ICICI Pru Value Discovery Fund (D)

Performance

ICICI Prudential Asset Management Co. Ltd. is one of the top asset portfolio management firms in India. The AMC (Asset Management Company) focuses on generating wealth via long term/short term investment schemes with the saving benefits.

ICICI Prudential Asset Management Co. Ltd. is a result of the merger between two of the leading firms in the financial sector, UK’s Prudential and India’s ICICI Bank. It commenced its operations in India in 1998. The firm specialises in mutual fund scheme investments and caters to the investment needs of the interested individuals across the country. At present, ICICI Prudential has 1,913 employees working in over 200 localities across India, managing more than 3 million investors, as on March 2018.

Investment Objective of ICICI Prudential Value Discovery Fund - Dividend

The investment objective of ICICI Prudential Value Discovery Fund - Dividend is to generate capital growth and returns for investors by investing in various different instruments of value stocks over the long term.

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:

Investment Amount for ICICI Prudential Value Discovery Fund - Dividend

The information in this section should be tabulated as shown in the example below:

Asset Allocation for ICICI Prudential Value Discovery Fund - Dividend

Who can Invest in ICICI Prudential Value Discovery Fund - Dividend

The ICICI Prudential Value Discovery Fund - Dividend scheme is suitable for those investors who seek to create wealth over a long term by investing in open-ended equity scheme that follows a value investment strategy.

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

• Benchmark Index for the scheme is S&P BSE 500 Index
• NAV Disclosure for the scheme are as follows:
• The NAV should be calculated and published at the end of every business day.
• The NAV should be determined on every business day except under special situations where the disclosure will have to be postponed for later.
• The NAV for the scheme should be made available at all customer care centres of ICICI Prudential.
• The scheme’s NAV should be published at least in 2 newspapers that are circulated on a daily basis all over India.
• ICICI Prudential should disclose the scheme’s complete portfolio at least every 6 months on its official website or on the website of Association of Mutual Funds of India (AMFI).
• ICICI Prudential should disclose the scheme’s portfolio on its official website, as on the last business day of every month, on or before the 10th of the succeeding month.
• The scheme’s portfolio for the top 10 holdings should be published in the scheme information document for ICICI Prudential Value Discovery Fund - Dividend.
• ICICI Prudential should update the current NAVs on its official website and on that of the AMFI website by 9:00 p.m. on every business day.
• In case there is a delay in publishing the NAVs, the reasons for the same should be explained by the ICICI Prudential to the AMFI and SEBI (Securities and Exchange Board of India), the very next day.
• In case the NAVs aren’t available for disclosure during the following day, prior to the commencement of the business hours, the AMC should issue a press release that includes the reasons for the delay as well as inform when the NAVs will published.

ICICI Prudential Value Discovery Fund - Dividend Manager

• Mr. Mrinal Singh, aged 39, is the fund manager of the scheme as on 30 April 2018. He has been managing the Value Discovery Fund - Dividend scheme for a period of 7 years and 3 months, starting from February 2011. He has an overall work experience of 14 years and has been a prominent associate of ICICI Prudential since June 2008.

The following are some other schemes managed by him:

• ICICI Prudential Focused Equity Fund
• ICICI Prudential Dividend Yield Equity Fund
• ICICI Prudential Value Discovery 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
• ICICI Prudential Business Cycle Fund - Series 1

• Ms. Priyanka Khandelwal is the dedicated fund manager for managing overseas investment portfolios under schemes that mandate overseas investments.

Investment Restrictions of ICICI Prudential Value Discovery Fund - Dividend

The following are the investment restrictions under the ICICI Prudential Value Discovery Fund - Dividend scheme:

• The scheme cannot invest more than 10% of its NAV in un-rated securities of debt funds that have been issued by a single entity. The total investment made in the scheme should not be more than 25% of the scheme’s NAV.
• Th scheme can invest in other schemes that are offered by ICICI Prudential or any other firm, provided the total inter-scheme investments made by all the schemes under the targeted scheme is not more than 5% of the scheme’s NAV.
• The investments can be transferred from one scheme to another, provided that the following conditions are fulfilled:
• The transfer should be made on the spot, adhering to the present market value for the targeted securities.
• The investment instruments involved in the transfer will be according to the targeted scheme’s objective.
• The scheme cannot own more than 10% of the AMC’s paid-up capital to exercise the voting rights.
• The scheme cannot invest in the fund of funds scheme.
• The open-ended scheme cannot invest more than 5% of its NAV in the unlisted shares of equity and equity related instruments.

