ICICI Prudential Mutual Fund is one of India’s leading AMCs. They manage a lot of money (AUM) and are innovative in their product offerings. They also have a good track record of technology use. Their web site was one of the first to offer direct purchase of Mutual Fund units as well as portfolio tracking.
The PruTracker is a good product though it lacks some fundamental features, particularly on the usability side but that is another post 🙂
Of late I have been using their web site a lot and thought I would write about my experience. Late yesterday night I stumbled upon their Analyze Scheme Performance page. This page lets you select a Mutual Fund from ICICI Prudential’s stable, give a date range and select a Performance Measure for analysis. Available measures are:
- NAV History
- Dividend History
- Performance Simulator
- Comparison vs Benchmark
I decided to take the Performance Simulator for a spin.
ICICI Prudential FMCG Fund (Click picture for full size image)
What you get is analysis for a single lump sum investment on the start date and an analysis of a monthly SIP between the start and end dates.
If you had invested Rs. 1,000.00 on 31-03-1999 (dd/mm/yyyy) in the chosen scheme, then the value would have become Rs. 4,663.00 on 13-02-2008 (dd/mm/yyyy). The corresponding dividend amount paid would have been Rs. 0.00 . Your gain/(loss) would have been Rs. 3,663.00.
Systematic Investment Plan (SIP) Simulator
If you had invested Rs. 1,000 in the SIP option of the chosen scheme (on a monthly frequency), starting on Mar-1999 , then your value would have become Rs. 4,11,486.00 by Feb-2008 a return 28.83 % ( CAGR ). Your gain/(loss) would have been Rs. 3,03,486.00 , on a total investment of Rs. 1,08,000.00.
Note that this screen defaults to the launch date of the fund for start date and today’s date for the end date.
The information returned is useful to some extent. It tells you how the fund has performed over the time period selected. Note that this is real performance (based on certain assumptions) and not a projection.
I then decided to try out a couple of other ICICI Prudential funds I invest in.
ICICI Prudential Power Fund (Click picture for full size image)
ICICI Prudential Infrastructure Fund (Click picture for full size image)
The Analyze Scheme Performance functionality of the PruTracker is a good way to understand performance and compare similar schemes over the same period of time. For the sake of this article I have used the same three funds as above for performance comparison.
Now, FMCG, Power & Infrastructure are all Equity Diversified funds but have very different objectives, investment styles & portfolio capitalization. As a result you cannot compare their performance against each other.
Caution: Do not use this information to make investment decisions. As noted above these funds are totally different from each other and this is not a valid comparison for investment decision making. This is done here for illustration only.
The first thing is to ensure that the comparison is for the same time period. The Infrastructure fund is the newest (launched Sept 9, 2005) and hence I used that as the start date for all there funds. Left the end date as Feb 13, 2008 (yesterday) for all three funds. See the results below:
ICICI Prudential FMCG Fund – Sept 9, 2005 to Feb 13, 2008 (Click picture for full size image)
ICICI Prudential Power Fund – Sept 9, 2005 to Feb 13, 2008 (Click picture for full size image)
ICICI Infrastructure Fund – Sept 9, 2005 to Feb 13, 2008 (Click picture for full size image)
|SIP Amount||Total Investment||Value||% Return (CAGR)|
|ICICI Prudential FMCG Fund||Rs. 1,000/-||Rs. 30,000/-||Rs. 38,629/-||22.17%|
|ICICI Prudential Power Fund||Rs. 1,000/-||Rs. 30,000/-||Rs. 41,759/-||29.56%|
|ICICI Prudential Infrastructure Fund||Rs. 1,000/-||Rs. 30,000/-||Rs. 54,126/-||56.14%|
The results are interesting and when used to compare similar funds can provide good information for investment decision making.
You can also use the Value Research web site to analyze these funds: