ICICIdirect Money Manager – July 2019

MUTUAL FUND ANALYSIS

Portfolio:

The portfolio comprises 43
stocks. Currently, the portfolio
is tilted towards large caps
(~64%) while midcap and
small cap stocks make up the
rest. The fund has significant
exposure to large private
corporate centric banks,

indicating a play on capex

cycle revival. However, the

fund also has stocks catering to

the retail segment. The fund

has handpicked public sector

banks (non PCA) with relatively

better capital adequacy poised

to benefit from a revival in the

credit cycle.

%

5.2

4.9

4.7

4.2

3.7

3.6

3.5

3.4

3.3

3.2

Top 10 Holdings Asset Type

The Ramco Cements Ltd. Domestic Equities

ICICI Bank Ltd. Domestic Equities

Larsen & Toubro Ltd. Domestic Equities

Domestic Equities

Timken India Ltd. Domestic Equities

Grindwell Norton Ltd. Domestic Equities

Kalpataru Power Transmission Ltd. Domestic Equities

Reliance Industries Ltd. Domestic Equities

HDFC Bank Ltd. Domestic Equities

Praj Industries Ltd. Domestic Equities

Honeywell Automation India Ltd.

%

12.9

12.7

12.6

8.1

5.7

4.7

4.4

4.2

3.7

3.6

Top 10 Sectors Asset Type

Cement & Construction Materials Domestic Equities

Bank - Private Domestic Equities

Bearings Domestic Equities

Construction - Real Estate Domestic Equities

Consumer Durables - Electronics Domestic Equities

Abrasives Domestic Equities

Transmission Towers / Equipments Domestic Equities

Refineries Domestic Equities

Engineering - Construction Domestic Equities

Engineering - Industrial Equipments Domestic Equities

%

0.9

1.1

Whats In

Bharat Heavy Electricals Ltd.

Polycab India Ltd.

%

2

Whats out

3M India Ltd.