ICICI Prudential Value Discovery Fund

ICICI Pru Value Discovery Fund(G)
Dividend Yearly
NA
Category
Equity - Large Cap
52-week NAV high
147.82  (As on 02-04-2019)
52-week NAV low
132.27  (As on 22-08-2019)
Expense
1.92%  (As on 31-10-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns -0.99 1.50 -3.92 2.52 -0.83 4.98 6.07 5.74 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Aug 16, 2004
Last Dividend
NA
Minimum Investment
1000

Type or nature of fund

This fund is an open-ended diversified equity fund

Investment objective

The main objective of this fund is to create wealth through finding the best bargain in good stocks. It offers the probability of high growth because the stocks that it invests in have not yet unlocked their potential value.

Fund information

Inception date 16 August 2004
CRISIL rank 1 (As of June 2015)
Plans Regular and Direct
Options Growth and Dividend
Schemes

•ICICI Prudential Value Discovery Fund - Direct Plan - Dividend

•ICICI Prudential Value Discovery Fund - Direct Plan - Growth

•ICICI Prudential Value Discovery Fund - Regular Plan - Dividend

•ICICI Prudential Value Discovery Fund - Regular Plan - Growth

Entry load Nil. If the investment is done through a distributor than the investor may have to pay an upfront fee to the distributor.
Exit load 1% of the NAV if the redemption or switch is happening within 12 months from allotment. After 12 months, Nil.
Minimum investment

•For new investors Rs. 5,000 with increments in multiples of Re. 1

•For additional investments Rs. 1,000 with increments in multiples of Re. 1

SIP

•Rs. 1,000 plus 5 post dated cheques for monthly SIP

•Rs. 5,000 and 3 post dated cheques for quarterly SIP

Product label

•The risk level of this fund is Moderately High

•It is targeted at those who are looking to create wealth over a long term

Benchmark

CNX NIFTY Index

It is a subsidiary of the NSE Strategic Investment Corporation Ltd. and covers 22 sectors from the indian economy. It is a free floating market capitalisation weighted index

SWP The minimum amount that can be withdrawn using an SWP is Rs. 500 with increments in multiples of Re. 1
STP Available
Redemption The minimum amount that can be withdrawn is Rs. 500 and with increments in multiples of Rs. 500.

Fund manager(s)

Mrinal Singh

  • Education: BE and PGDM
  • Past experience:
    • Fund Manager (AVP), ICICI Prudential AMC Ltd.
    • Senior Manager, ICICI Prudential AMC Ltd.
    • Manager, ICICI Prudential AMC Ltd.
    • WIPRO Ltd
    • Robert Bosch GmbH Motor Industries Co Ltd.(MICO),Bangalore
  • Other funds managed
    • ICICI Prudential Technology Fund
    • ICICI Prudential Midcap Fund
    • ICICI Prudential Advisor Series
    • ICICI Prudential Dividend Yield Equity Fund
    • ICICI Prudential value Fund – Series 4
    • ICICI Prudential value Fund – Series 5

Investment philosophy or strategy

The philosophy that is followed for picking investments by this fund is a “Bottom-up” philosophy. The investments are picked based on certain attributes like Price/earning and price/book value. They are also picked based on the dividend yield.

Portfolio – Top 10 holdings

Sector Investment
Banks

•HDFC Bank Ltd. 5.97%

•ICICI Bank Ltd. 2.05%

•The Jammu & Kashmir Bank Ltd. 1.03%

•Karur Vysya Bank Ltd. 0.98%

•Bank Of Baroda 0.46%

•Punjab National Bank 0.10%

•Punjab National Bank - Futures 0.51% (Dividends)

