ICICI Prudential Value Discovery Fund – Growth

Performance

A well-renowned firm, ICICI Prudential Asset Management Company is focussed on helping customers increase their wealth over time by investing in the relevant financial solutions. The asset management company has a pan-India presence with offices in more than 200 locations to reach out effectively to its large investor base.

ICICI Prudential Value Discovery Fund is an open-ended equity scheme that aims to create long-term wealth for investors. The growth option under this fund is ideal for individuals who are looking to make long-term investments since the money that is initially invested continues to get reinvested unless it is redeemed. Thus, investments made under this option will not fetch the investor any immediate income. However, it will help in capital appreciation.

Investment Objective of ICICI Prudential Value Discovery Fund – Growth

By investing in value stocks, ICICI Prudential Value Discovery Fund – Growth aims to generate returns for investors through capital appreciation and dividend income.

Key Features of ICICI Prudential Value Discovery Fund – Growth

The key features of this scheme are as follows:

Investment Amount for ICICI Prudential Value Discovery Fund – Growth

Asset Allocation for ICICI Prudential Value Discovery Fund – Growth

Who can Invest in ICICI Prudential Value Discovery Fund – Growth

The following entities can invest in ICICI Prudential Value Discovery Fund – Growth:

• Resident adult individuals
• Minors through their parents or legal guardians
• Bodies corporate, companies, PSUs
• Associations, registered societies, and bodies of individuals
• Religious and charitable trusts
• Partnership firms
• The Karta of a Hindu Undivided Family (HUF)
• Financial institutions and banks
• PIOs/NRIs living abroad either on a non-repatriation or repatriation basis
• Foreign Portfolio Investors
• Navy, army, air force, and other para-military institutions
• Industrial research and scientific organisations
• Mutual fund schemes
• Any other body corporate, individuals, etc., as decided by ICICI Prudential Asset Management Company
• Any other investor, whose identity is displayed on the website of the asset management company by the trustees

NAV Disclosure and Benchmark for ICICI Prudential Value Discovery Fund – Growth

The net asset value (NAV) of the units under the scheme will be calculated by dividing the total assets of the scheme by the total number units outstanding as on the date of valuation. The NAV will be computed and disclosed at the end of every business day. The formula to calculate the NAV is as given below:

NAV (in INR) = Market or Fair Value of the scheme’s investments + current assets – current liabilities and provision/Total number of units that are outstanding under the scheme.

The NAV if the scheme will be available at every Customer Service Centre of the company. It will be published in a minimum of two newspapers. It will also be published on the website of the AMC (www.icicipruamc.com) and on the AMFI website (www.amfiindia.com).

The scheme offers units for switch-in/sale/switch-out/redemption every business day at the NAV-based price. Any redemption proceed will be dispatched within a period of 10 business days from the redemption date. The benchmark for this scheme is S&P BSE 500 Index.

ICICI Prudential Value Discovery Fund – Growth Fund Manager

The fund manager of this scheme is Mr. Mrinal Singh. He has managed investments under this scheme since February 2011. The fund manager for overseas investments of the fund is Ms. Priyanka Khandelwal.

Investment Restrictions of ICICI Prudential Value Discovery Fund – Growth

Certain investment restrictions that are applicable for this scheme are as follows:

• A mutual fund scheme cannot invest over 10% of its net asset value in equity instruments or equity-related instruments of any one firm.
• If an organisation invests over 5% of the net asset value of any scheme, the investments made will need to be disclosed according to the SEBI (MF) regulations.
• No loans will be offered for any purpose under this scheme.
• Mutual fund schemes cannot invest over 10% of its net asset value in unrated debt instruments that are issued by a single issuer.
• The scheme is allowed to invest in any other scheme offered by the same asset management company or in other mutual funds without charging a fee.
• In the case of open-ended schemes, the scheme will not invest over 5% of its net asset value in unlisted equity-related instruments or equity shares.
• A mutual fund scheme cannot make investments of over 10% of its net asset value in equity shares/equity-related instruments of any one organisation.
• The fund will not borrow unless there is a temporary need for liquidity.
• Investments can be transferred from one scheme to another within the same mutual fund, provided certain conditions are met.
• The scheme will need to follow any other guidelines/regulations that may become applicable to investments of mutual funds.

*Note: The above-mentioned list of investment restrictions is not exhaustive. A full list of investment restrictions can be found in the Scheme Information Document.

Dividend Policy of ICICI Prudential Value Discovery Fund – Growth

The scheme will not declare dividends for the growth option. Any income earned through the scheme will be reinvested in the scheme. This will be reflected in the NAV. Thus, the growth option is best suited to those individuals who are looking for an investment option that will provide capital appreciation, rather than regular returns.

Other facilities under ICICI Prudential Value Discovery Fund – Growth

Certain special facilities that are offered under this fund are as follows:

• Systematic Investment Plan: Under the Systematic Investment Plan, unitholders are given the option to invest specific amounts of money, starting from Rs.500, on a regular basis.
• SIP Top-Up Facility: Unitholders can also avail the SIP Top-Up Facility to increase the SIP investment amount during the investment tenure. Investors can either opt for the Variable Top Up option or the Fixed Top Up option.
• SIP Plus: An investor who chooses to invest through a Systematic Investment Plan can opt for an additional facility called the SIP Plus. Under this, the investor will be enrolled under a group life insurance policy. ICICI Prudential Asset Management Company will pay the premium for this life cover.
• Systematic Withdrawal Plan: Investors can choose to enroll themselves under the Systematic Withdrawal Plan. By doing so, investors will be given the option of withdrawing a certain amount of money on a monthly basis from the investment made in the scheme.
• Systematic Transfer Plan: Under the Systematic Transfer Plan, unitholders can give the asset management company consent to transfer a certain amount on a periodic basis to other designated schemes.

Why you should Invest in ICICI Prudential Value Discovery Fund – Growth

ICICI Prudential Value Discovery Fund – Growth is ideal for those individuals who wish to create long-term wealth by investing in value stocks. Investors can choose the growth option under this fund if they do not require any immediate returns but would like to increase their capital during the course of the investment tenure. Since the ICICI Prudential Value Discovery Fund – Growth has a moderately high-risk profile, it is best suited to those individuals with a good appetite for risk.

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