Rating : ★ ★ ★ ★ ☆

ICICI Prudential Value Discovery Fund Direct Plan Dividend Payout

Equity

  

Value Fund

NAV

50.98 +0.56

(as on 20 Nov, 2020)

RETURNS

4.32 %

Fund Type

Open Ended

Investment Plan

Dividend Payout

Investment Plan

1%

Benchmark

S&P BSE 500 India TR INR

Asset Size

15421.99 Cr.

(As of 31 Oct, 2020)

Risk

Moderately High

Objective

To generate returns through a combination of dividend income and capital appreciation by investing primarily in a well-diversified portfolio of value stocks. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

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Fund manager

Mrinal Singh

Exit load

1 %

(If redeemed within 360 days)

Minimum sip

₹100

Minimum investment

₹1000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

Mahindra & Mahindra Ltd

8.62%

Sun Pharmaceuticals Industries Ltd

8.40%

Infosys Ltd

7.91%

PI Industries Ltd

5.84%

Sector Allocation

About the Scheme Type

To put it in simple terms, Value Funds are those which are eitherpriced at a discount to their inherent pricing or their current pricing do not reflect their true worth. Lower price ensures that risk is lessened to some extent while at the same time increases the return potential as well. Given that majority of funds are geared for growth, there are far lesser value funds available today. However, investors should realise that value funds can underperform during bull runs and as such, having a long-term strategy while investing in Value funds is ideal.

Ratings

This fund is rated 4 stars by Morning Star Ratings.

★ ★ ★ ★ ☆

Overview of ICICI Prudential Asset Management Company Limited

ICICI Prudential Asset Management Company Ltd. is a leading Indian asset management company (AMC) focused on bridging the gap between savings & investments and creating long term wealth for investors, through a range of simple and relevant investment solutions. The AMC is a joint venture between ICICI Bank, a well-known and trusted name in financial services in India and Prudential Plc, one of UK’s largest players in the financial services sectors. Throughout these years of the joint venture, the company has forged a position of pre-eminence in the Indian Mutual Fund industry. The AMC also caters to Portfolio Management Services for investors, spread across the country, along with International Advisory Mandates for clients across international markets in asset classes like Debt, Equity and Real Estate.

The ICICI Mutual Fund House has continuously aimed to provide investors with financial solutions to aid them in achieving their lifecycle objectives. It has constantly been on the forefront of innovation and has introduced various products aligned to meet customer needs, leading to a well-diversified portfolio of around 68 ICICI mutual fund schemes, across equity, debt, hybrid, solution oriented and others. The success of the various endeavours is evident in the mutual fund investor base which has witnessed tremendous growth over the years. Driven by an entirely investor centric approach, the organization today is a suitable mix of investment expertise, resource bandwidth and process orientation. ICICI Mutual Fund house endeavours to simplify its investor’s journey to meet their financial goals, and give a good investor experience through innovation, consistency and sustained risk adjusted performance. As of March 31, 2019, the investor base for the AMC stood at 4 million investors.

ICICI Prudential Mutual Fund offers a wide range of retail and corporate investment solutions across various asset classes - Equity, Debt, Hybrid, Solution Oriented and Others. ICICI Prudential Mutual Fund gained investor trust by managing funds as per its investment objectives and has been able to deliver superior risk adjusted returns. The consistent long term performance was achieved on the strength of fundamentals, process driven investment approach with enough flexibility for the fund managers to manage their funds in their respective unique style and insight. ICICI Mutual fund house, over the last 20 years, has emerged as a leading investment solution provider in India and has always aimed to fulfil its fiduciary responsibility of managing investor's wealth with prudence and due diligence.