10.58%
Software

•Wipro Ltd. 2.99%

•Infosys Ltd. 2.81%

•Mindtree Ltd. 1.30%

•Eclerx Services Ltd. 0.85%

•Persistent Systems Ltd. 0.80%

•HCL Technologies Ltd. 0.77%

•Oracle Financial Services Software Ltd. 0.60%

•Nucleus Software Exports Ltd. 0.05%

10.15%
Auto

•Mahindra & Mahindra Ltd. 3.03%

•Tata Motors Ltd. 2.68%

•Maruti Suzuki India Ltd. 2.08%

•Hero Motocorp Ltd. 1.62%

9.41%
CPs and CDs

•Vedanta Ltd. CRISIL A1+ 4.55%

•IndusInd Bank Ltd. CRISIL A1+ 2.39%

6.94%
Power

•NTPC Ltd. 4.31%

•Power Grid Corporation Of India Ltd. 1.53%

5.85%
Auto Ancillaries

•Amara Raja Batteries Ltd. 2.71%

•Exide Industries Ltd. 1.37%

•Balkrishna Industries Ltd. 1.31%

•Apollo Tyres Ltd. 0.34%

5.73%
Consumer Non Durables

•Marico Ltd. 2.30%

•United Spirits Ltd. 2.11%

•Balrampur Chini Mills Ltd. 0.24%

4.65%
Pesticides

•PI Industries Ltd. 2.70%

•UPL Ltd. 1.64%

4.35%
Petroleum Products

•Reliance Industries Ltd. 3.88%

•Pharmaceuticals 5.62%

•Cipla Ltd. 1.80%

•Divi's Laboratories Ltd. 1.42%

•Torrent Pharmaceuticals Ltd. 1.29%

•Natco Pharma Ltd. 1.12%

3.88%
Industrial Capital Goods

•Bharat Heavy Electricals Ltd. 1.40%

•Bharat Electronics Ltd. 1.38%

•Voltamp Transformers Ltd. 0.50%

•Triveni Turbine Ltd. 0.50%

3.77%

Risk measures

Sharpe ratio 1.38
Alpha  
Portfolio beta 0.81
Std deviation 16.05% (annual)

Performance

AUM Rs. 9408.27 crores (As of June 30, 2015)
NAV (As of June 30, 2015)

•Regular Plan Growth Option : Rs. 113.63

•Regular Plan Dividend Option : Rs. 32.20

•Direct Plan Growth Option : Rs. 115.87

•Direct Plan Dividend Option : Rs. 43.21

Expense ratio

•ICICI Prudential Value Discovery Fund - Regular plan

  • First 100 crore - 2.5%
  • Next 300 crore - 2.25%
  • Next 300 crore - 2%
  • Balance - 1.75%

•ICICI Prudential Value Discovery Fund - Direct plan: 0.95

Returns

  2014-2015 (Absolute Returns) 2013-2014 (Absolute Returns) 2012-2013 (Absolute Returns) Since inception (value of Rs. 10,000 today)
Scheme 26.21% 75.74% 5.24% 113630
NIFTY 9.95% 30.28% 10.67% 52330.93
NAV (in Rs.) 90.03 51.23 48.68 Assume Rs. 10

Expert view of the fund

This is a fund that was put at the top of the list of diversified equity funds because of its returns that were close to 12%. The fund has delivered an average of 60% but it did see a slump in performance over 2004 and 2007. The fund has maintained an investment of about 90% in equities. It is a fund that is in a position to invest in stocks that can be considered undervalued today but may become valuable in the future. It has limited its exposure in the FMCG market but SIP investments in this fund can yield up to twice the returns as compared to those provided by its benchmark CNX Nifty.

How to apply

The first way to apply for the ICICI Prudential Value Discovery Fund is to approach a certified distributor or the ICICI Prudential office itself. There investors will have the opportunity to speak to experts and make the best decisions as far as investing in this fund are concerned. They will also be able to obtain, fill and submit the application form for this mutual fund and have the chance to make the payments towards this fund via cheques or demand drafts.

For those who prefer online portals, the company website has an option available to new and existing investors to log in and start investing in this fund directly. The website will also allow them to choose the scheme that they want to invest in and make the payments via net banking, NEFT/RTGS transfers or debit cards. SIP options are also available on investments made through the website.

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