The ICICI Prudential Value Discovery Fund is one of the top financial funds in its category. Since its inception in August 2004, the fund has achieved 19.76 percent returns. Mr. Mrinal Singh, fund manager, is adopting a mix of absolute and relative valuations for stock picking. Investors wishing to invest in relatively cheap, high-value companies can invest in this fund with a 5-year horizon.
Performance of ICICI Prudential Value Discovery Fund
The ICICI Prudential Value Discovery Fund tops its category. Since its inception, the fund has managed to beat its benchmark most of the time. Market reforms have affected the fund’s performance in the short term, but the fund has performed well in the long term.
ICICI Prudential Value Discovery Fund gave 0.5 percentage points on its benchmark. The fund outperformed some of its peers in 5-year returns. The fund remained stagnant in the short-term, with the market declining, and the number of its peers did not decline. It strives to perform consistently better than its benchmark and peers. Since its launch in August 2004, the fund has given an annualized return of 19.76%.
The SIP investment of Rs 5,000 a month in ICICI Prudential Value Discovery Fund 5 years ago is now Rs 3,61 lakh. The profit of Rs 61 thousand in just five years. Even if someone wants to redeem their investment, they will not be liable to pay any tax, as profit up to Rs 1 lakh is tax-free.
Prudential Value Discovery Fund details
The ICICI Prudential Value Discovery Fund is one of the top financial funds in its category. Through its discovery process, the fund intends to invest in stocks that are traditional for their intrinsic value at a discounted value. The manager follows a discovery process, which involves identifying well-managed, fundamentally strong, and available companies that can be called a bargain.
Mr. Mrinal Singh, fund manager, is following a combination of absolute and relative valuations to picking a stock. He worked in the small / midcap market until 2014. Nevertheless, they are investing more in large caps after a change in strategy. Their preference for protection for large-scale returns is that analysts believe the fund will give a stable long-term performance.
The ICICI Prudential Value Discovery Fund has a well-diversified portfolio with 42 stocks in its portfolio. The top five holding sectors hold 63.45% of the portfolio. These include-
- Energy (19.51%)
- Financial (16.03%)
- Technology (13.30%)
- Healthcare (8.23%)
- Automobile (6.38%).
Conclusion: The ICICI Prudential Value Discovery Fund is ideally suited for medium to long term objectives. To make money for the long term, invest in this fund by investing in relatively cheaper companies in the marker. The fund accepts investment through both lump sum and SIP. Invest in this fund to give the best results for a minimum investment horizon of 5 years. Do not take a short-term look at the returns of this investment. Short term returns may be manipulated.
