Hidden gems from ICICI: Unveiling the top 5 best-performing funds of 2023
In this year-end special report, we present to you the top 5 best-performing funds from ICICI AMC.
In the bustling marketplace of mutual funds, ICICI Prudential stands tall, offering a diverse array of options for savvy investors. But with so many choices, finding the hidden gems can be a daunting task. Fear not, dear investor, we're here to shed light on ICICI's top 5 performers of 2023!
Unearthing the Champions: Criteria for Selection
Choosing the "best" funds depends on your investment goals and risk appetite. Therefore, we've considered a mix of factors including:
Returns: Consistent strong performance over different timeframes (1 year and 3 years).
Risk-adjusted returns: Evaluating returns against the fund's volatility to identify those that deliver high returns with lower risk.
Fund category: Diversifying the list across different categories to cater to varied investment objectives.
Also Read: HDFC mutual funds: Unveiling the best 5 funds for savvy investors
The Magnificent Five: Rising Stars in the ICICI Galaxy
ICICI Prudential Value Discovery Fund: This equity fund's focus on undervalued stocks has paid off handsomely, delivering a stunning 26.18 per cent return in 1 year and a consistent 28.02 per cent annualized return over the past 3 years.
ICICI Prudential Bluechip Fund: For Large-Cap enthusiasts, this fund offers stability and growth, boasting a 20.67 per cent return in 1 year and a steady 21.47 per cent annualized return over 3 years.
ICICI Prudential Equity & Debt Fund: Seeking a balanced approach? This Hybrid Fund strikes the perfect chord, delivering a commendable 23.15 per cent return in 1 year and a 27.04 per cent annualized return over 3 years.
ICICI Prudential Infrastructure Fund: The infrastructure boom finds its champion in this fund, with a robust 37.59 per cent return in 1 year and a healthy 40.88 per cent annualized return over 3 years.
ICICI Prudential BHARAT 22 FOF Scheme: This fund-of-fund focuses on India's growth story, delivering a promising 47.13 per cent return in 1 year and a steady 39.92 per cent annualized return over 3 years.
Remember, Past Performance is not Always Future-proof
While these funds shine in 2023, it's crucial to remember that past performance isn't a guarantee of future success. Conduct thorough research, assess your risk tolerance, and align these funds with your investment goals before making any decisions.
Invest Wisely, Diversify Smartly
The ICICI universe holds a treasure trove of potential, and these are just a few diamonds waiting to be discovered. Choose wisely, diversify smartly, and embark on a journey towards your financial goals with confidence.
Let 2024 be the year you unearth your hidden gems in the world of mutual funds!