ICICI Prudential AMC has adopted various other strategies like the PIPE strategy and the Flexicap strategy. These have also offered good returns over a longer period.
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Investing in assets is one of the most important things in the present time. It gives people a backup option and also offers another source of income for them. One of the safest and most popular ways to invest money is to put it in mutual funds. But in order to earn good returns, it is just not enough to choose the right mutual fund; it is equally important to choose the right fund manager as well.
A good fund manager has the ability to give higher returns on the money even when the market is at risk. Currently, there are five main portfolio management services (PMS) that give the best performances. Among them, the fastest-growing PMS in the last year has been the ICICI Prudential AMC.
The ICICI Prudential AMC has not just shown positive results in terms of its performance; the asset management company was also the first to get the PMS licence in 2000. The company has always been a trendsetter since then and has launched many investment-themed products.
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Over the years, it has also been able to build a large customer base. The team of Anand Shah, who is the Head of PMS at ICICI Prudential, has covered around 470 stocks across more than 25 sectors.
Another important feature of ICICI Prudential AMC is that it uses the contra strategy of putting money in the market. Contra is a contradictory or completely opposite approach to investing. Its objective is to invest in areas where entry barriers are high and that are going through challenging times due to adverse business cycles and special circumstances or crises in the industry. Putting money into the contra strategy has been quite beneficial in the past year. Reportedly, it has given returns of 44%, compared to 24% of the benchmark S&P BSE 500 TRI.
ICICI Prudential AMC has adopted various other strategies like the PIPE strategy and the Flexicap strategy. These strategies have also offered good returns over a longer period.
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Investments are seen over a long period of 5 to 10 years, so there is a possibility of better returns. In order to have good returns, it is important that the valuation of the company in which money is to be invested be correct.
