market capitalizations. Generally, a business cycle includes all the phases of growth, recession and recovery. Each phase affects a particular sector. This fund is taking advantage of all these phases.

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