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ICICI Prudential Mutual Fund
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Date: February 20th, 2025
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
INDIAN EQUITY SUMMARY
• Indian equity benchmarks ended flat on Wednesday as gains in financial stocks were offset by losses in
pharmaceutical stocks after the new US administration proposed 25% tariff on pharmaceutical imports.
Domestic Equity Benchmark Indices (Returns %)
Index 19 Feb 1 Day 1 Week 1 Month 1 Year
Sensex 75939 -0.04 -0.30 -0.89 4.44
Nifty 50 22933 -0.05 -0.49 -1.16 3.66
Nifty Equity Benchmark Indices (Returns %)
Index 19 Feb 1 Day 1 Week 1 Month 1 Yr
Mid Cap 50527 1.56 -0.45 -7.47 2.47
Small Cap 15526 2.36 -3.16 -12.14 -4.50
Auto 21809 -0.04 -2.67 -4.31 6.48
Bank 49570 0.98 0.18 2.12 6.52
Energy 31199 1.13 -0.38 -10.05 -21.62
FMCG 52360 -0.23 -2.57 -6.17 -2.93
Infra 7986 0.41 -0.42 -4.94 -1.55
IT 40924 -1.30 -1.94 -2.64 6.68
Metal 8359 1.25 1.10 -1.91 4.74
Pharma 20820 -0.71 -1.52 -5.63 9.36
Realty 846 1.67 0.79 -9.93 -3.52
PSU 5951 1.33 -1.68 -5.45 -16.20
Nifty P/E
Latest P/E* FY25E FY26E
20.38 21.31X 18.69X
*Data as of 19th Feb
FIIs/ DIIs/ Mutual Fund Data
(Rs Cr) 17 Feb MTD YTD
FIIs -2122.76 -28418.46 -101094.35
DIIs 1957.74 35808.77 115129.85
Mutual Funds 3160.04 16061.37 73681
-MF Data as of 14th Feb , DIIs as of 19th Feb
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
INDIAN DEBT MARKET SUMMARY
• The average interbank call-money rate ended higher at 6.35% on Tuesday compared to 6.34% on
Monday.
• Government bond prices remained unchanged on Tuesday as investors remained on the side lines due
to lack of fresh cues.
• The yield of the 10-year benchmark 06.79% GS 2034 paper ended flat at 6.69% on Tuesday.
Debt Watch
Index 18 Feb Week Ago Month Ago Year Ago
Call Rate 6.35% 6.33% 6.58% 6.70%
Repo 6.25% 6.25% 6.50% 6.50%
10 Yr Gilt^ 6.68% 6.70% 6.77% 7.10%
30 Yr Gilt^ 7.17% 7.17% 7.20% 7.27%
91-D T Bill^ 6.46% 6.41% 6.59% 7.04%
182-D T Bill^ 6.55% 6.51% 6.68% 7.13%
364-D T Bill^ 6.55% 6.52% 6.64% 7.13%
1-mth CP rate 7.35% 7.45% 7.50% 7.80%
3-mth CP rate 7.77% 7.76% 7.88% 8.54%
6-mth CP rate 7.90% 7.90% 7.97% 8.54%
1 yr CP rate 7.85% 7.90% 8.05% 8.35%
1-mth CD rate 6.86% 6.90% 7.20% 7.10%
3-mth CD rate 7.42% 7.44% 7.45% 7.82%
6-mth CD rate 7.57% 7.62% 7.61% 7.82%
1 yr CD rate 7.57% 7.58% 7.64% 7.82%
Yields (%) Gsec* AAA AA+ AA AA- A+
6 month 6.55 7.70 8.47 8.49 9.74 10.21
1 Year 6.60 7.49 8.26 8.28 9.53 10.00
3 Year 6.63 7.30 8.07 8.09 9.34 9.81
5 Year 6.68 7.26 8.15 8.16 9.42 9.89
10 Year 6.68 7.26 8.15 8.16 9.42 9.89
^Weighted Average Yield. G-sec and corporate bonds data as of 18 Feb *Weighted average yields for G-sec data 6
month G-sec: 182 day T-Bill rate; 1 year G-Sec: 05.63% GS 2026; 3 year G-Sec: 7.06% GS 2028; 5 year G-Sec: 07.17
GS 2030; 10 year G-Sec: 06.79 GS 2034
Auctions/ Money Market Operations
Date Description Amount (Rs Cr)
Feb 21 G-sec auction 34,000 (Notified)
Feb 17 Total repo 0 (outstanding)
Feb 17 Total Reverse Repo 1,81,329 (outstanding)
Feb 17 Marginal Standing Facility 1,471
Feb 17 GOI Surplus Cash Balance with RBI 0
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
DOMESTIC NEWS
• India and Argentina signed an agreement for deeper collaboration in exploration and resource
development of critical minerals, particularly lithium.
