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ICICI Pru Value Discovery Fund(D)-Direct Plan

ICICI Pru Value Discovery Fund(D)-Direct Plan
Dividend Yearly
3.75  (As on 20-03-2019)
Category
Equity - Multi Cap
52-week NAV high
62.53  (As on 07-09-2018)
52-week NAV low
53.71  (As on 19-02-2019)
Expense
1.28%  (As on 31-03-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns 1.35 4.76 2.89 2.67 6.32 10.37 6.93 16.70 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Dividend
Bonus
NA
Launch Date
Jan 01, 2013
Last Dividend
3.75
Minimum Investment
1000

ICICI Prudential Asset Management Company Ltd. is one of the top firms in the asset management sector today. The firm has a number of innovative investment solutions under its wing that aims to generate savings as well as capital growth for the customers. The AMC (Asset Management Company) offers its services in Mutual Funds, Portfolio Management, Real estate investment, etc.

The firm is the result of a successful merger between one of the leading banks in India, ICICI Bank and Prudential Plc. which is one of the well-known financial service providers in the UK. ICICI Prudential Asset Management Company Ltd. caters to the needs of the investors by offering one of the best Portfolio Management Services in the industry.

The firm provides investment solutions that invest in domestic as well as international assets such as debt funds, real estate, equity funds, etc. Hence has witnessed a tremendous growth over the years since its inception in 1998. At present, the firm has 1,913 skilled and efficient employees catering to the investment requirement of the customers across more than 200 localities.

Investment Objective of ICICI Prudential Value Discovery Fund - Direct Plan - Dividend Scheme

The investment objective of the scheme is to generate returns for the investor via capital growth and dividend income by investing predominantly in a well-diversified portfolio

of value stocks.

Key Features of ICICI Prudential Value Discovery Fund

Some of the significant features of the ICICI Prudential Value Discovery Fund are as indicated in the table below:

Type of fund

An open-ended equity scheme that follows a value investment strategy.

Plans available

  • ICICI Prudential Value Discovery Fund – Direct Plan
  • ICICI Prudential Value Discovery Fund

Options under each plan

  • Options: Growth Option and Dividend Option
  • Sub-options: Dividend Payout and Dividend Reinvestment
  • Default option: Growth option
  • Default sub-option: Dividend Re-investment

Risk

Moderately high

Systematic Investment Plan

Available

Systematic Transfer Plan

Available (Flex STP/Value STP also available)

Systematic Withdrawal Plan

Available

Investment Amount for ICICI Prudential Value Discovery Fund - Direct Plan - Dividend Scheme

The investment amount for ICICI Prudential Value Discovery Fund - Direct Plan - Dividend Scheme is as exhibited in the table below:

Minimum application amount

Re.1000 (in multiples of Re.1)

Minimum additional investment

Rs.500 (plus in multiples of Re.1)

Minimum installment for Systematic Investment Plan (SIP) [if SIP is available]

  • Monthly SIP: Rs.500 (plus in multiples of Re.1)

Minimum number of installments - 6

  • Quarterly SIP: Rs.5,000 (plus in multiples of Re.1)

Minimum number of installments - 4

Minimum installment for Systematic Withdrawal Plan (SWP) [if SWP is available]

Rs.500 (plus in multiples of Re.1)

Entry Load

N/A

Exit Load

  • In case the amount one seeks to redeem/switch-out is invested over a period of up to 1 year from the date of asset allotment, the exit load will be 1% of the scheme’s NAV.
  • In case the amount one seeks to redeem/switch-out is invested for more than a year from the date of asset allotment, the exit load will be Nil.

