ICICI Prudential Fund NAV Drops 0.23% to 11.9879
By Market Desk
ICICI Prudential Long Term Fund’s NAV fell 0.23% to 11.9879 on Sep 16, 2022. High exposure to GOI securities dominates its debt-focused portfolio.
The ICICI Prudential Long Term Fund – Direct Plan registered a Net Asset Value (NAV) of 11.9879 as of September 16, 2022.
This marked a daily decrease of 0.23% for the fund, reflecting market movements on that specific date.
Key Fund Metrics
- NAV (September 16, 2022): 11.9879
- Daily NAV decrease: 0.23%
- Primary asset class: Debt
- GOI securities exposure (April-September 2022): 63% to 68%
- Number of holdings (April-September 2022): 7 to 8
The fund’s asset allocation strategy is predominantly anchored in Debt instruments, forming the core of its investment approach.
A significant portion of its portfolio is concentrated in Government of India (GOI) securities, which consistently held the highest exposure among its holdings.
Portfolio Concentration and Stability
Analysis between April and September 2022 reveals that exposure to GOI securities ranged consistently from 63% to 68% of the fund’s total assets.
This high and consistent allocation underscores a clear focus on sovereign debt within its long-term strategy.
Over the same period, the fund maintained a stable number of holdings, typically between 7 and 8 positions.
This indicates a focused and less diversified approach in terms of the number of distinct investments within its debt portfolio.
The consistent structure suggests a deliberate strategy for managing its long-term bond exposure.