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Icici prudential value_fund-series_3_presentation

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Information about Icici prudential value_fund-series_3_presentation
Finance

Published on February 21, 2014

Author: centaurfin

Source: slideshare.net

Description

Presentation about ICICI Prudential one of the largest Asset Management Companies in India is launching a New Fund Offer (NFO) opening on February 28, 2014 and closing on March 14, 2014. Disclaimer: Read Offer and related documents before investing.
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GOOD COMPANIES at DISCOUNTED PRICES OUR OUR VALUE INVESTMENT PHILOSOPHY INVESTMENT PHILOSOPHY S O Value Fund - Series 3 Fu S A Close-Ended Equity Scheme NFO Period: February 28, 2014 to March 14, 2014

Contents 1 Why Now? 2 Market Valuations 3 Identifying Value in the market 4 Some of our existing Value Picks 5 ICICI Prudential Value Fund Series 3 2

Why now? 3

Why now? Changing Landscape of Indian Economy 4

Why now? Macros shaping up: Growth next top priority

Why now? Economic Indicators now and then Economic Indicators November’13 December’13 February’14 Impact

Why ICICI Prudential Value Fund – Series 3 Bigger Opportunity 7

Market Valuations 8

Market valuations Below Long Term Average 3 28 2 24 22 2 8 Nifty Trailing P/E Ratio 7 Avg PE 4 3 4 2 2 Nifty Trailing P/B Ratio Avg PB

Market valuations - Valuations lagging Fundamentals India’s Nominal GDP vs Market cap

Market valuations - Polarisation Rebased to 100 3 3 2 2 2 8 2 o 2 2 e o me s 2 Bottom 8 2 2 e o me s 2 3 BSE 2 4

Market Valuations Another Opportunity to Enter 1,080 1,060 State Elections 1,040 1,019.81 1,020 995.11 1,000 980 960 973.90 940 920 6Dec13 13Dec13 20Dec13 27Dec13 3Jan14 10Jan14 17Jan14 24Jan14 31Jan14 7Feb14 S&P BSE MID CAP S&P BSE Sensex S&P BSE SMALL CAP

Identifying Value in the Market

Identifying Value in the market Mid & Small Cap discount to Sensex 2010-14: Discount continues to remain substantial 2006-08: Mid & Small Caps running ahead of Large caps 100% 110% 105% 90% 100% 80% 95% 70% 85% 90% 80% 60% S&P BSE Mid Cap S&P BSE Small Cap Jan-14 Oct-13 Jul-13 Apr-13 Jan-13 Oct-12 Jul-12 Apr-12 Jan-12 Oct-11 Jul-11 Apr-11 Oct-10 50% Jan-11 75% 70% S&P BSE Mid Cap S&P BSE Small Cap

Identifying Value in the market 240 Index Performance Election 2009 120 220 115 200 110 180 105 160 100 140 95 120 90 100 85 80 Index Performance Election 2004 80 Election Phase NIFTY Index BSEMDCAP Index 2009 Pre Election From 16-Jan-09 To 17-Apr-09 BETA 0.89 Alpha -5% During Election 17-Apr-09 Post Election 18-May-09 18-May-09 14-Dec-09 0.72 1.71 -5% 35% Election Phase BSEMDCAP Index NIFTY Index 2004 Pre Election From 22-Jan-04 To 21-Apr-04 BETA 0.98 Alpha 2% During Election 21-Apr-04 Post Election 21-May-04 21-May-04 17-Dec-04 0.80 1.24 4% 21%

Identifying Value in the Market Potential for Value Unlocking in Upstream Oil companies FY 2012 -2013 Oil Company 1 28 Oil Company 2

Identifying Value in the Market Deregulation of Fuel prices S BSE Oil as nde iesel ices (Rs l R S 4 2 48 4 44 42 Au - 2 No - 2 e - 3 ay- 3 Au - 3 No - 3 4 e - 4

Identifying Value in the Market Yuan appreciation and Indian manufacturing sector Germany France Canada Japan US Italy UK Spain Korea Brazil Mexico Thailand China Philippines India 4 Yuan/USD 2 7 Manufacturing compensation (US $ per hour) 2 3 8 4 Factors that could boost the manufacturing sector in India: a eciation

Identifying Value in the Market Capacity Utilization, Profits and market cap of an Auto company 550,000 500,000 Capacity Utilization(%) Market Cap (INR mn) 450,000 400,000 350,000 300,000 250,000 200,000 150,000 2 FY 10 A ( NR m 8 87 FY 11 FY 12 2 3 2 4

Identifying Value in the Market 45000 40,687.60 40000 35000 26,269.84 30000 25000 20000 21,589.45 15000 10000 10,265.27 5000 0 S&P BSE Sensex Natco Pharma Ltd Amara Raja Tech Mahindra Ltd

Some of our existing Value Picks

Some of our existing Value Picks A Pharmaceutical company Stock Price 4 2 8 4 2 2 2 2 2 2 2 3 22

Some of our existing Value Picks An Engineering company Stock Price 8 4 2 8 4 2 2 2 2 2 2 2 3 23

Some of our existing Value Picks A Power transmission company Stock Price 3 2 8 2 2 2 2 2 2 3 24

The Product Value Fund - Series 3 This product is suitable for investors who are seeking*: diversified portfolio of stocks through fundamental analysis. HIGH RISK (BROWN) Note: Risk may be represented as: (BLUE) investors understand that their principal will be at low risk (YELLOW) investors understand that their principal will be at medium risk (BROWN) investors understand that their principal will be at high risk

About the fund #

Investment Approach Absolute and relative basis Cyclical stocks Contra play Growth stocks at reasonable valuations Others 27

Stock Selection Process Recurring process + stoc s Data Integrity Screens 3 Investable Universe Com any Cha acte istics inancial St en th Business u a ility ana ement Beha io Valuation & Fundamental verification alue a amete s o E B ood i idend ields Att acti e ROE ROCE High Conviction Portfolio (25 - 30 stocks)* Daily Risk control 28

Analytics on ICICI Prudential Value Fund – Series 1 & 2 Quantitative Indicators ICICI Prudential Value Fund - Series 1 ICICI Prudential Value Fund - Series 2 CNX Nifty Index S&P BSE 500 Index

Scheme Features Type of scheme A Close ended equity scheme Investment Objective Options Minimum Application Amount Entry Load Exit Load Benchmark Index Fund Manager Direct Pla Regular Plan

Disclaimers Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. ICICI Prudential Value Fund - Series 1 & 2 are suitable for investors who are seeking*: HIGH RISK (BROWN) portfolio of stocks through fundamental analysis. Note: Risk may be represented as: (BLUE) investors understand that their principal will be at low risk (YELLOW) investors understand that their principal will be at medium risk (BROWN) investors understand that their principal will be at high risk

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