Asset Allocation for ICICI Prudential Value Discovery Fund - Direct Plan - Dividend Scheme

The asset allocation for ICICI Prudential Value Discovery Fund - Direct Plan - Dividend Scheme is as exhibited in the below table:

Type of investment instrument

Minimum Asset Allocation (Percentage of total assets)

Maximum Asset Allocation (Percentage of total assets)

Risk Profile

Equity funds and Equity related securities

65%

100%

Medium to High

Debt funds and money market securities

0%

35%

Low to Medium

Who can Invest in ICICI Prudential Value Discovery Fund - Direct Plan - Dividend Scheme

Investors looking to generate capital growth over a long period by investing in open ended equity scheme that follows a value investment strategy can invest in the ICICI Prudential Value Discovery Fund - Direct Plan - Dividend Scheme.

The following are a few categories of individuals who are eligible to invest in the ICICI Prudential Value Discovery Fund - Direct Plan - Dividend Scheme:

  • A single Indian resident who is an adult
  • Adults (not more than 4) who are residents of India
  • Parents on behalf of the investor who is a minor
  • Religious and charitable trusts
  • Head of a Hindu Undivided Family (HUF)
  • Banks as well as other financial institutions
  • Organisations that are responsible for carrying out scientific and industrial research

NAV Disclosure and Benchmark for ICICI Prudential Value Discovery Fund - Direct Plan - Dividend Scheme

  • Benchmark Index of the scheme - S&P BSE 500 Index
  • NAV Disclosure of the scheme:
    • The scheme’s NAV will be calculated and disclosed at the end of business hours every day.
    • The scheme’s NAV will be determined on every business day unless the same isn’t possible due to special circumstances.
    • The scheme’s NAV will be available at the AMC’s customer service centers.
    • The scheme’s NAV will be published in at least two of the newspapers that are daily circulated nationwide.
    • The complete investment portfolio of the scheme will be disclosed every 6 months on the official websites of ICICI Prudential and Association of Mutual Funds of India (AMFI).
    • The AMC will disclose the scheme’s investment portfolio on the official website of ICICI Prudential along with International Securities Identification Number (ISIN), as on the last day of every month, on or prior to the 10th of the following month.
    • The scheme portfolio consisting of the top 10 holdings will be disclosed in the scheme information document present on the AMC’s official website.
    • The scheme’s NAVs will be updated on the official website of AMFI and ICICI Prudential by 9:00 p.m. on every business day.
    • In case there is a delay in disclosing the NAVs, the reasons for the same should be explained to the AMFI and SEBI by the very next day.
    • If the NAVs are not available for disclosure by the next day, before the start of business hours, a press release will be issued explaining the reasons for the delay in disclosing the NAVs and when the NAVs will be disclosed.

ICICI Prudential Value Discovery Fund - Direct Plan - Dividend Scheme Manager

As on 30 April 2018, the following fund managers are responsible for managing the investment portfolio of ICICI Prudential Value Discovery Fund - Direct Plan - Dividend Scheme:

  • Mr. Mrinal Singh, aged 39 years, has been managing the scheme since February, 2011. He manages other schemes as well such as the ICICI Prudential Focused Equity Fund, ICICI Prudential Dividend Yield Equity Fund, ICICI Prudential Midcap Fund, ICICI Prudential Growth Fund - Series 2, ICICI Prudential Growth Fund - Series 4, ICICI Prudential Growth Fund - Series 5, ICICI Prudential Growth Fund - Series 6, ICICI Prudential Value Fund - Series 4, ICICI Prudential Value Fund - Series 5, ICICI Prudential Value Fund - Series 10, ICICI Prudential India Recovery Fund - Series 1, ICICI Prudential India Recovery Fund - Series 2, ICICI Prudential India Recovery Fund - Series 3, and

ICICI Prudential Business Cycle Fund - Series 1.

  • Ms. Priyanka Khandelwal is the dedicated fund manager for overseas investments made in those schemes that mandate investment in overseas instruments.

