ICICI Prudential Value Discovery Fund Growth
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Min amount: ₹500
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|Risk||Moderately High risk|
|Exit Load||1% for 365 Days|
More about this fund
|Sun Pharmaceuticals Industries Ltd||10.25%|
|Mahindra & Mahindra Ltd||7.78%|
|Bharti Airtel Ltd||6.58%|
|PI Industries Ltd||4.79%|
|HCL Technologies Ltd||2.97%|
|Indian Oil Corp Ltd||2.72%|
About ICICI Prudential Value Discovery Fund
The Scheme is an open ended equity scheme following a value investment strategy. The investment objective of the Scheme is to generate returns through a combination of dividend income and capital appreciation by investing primarily in a well-diversified value equities.
Pros & Cons of ICICI Prudential Value Discovery Fund
- This is a multi-cap fund that invests in companies available at a fair or below-intrinsic value. In the current liquidity-driven market, it is imperative that momentum stocks with expensive valuations are avoided. Hence, a scheme of such nature with a clear selection parameter is good for investors especially if the markets turn bearish for a sustained period of time.
- The Scheme has clearly beaten its benchmark and category over 5 and 10 year horizon however has performed below on both counts in 1 and 3 year horizon.
Fund Information and Statistics of ICICI Prudential Value Discovery Fund
i) Inception / Launch date
The Scheme was launched by ICICI Prudential Mutual Fund on 16 August 2004. The Scheme is benchmarked against S&P BSE 500 TRI Index.
ii) Risk level
Being an equity scheme, it is a moderately high risk proposition and investor should stay invested long term for benefits. The fund has followed up valuation-conscious approach for stock selection. Because of more concentration on valuation part, the fund bears a slight risk of underperforming in momentum driven and growth oriented markets.
The minimum redemption amount is Rs 500 or all units where the amount is below Rs 500.
iv) Fund Manager
The Scheme is being managed by Mr Mrinal Singh who is managing the Fund since February 2011. He is associated with ICICI Prudential AMC since June 2008.
v) Entry / Exit load
1% exit load is charged if the units are redeemed within 1 year from the date of allotment of units, no exit load is charged beyond 1 year. No entry load is charged by the Scheme.
About ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund is a joint venture between ICICI Bank and Prudential Plc. Prudential Plc is one of the largest players in UK financial services sector. The fund house offers investment options such as diversified to sector specific equity schemes, balanced and fixed income funds. Mr. Nimesh Shah is MD & CEO of the Fund House.
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Min amount: ₹500
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns