1. Home
2. Product Offerings
3. Core Strategy
4. Contra Strategy

ICICI Prudential PMS Contra Strategy

Investment Objective: ICICI Prudential PMS Contra Strategy (the Strategy) seeks to generate capital appreciation by investing predominantly in Equity & Equity Related Instruments through contrarian investing.

The Strategy aims to provide long term capital appreciation and generate returns by investing in underperforming stocks or sectors, which are available at their intrinsic valuations and are expected to perform well in the long run. For defensive consideration, the Strategy may invest in debt and money market mutual fund schemes.

• A focused portfolio of investment ideas, agnostic to market capitalizations. The Strategy aims to invest across market capitalisation.
• Optimal diversification across stocks, with the opportunity to be overweight vis-à-vis its benchmark, S&P BSE 200, on certain high conviction picks, to potentially generate higher alpha.
• The Strategy may not be restricted by any particular investment style and may opt for flexibility to select stocks across investment styles.
• May aim to use cash as a hedge against sharp declines in equity in an endeavour to protect the Strategy.

The Portfolio Manager follows ‘Contra’ style of investing which involves taking contradictory bets on equity stocks i.e. taking calls/exposure on underperforming stocks which are currently not in favour in the market but are expected to do well in the long run. The Portfolio Manager may also select stocks of companies in sectors where entry barriers are high, sectors in consolidation or of companies in special situation.