Value type funds are gaining popularity as the investors are starting to realize the opportunities associated with them. These schemes have provided some of the best returns and have helped thousands of investors in achieving their financial goals. Today, we are going to discuss one such top-notch value fund that has shown great performance over the years and the scheme is ICICI Prudential Value Discovery Fund.
Scheme Details
This fund was launched on Aug 16, 2004, under the value-oriented equity category and follows the objective of generating capital appreciation by investing in a diversified portfolio of value equities. The scheme has gained a strong response from investors since its inception and that can be seen by its tremendous asset size of Rs 16,130 crores (as on Jun 30, 2018). ICICI Prudential Value Discovery Fund has a current NAV of Rs 142.71 (as on Jul 19, 2018) and an expense ratio of 1.99% (as on Jun 30, 2018). As for the load charges, there is no entry load, but an exit load of 1% will be charged if you redeem your investments before 365 days. The fund is currently being managed by Mr. Mrinal Singh, who holds more than 10 years of experience in the capital market. The minimum amount with which you can start an investment in this scheme is Rs 1000 and the minimum SIP investments that you can opt for is Rs 500. Now, let's have a look at how funds are allocated.
ICICI Prudential Value Discovery Fund invests in a mix of different market caps with a major focus toward large-cap stocks. As of now, it has 82.60% investment in large-caps, 13.90% in mid-caps, and 3.49% in small-cap stocks. Now, as for the sectors, the scheme has a major investment in energy, technology, healthcare, finance, automobile, and the engineering sector. The top 10 holdings of the scheme are Sun Pharmaceuticals Ind., Infosys, Wipro, Mahindra & Mahindra, NTPC, Power Grid Corporation, ITC, State Bank of India, Indian Oil Corp., and Exide Industries. The scheme also has around 17.13% of the total fund allocated to debt instruments. For a more detailed portfolio of this scheme, you can visit MySIPonline.
Performance Analysis
ICICI Prudential Value Discovery Fund has provided returns of 6.67%, 22.38%, 16.20%, and 19.63% in 1, 3, 5, and 10 years, respectively (as on Jul 19, 2018). The scheme has beaten its benchmark in 5, 7, and 10 years of returns with great margin showing that how good this scheme is for long-term investment. It has shown stable returns even when the markets are volatile which show that how strong the portfolio of a scheme is and how good the fund managers are in taking decisions.
So with this, we end our discussion. ICICI Value Discovery Fund provides true value for money and is one of the best investment options available today. This scheme has made its name among the top performing schemes ample of times and is expected to follow the same trend in the future. Though, you should consult your financial adviser before making the final decision to know that if this fund suits your investment style . For making an investment in this or any other mutual fund scheme, you can visit MySIPonline, a one-stop solution for all your investment needs.