Investment Restrictions of ICICI Prudential Value Discovery Fund - Direct Plan - Dividend Scheme

The investment restrictions of ICICI Prudential Value Discovery Fund - Direct Plan - Dividend Scheme are as follows:

  • In case the firm invests over 5% of the scheme’s NAV, investments made by the same scheme or any other in that firm or its subsidiaries will be disclosed in adherence to the SEBI (MF) Regulations.
  • The scheme cannot invest over 10% of its NAV in debt funds and debt related instruments that are rated above the investment grade by an authorised credit rating agency and issued by a single entity.
  • The scheme cannot invest over 10% of its NAV in un-rated debt related instruments that are issued by a single entity and the total investment in such securities should not cross over 25% of the scheme’s NAV.
  • The scheme cannot invest in any fund of funds schemes.
  • The fund to which the scheme belongs to, cannot own over 10% of any firm’s paid up capital that carry the voting rights.
  • The scheme cannot invest in the following:
    • Any security of the sponsor’s associate or group company that is not listed
    • Any security of the sponsor’s associate or group company that is listed and the investment is over 25% of the scheme’s NAV
    • Any security of the sponsor’s associate or group company that has been issued via private placement
  • The scheme cannot issue any loan for any purpose
  • The scheme cannot invest over 10% of its NAV in equity funds and equity related instruments of any one firm
  • An open-ended scheme cannot invest over 5% of its NAV in unlisted equity funds and equity related instruments of any one firm

Dividend Policy of ICICI Prudential Value Discovery Fund - Direct Plan - Dividend Scheme

The dividend policy of ICICI Prudential Value Discovery Fund - Direct Plan - Dividend Scheme are as follows:

  • Dividend Option

By availing the dividend option, the investor will receive dividend income on a regular basis. Dividends are generated as a result of the investments made in the scheme. The amount after deducting the dividend and tax (as applicable) will be reinvested back into the scheme itself.

  • Dividend Payout Option
    • Under this option, the dividend warrants will be issued to the investor by the scheme within 30 days starting from the time of declaring the dividend.
    • The dividends will be issued to the investors via cheque, so long as the names of investors are present in the Register of Unit Holders, as on the recorded date.
  • Dividend Reinvestment Option

The investors can choose between receiving the dividends or reinvesting the dividends, they are yet to receive, in additional units under the same scheme.

  • Dividend Transfer Plan (DTP)

Dividend Transfer Plan (DTP) allows the investor to have the dividend, generated by the source scheme, transferred to an open-ended scheme that issues dividends as well.

Other facilities under ICICI Prudential Value Discovery Fund - Direct Plan - Dividend Scheme

The following are some of the other facilities, apart from Systematic Investment Plan (SIP), Systematic Transfer Plan (STP) and Systematic Withdrawal Plan (SWP), offered under the ICICI Prudential Value Discovery Fund - Direct Plan - Dividend Scheme:

  • SIP TOP UP Facility
  • Micro Systematic Investment Plan (Micro SIP)
  • Micro Investment
  • Mode of Payment for SIP
  • Facility of National Automated Clearing House (NACH) Platform in Systematic Investment Plan (SIP)
  • Systematic Investment Plan Plus (SIP Plus)
  • Value STP
  • Flex STP

Why you should Invest in ICICI Prudential Value Discovery Fund - Direct Plan - Dividend Scheme

The following are the benefits of investing in ICICI Prudential Value Discovery Fund - Direct Plan - Dividend Scheme:

  • It is a scheme that generates capital growth as well as dividend income for investors over a long period by investing in a well-diversified portfolio of value stocks.
  • The investors are eligible for certain tax benefits under the scheme in adherence to the Income Tax Act, 1961.
  • The scheme is offered by one of the reputable AMCs, ICICI Prudential Asset Management Company Ltd. and is strongly backed by the two parent companies, ICICI Bank and Prudential Plc. This will ensure the scheme isn’t affected by any negative market conditions at any point in time.
  • The fund managers of the scheme are customer-friendly and offer sound advice when it comes to investments.
  • Scientific and mathematical techniques are used to analyse the market, identify firms that are financially healthy and have the potential to turn into market leaders. Investing in such firms will, to a certain extent guarantee capital gains on investment.

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