• Rajasthan Deputy Chief Minister Diya Kumari presented the Budget for the financial year 2025-26 and
announced that the government is committed to make the state a $350 billion economy.
• IRDAI has set up a seven-member committee to investigate the proposed amendments to the Insurance
Act, 1938 and suggest a framework for implementation.
• IRDAI mandates life and health insurers to implement the Bima-ASBA facility, enabling policyholders to
block premium amounts in their bank accounts.
• The National Pharmaceutical Pricing Authority has instructed drug manufacturers to adjust the
maximum retail price (MRP) of medicines.
Economic Indicators
YoY (%) Current Quarter Ago Year Ago
4.31% 6.21% 5.1%
Monthly Inflation (CPI) (Jan-25) (Oct-24) (Jan-24)
3.2% 3.1% 4.4%
IIP (Dec-24) (Sep-24) (Dec-23)
5.4% 6.7% 8.1%
GDP (Jul-Sep FY’25) (Apr-Jun FY’25) (Jul-Sep FY’24)
2.31% 2.36% 0.27%
Monthly Inflation (WPI) (Jan-25) (Oct-24) (Jan-24)
Key Announcements in the Month Release Date
China Loan Prime Rate 1Y February 20
Eurozone Consumer Confidence Flash, February February 20
US S&P Global Composite PMI Flash, February February 21
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
INTERNATIONAL NEWS
• US Building permits rose by 0.1% to a seasonally adjusted annualized rate of 1.483 million in January.
• UK annual inflation rate accelerated sharply to 3% in January 2025, the highest since March, from 2.5%
in December 2024 while annual core inflation rate rose to 3.5% from 3.2%.
• UK Core producer prices increased 1.5% on year in January compared to a revised 1.6% rise in
December.
Currencies Vs INR
18 Feb 17 Feb Change
USD 86.97 86.77 -0.20
GBP 109.58 109.26 -0.32
Euro 90.96 91.03 0.07
100 Yen 57.22 57.21 -0.01
19 Feb Week Ago Month Ago Year Ago
US 10-yr yield (%) 4.53 4.62 4.61 4.30
UK 10-yr yield (%) 4.61 4.54 4.66 4.11
German 10-yr (%) 2.55 2.48 2.50 2.41
Japan 10-yr (%) 1.43 1.34 1.20 0.72
London Brent Crude Oil 76.04 75.18 80.79 83.56
($/bbl)
Gold (Rs/10 gms) 86733 84845 79239 62017
19 Feb 1 Day 1 Month 1 Year
DJIA 44628 0.16 2.62 15.53
Nasdaq 20056 0.07 2.17 27.13
FTSE 8713 -0.62 2.44 12.73
Nikkei 39165 -0.27 1.85 1.80
Hang Seng 22944 -0.14 17.16 42.02
Strait Times 3934 0.22 3.23 21.95
Source: Domestic Indices - NSE, BSE, FII / MF (Equity) – SEBI, Domestic Derivative Statistics – NSE, Currency Movement - RBI, Reuters,
Domestic Economic Indicators - CRISIL Center for Economic Research, Domestic Fixed Income Numbers - CRISIL Fixed Income Database, RBI
Commodity Prices - Reuters, IBJA, International Indices – Respective websites, Market summaries, global bond yields, domestic and international
news – CRISIL Research, Financial websites Abbreviations: FII (Foreign Institution Investors), CPI (Consumer Price Index), WPI (Wholesale
Price Index), P/E (Price/Earnings ratio), CP (Commercial Papers), CD (Certificate Of Deposits), G-sec (Government Securities), MTD – Month to
Date, YTD – Year to Date
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
DISCLAIMER
Mutual Fund investments are subject to market risks, read all scheme related
documents carefully.
ICICI Prudential Asset Management Company Limited (the AMC) has used information that is publicly
available, and information developed in-house. Some of the information used in the document may have
been obtained from members/persons other than the AMC and/or its affiliates and which may have
been made available to the AMC and/or to its affiliates.
The AMC however does not warrant the accuracy, reasonableness and/or completeness of any
information and does not take responsibility of updating any data/information. For data reference to
any third party in this material, no such party will assume any liability for the same.
All data/information used in the preparation of this material is dated and may or may not be relevant
any time after the issuance of this material.
The AMC (including its affiliates) and any of its officers, directors, personnel and employees, shall not be
liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special,
exemplary, consequential, as also any loss of profit in any way arising from the use of this material in
any manner.
Nothing contained in this document shall be construed to be an investment advice/recommendation or
an assurance of the benefits of investing in the any of the Schemes of ICICI Prudential Mutual Fund.
Recipient alone shall be fully responsible for any investment decision taken on the basis of this
document.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
