Changes have been effected at prominent schemes such as ICICI Prudential Balanced Advantage, ICICI Prudential Liquid, and ICICI Prudential Multi-Asset Fund, among others.
“Autos is a segment which we have liked as a sector. Within midcaps and smallcaps also, there is opportunity within autos. Pharma has been a sector which we have liked. Broadly, within midcaps also, there are sectors which do not have representation in largecaps. So, real estate is one sector, chemicals is another sector and capital goods is also another sector.”
Balanced advantage funds, which dynamically shift between debt and equity based on market conditions, are cautious in the short term due to high valuations and have hedged positions.