ICICI Prudential BHARAT 22 Fund of Funds (FOF) Scheme is an equity-oriented mutual fund that primarily invests in the BHARAT 22 Exchange Traded Fund (ETF). The BHARAT 22 ETF comprises 22 companies from various sectors, reflecting the government’s initiative to divest its holdings in select public sector enterprises. As a Fund of Funds, this scheme invests at least 80% of its assets in large-cap stocks through the BHARAT 22 ETF.
Category: Equity
Launch Date: June 29, 2018 Assets Under Management (AUM): ₹2,177.77 crore as of March 3, 2025
Risk Level: Very High
Performance Metrics
As of March 5, 2025, the fund’s performance is as follows:
- 1-Year Return: 50.78%
- 3-Year Return: 32.48%
- 5-Year Return: 25.5%
These returns indicate a strong performance, especially in the short term.
Expense Ratio & Exit Load
- Expense Ratio: 0.13% for the Regular plan as of September 30, 2024
- Exit Load: Not applicable
Portfolio Composition
The fund’s portfolio mirrors the BHARAT 22 ETF, which includes 22 companies across various sectors. The sector-wise allocation and top holdings are designed to reflect the composition of the BHARAT 22 Index.
Fund Manager Details
The fund is managed by Nishit Patel, who has been associated with ICICI Prudential Mutual Fund since December 2024. Prior to this, he has worked with ICICI Prudential AMC Treasury Mutual Fund Operations.
Investment Strategy
The fund adopts a passive investment strategy by investing in the BHARAT 22 ETF, which aims to replicate the performance of the BHARAT 22 Index. This approach provides investors with exposure to a diversified portfolio of large-cap companies across various sectors.
NAV (Net Asset Value) & Investment Options
- Latest NAV: ₹28.83 as of March 5, 2025
- Minimum Investment:
- Lumpsum: ₹5,000
- SIP: ₹1,000
Why Choose ICICI Prudential BHARAT 22 FOF Scheme?
- Diversified Exposure: Investors gain access to a diversified portfolio of 22 large-cap companies across various sectors.
- Government-backed Entities: The fund includes investments in prominent public sector enterprises, offering potential stability.
- Low Expense Ratio: With an expense ratio of 0.13%, the fund is cost-effective.
Why Not Choose ICICI Prudential BHARAT 22 FOF Scheme?
- High Risk: The fund is categorized under ‘Very High’ risk, making it suitable for investors with a high-risk appetite.
- Concentration in Specific Sectors: The fund’s performance is closely tied to the sectors represented in the BHARAT 22 Index, which may lead to sector-specific risks.
Performance of Companies in the Fund
The performance of the top companies in the BHARAT 22 ETF varies based on market conditions and sectoral performance. Investors should monitor the financial trends, growth potential, and risk factors associated with these companies to assess the fund’s future performance.
In conclusion, ICICI Prudential BHARAT 22 FOF Scheme offers investors an opportunity to participate in a diversified portfolio of large-cap companies, primarily from the public sector. While the fund has shown strong performance in recent years, potential investors should carefully consider the associated risks and their investment objectives before investing.
