Holding (in %) as on August 31, 2019
\n(Source: ACE MF) <\/p>\n\n\n\n

IICF held 48 stocks in its portfolio as on August 31, 2019\ndiversified across sectors. The top 10 stocks constitute 46.6% of the total\nholdings. HDFC Bank tops the list with an allocation of 8.4%, followed by ICICI\nBank (7.5%), Infosys (5.7%), Larsen & Toubro (4.9%) and ITC (4.5%). Rest of\nthe stocks in the top 10 holdings have an allocation of around 3-4% each.<\/p>\n\n\n\n

In terms of sector wise holdings, the fund has highest exposure to Banking at 21.6%, with another 7% in Finance. Infotech (12.8%) has the next highest allocation in the portfolio while Engineering and Consumpution follow behind with an allocation of around 7% each. Auto and ancillaries, Pharmaceuticals, Petroleum Products and Power are the other prominent sectors in the portfolio.<\/p>\n\n\n\n

Top Contributors<\/strong><\/p>\n\n\n\n

Among the stocks in the portfolio, ICICI Bank contributed\nthe most to the fund\u2019s return in the last one year with a weighted return of 1.1%.\nInfosys, Apollo Hospitals Enterprise, HDFC Bank and Gujarat State Petronet were\nthe other top contributors to the portfolio gains.<\/p>\n\n\n\n

The stocks that eroded portfolio gains the most were ITC,\nMahindra & Mahindra, Exide Industries, Equitas Holdings, and NALCO.<\/p>\n\n\n\n

Suitability of IICF<\/strong><\/p>\n\n\n\n

IICF remains fully invested in equities, with its portfolio diversified\nacross sectors and market capitalisation. Being a contra fund the scheme takes\nopposing view than the general popular opinion. Hence the fund may at times underperform\nover shorter time period. It is suitable for investors having tolerance to\nvolatility and high risk appetite with an investment horizon of 5 years or\nmore.<\/p>\n\n\n\n

The fund has performed well, especially during longer time\nframes and has delivered decent risk-adjusted returns for its investors. <\/p>\n\n\n\n

Note: <\/em><\/strong>This write up is for information purpose and does not constitute any kind of investment advice or a recommendation to Buy \/ Hold \/ Sell a fund. Returns mentioned herein are in no way a guarantee or promise of future returns. As an investor, you need to pick the right fund to meet your financial goals. If you are not sure about your risk appetite, do consult your investment consultant\/advisor. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.<\/em><\/p>\n\n\n\n