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Business Standard
7 days ago
- Business
- Business Standard
Looking for market momentum? ICICI Prudential's new fund may be the answer
In a bid to offer investors a more strategic way to ride market trends, ICICI Prudential Mutual Fund on Wednesday launched the ICICI Prudential Active Momentum Fund—an open-ended equity scheme designed to capture opportunities arising from persistent trends in stock prices and earnings. At the heart of the fund is a unique approach that blends price momentum with earnings momentum, setting it apart from traditional momentum strategies that rely solely on technical price patterns. 'We aim to approach momentum in a fundamental manner by focusing on earnings and estimates momentum, complemented by price momentum,' said Sankaran Naren, Executive Director & Chief Investment Officer, ICICI Prudential AMC. 'India's equity market is diverse, and this strategy allows the fund to flexibly move across sectors and market caps to harness emerging trends.' What Is Momentum Investing? Momentum investing is a strategy that targets stocks already on an upward trend, betting that their momentum will continue in the near term. ICICI Prudential's approach incorporates two distinct forms: Price Momentum: Focuses on stocks that are already rising in price based on technical factors and market sentiment. While effective in the short term, it can be susceptible to sudden trend reversals. Earnings Momentum: Selects stocks with rising earnings estimates or improving analyst ratings—suggesting that the upward trend is supported by improving fundamentals. This is considered more sustainable over time. How the Fund Identifies Momentum The fund uses a hybrid strategy—combining top-down macroeconomic views (sector, policy, interest rate trends) and bottom-up stock analysis (earnings revisions, margins, operational metrics) to identify opportunities. Example: The IT sector historically showed strong stock performance that tracked earnings growth. Similarly, NBFCs showed price volatility based on interest rate cycles—highlighting how macro and micro trends influence momentum. Why Consider This Fund? ICICI Prudential Active Momentum Fund offers flexibility on multiple levels: Moves across sectors – Captures trends wherever they emerge, from tech to industrials. Adaptable investment style – Automatically pivots between growth, value, or quality depending on what's leading the market. Cross-market cap flexibility – Momentum can occur in large-cap, mid-cap, or small-cap stocks, and this fund is built to chase those trends. Dual analysis model – Combines top-down macro insights and bottom-up stock selection for diversified exposure. Key Details : · Name of Scheme: ICICI Prudential Active Momentum Fund · Type: An open ended equity scheme following momentum theme · Benchmark Index: Nifty 500 TRI · Minimum Application Amount: ₹5,000 (plus in multiples of Re. 1) · Minimum Additional Investment: ₹1,000 (plus in multiples of Re. 1) · Exit Load: 1% of applicable NAV for redemptions within 12 months; Nil thereafter · Fund Managers: Ms. Manasvi Shah and Ms. Sharmila D'silva (overseas investments) The Active Momentum Fund's focus on sustainable trends driven by real earnings growth, coupled with the ability to move dynamically across styles and sectors, aims to give investors the edge they need to stay ahead of the curve. As always, potential investors should assess their risk appetite and investment horizon before making any decisions.