Dividend Policy of ICICI Prudential Value Discovery Fund - Dividend

The Dividend Policy of ICICI Prudential Value Discovery Fund - Dividend scheme includes the following:

• Dividend Option

The dividend option is suitable for those investors seeking to generate capital via dividends earned by the scheme. The amount remaining post tax deduction and issuing of dividend income to the investor will be reinvested in the scheme.

• Dividend Payout
• Under the dividend payout option, according to the SEBI guidelines, the scheme should issue the dividend warrants to the shareholder within 30 days of declaring the dividend.
• Dividends should be paid via cheque to those shareholders whose names are listed in Register of Unit Holders as on the recorded date.
• Dividend Reinvestment

The investors opting to receive the dividends can also choose to reinvest the dividend, that they are about to receive, in additional shares under the scheme.

• Dividend Transfer Plan (DTP)

The dividend can be transferred from one scheme (source scheme) to an open-ended scheme that offers the dividend option.

Facilities offered under ICICI Prudential Value Discovery Fund - Dividend

The following are some of the additional facilities offered under the ICICI Prudential Value Discovery Fund - Dividend scheme apart from the Systematic Investment Plan (SIP), Systematic Withdrawal Plan (SWP), and Systematic Investment Plan Plus (SIP PLUS):

• SIP Top Up Facility

The SIP Top Up Facility offers two options that the investor can choose from; Fixed Top Up option and Variable Top Up option.

• Fixed Top Up option

Under the Fixed Top Up option, the SIP amount increases at fixed intervals and can be topped-up in multiples of Rs.500.

• Variable Top Up option

Under the Variable Top Up option, the SIP amount increases by a specific percentage at regular intervals and can be topped-up in multiples of 5%.

• Micro Systematic Investment Plan (Micro SIP)

In the Micro Systematic Investment Plan, the investor will be offered the facility of Micro SIP under the current SIP facility. The total investment to be made under the plan by the investor cannot exceed Rs.50,000 while the minimum amount that can be reclaimed under the plan is Rs.500.

• Mode of Payment for SIP
• The scheme offers various modes of payment towards SIP such as via National Automated Clearing House (NACH) or setting standing instruction with the respective bank for the amount to be debited from the bank at fixed intervals.
• To opt for standing instruction facility, it is vital that the investor submit a photocopy of the cheque/cancelled cheque that is drawn from the same bank which holds the individual’s account for which the debit mandate has been set.
• To opt for the NACH facility, the investor will have to submit a duly-filled SIP Registration cum mandate form, after which a unique number called Unique Mandate Reference Number (UMRN) will be provided to the investor that can be used to make the SIP transactions.
• Systematic Investment Plan Plus (SIP PLUS)

Systematic Investment Plan Plus (SIP PLUS) is a facility that the investor can opt for a life insurance policy in addition to the SIP. Under this facility, a Group Life Insurance cover is offered by a life insurance firm, for which the premium will be borne by ICICI Prudential. Only individuals up to the age of 55 years can be covered under the plan.

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

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

• Value Discovery Fund - Dividend is another one of ICICI Prudential’s plan that aims at generating capital growth for the investors.
• The scheme is a product of one of the most reputable firms in India when it comes to asset management, ICICI Prudential Asset Management Co. Ltd.
• Fund managers of ICICI Prudential offer expert advice to all the clients on the investments to be made/being made.
• The scheme is customised as per the individual requirements of the investors to generate maximum monetary benefits over a long period.
• The NAV of the scheme is disclosed by the AMC using various mediums such as newspapers, on official websites of the AMC, and at customer service centres, etc., hence making the individual investment growth and capital generation transparent to all the investors.
• The experienced fund manager uses advanced technology oriented scientific and mathematical techniques to manage the asset portfolios of individual clients.
• The fund manager is friendly and builds long-lasting relationships with clients.
• The scheme also offers certain tax benefits under the Indian Income Tax Act, 1961.

GST rate of 18% applicable for all financial services effective July 1, 2017.