With volatile markets ahead, it is a normal tendency amongst investors to search for safer investment havens.
Large caps are often seen as safe bets during bouts of market volatility.
ICICI Pru Value Fund -8(D) fits the bill in this context very well and has indeed been one of the top weekly performers.
The fund has generated returns in excess of 2 per cent in one week and is the top performing mutual fund scheme.
The fund is a close-ended fund and has assets of almost Rs 285.44 crore under management.
Over the last one year period, the fund has delivered almost 26 per cent returns, whereas the category average returns are near about 24 per cent. The benchmark Sensex has over a similar period delivered close to 18 per cent returns.
The top 7 holdings of the fund are - Thomas Cook (India), Infosys, Bata India, Astrazeneca Pharma India, Sundaram Finance, Alembic Pharmaceuticals and Redington (India).
The investment objective of the fund is to provide capital appreciation by investing in a portfolio of well-diversified and fundamentally sound stocks.