Time of India
7 days ago
- Business
- Time of India
NFO Alert: ICICI Prudential Mutual Fund launches active momentum fund
ICICI Prudential Mutual Fund has announced the launch of the ICICI Prudential Active Momentum Fund , an open ended equity scheme following momentum theme. It is an offering designed to capture opportunities arising from persistent price and earnings/estimates trends in the market. The new fund offer or NFO of the fund is open for subscription and will close on July 22. Also Read | NFO Insight: Quant Mutual Fund's equity saving fund opens for subscription. Should you add this in current market scenario? Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bank Owned Properties For Sale In Trung Liet (Prices May Surprise You) Foreclosed Homes | Search ads Search Now Undo The fund will be benchmarked against Nifty 500 TRI and will be managed by Manasvi Shah and Sharmila D'silva. 'We aim to approach momentum in a fundamental manner by focusing on earnings/estimates momentum, complemented by price momentum. India's equity market is diverse with stocks and sectors displaying varied earnings trends at different points in time, and our Scheme aims to capitalise on these trends,' said Sankaran Naren, ED and CIO, ICICI Prudential AMC. Live Events "The Scheme has the flexibility to move across sectors; market caps and uses a combination of top down and bottom-up approach in portfolio construction,' Naren added. The scheme's unique approach combines earnings/estimates and price momentum, allowing it to adapt seamlessly to changing market conditions, and benefiting from sustained trends, according to a release by the fund house. The minimum application amount is Rs 5,000 (plus in multiples of Re 1) and for additional investment, the minimum application amount is Rs 1,000 (plus in multiples of Re 1) An exit load of 1% of applicable NAV for redemptions within 12 months and the exit load will be nil thereafter. Also Read | Best mid cap mutual funds to invest in July 2025 According to the fund house, one should invest in this fund because it provides flexibility to move across sectors thereby widening the universe, moves across styles basis the market trends, provides flexibility to move across market caps depending upon the flows, and lastly has flexible investment approach which means it is mix of top down & bottom up approach. The fund is suitable for investors seeking long-term wealth creation and who want an open-ended equity fund investing in equity and equity related instruments of companies reflecting momentum factors. What is momentum investing ? It is a strategy that aims to capitalize on the continuance of existing trends (price trends or earning trends) in the market.
Economic Times
7 days ago
- Business
- Economic Times
NFO Alert: ICICI Prudential Mutual Fund launches active momentum fund
Synopsis ICICI Prudential Mutual Fund has launched the Active Momentum Fund, an open-ended equity scheme aiming to capture sustained price and earnings trends. With flexibility across sectors and market caps, the fund uses a mix of top-down and bottom-up strategies. NFO closes on July 22; minimum investment is Rs 5,000. ICICI Prudential Mutual Fund introduces the Active Momentum Fund, an open-ended equity scheme targeting opportunities from market price and earnings trends. ICICI Prudential Mutual Fund has announced the launch of the ICICI Prudential Active Momentum Fund, an open ended equity scheme following momentum theme. It is an offering designed to capture opportunities arising from persistent price and earnings/estimates trends in the market. The new fund offer or NFO of the fund is open for subscription and will close on July 22. Also Read | NFO Insight: Quant Mutual Fund's equity saving fund opens for subscription. Should you add this in current market scenario? The fund will be benchmarked against Nifty 500 TRI and will be managed by Manasvi Shah and Sharmila D'silva.'We aim to approach momentum in a fundamental manner by focusing on earnings/estimates momentum, complemented by price momentum. India's equity market is diverse with stocks and sectors displaying varied earnings trends at different points in time, and our Scheme aims to capitalise on these trends,' said Sankaran Naren, ED and CIO, ICICI Prudential AMC. "The Scheme has the flexibility to move across sectors; market caps and uses a combination of top down and bottom-up approach in portfolio construction,' Naren added. The scheme's unique approach combines earnings/estimates and price momentum, allowing it to adapt seamlessly to changing market conditions, and benefiting from sustained trends, according to a release by the fund minimum application amount is Rs 5,000 (plus in multiples of Re 1) and for additional investment, the minimum application amount is Rs 1,000 (plus in multiples of Re 1)An exit load of 1% of applicable NAV for redemptions within 12 months and the exit load will be nil thereafter. Also Read | Best mid cap mutual funds to invest in July 2025 According to the fund house, one should invest in this fund because it provides flexibility to move across sectors thereby widening the universe, moves across styles basis the market trends, provides flexibility to move across market caps depending upon the flows, and lastly has flexible investment approach which means it is mix of top down & bottom up fund is suitable for investors seeking long-term wealth creation and who want an open-ended equity fund investing in equity and equity related instruments of companies reflecting momentum factors. What is momentum investing? It is a strategy that aims to capitalize on the continuance of existing trends (price trends or earning trends) in the market.
