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“Buying low and selling high” is the basic fundamental of successful commercial exercise. For doing the same in mutual funds, analysis of the companies which have the potential to grow in future is a must. This hard work is done by the highly experienced fund management staff of ICICI Prudential Mutual Fund which provides top-performing value-investing funds like ICICI Prudential Value Discovery Fund. If you are planning to invest in this fund, connect with experts at MySIPonline to know if it is suitable for you or not.
ICICI Prudential Value Discovery Fund is provided by ICICI Prudential AMC, which is one of the largest AMCs in India. It is a joint venture of ICICI Bank, one of the largest banks in India and Prudential plc, one of the UK’s largest players in the financial services sectors in 1998. The AMC has assets under management (AUM) of Rs 3,05,641.56 lakh crore.
ICICI Prudential Value Discovery Fund (G)
This equity-oriented fund invests in a well-diversified portfolio of large-cap value stocks. It follows the Warren Buffet’s strategy to buy at low and sell at high which has turned out to be a successful strategy. As a result, it has provided investors with a growth of 20.7% in 5 years and 13.2% in 2 years which is considerably better than many large-cap funds. In the long term, it has dominated its benchmark S&P BSE 500 TRI.
The management staff mainly targets large-cap companies of the diversified sector. The main objective is to search for the stocks which provide better valuations, and there is no other bar to invest the corpus. The fund has assets under management of Rs 16,652 crore which is mainly spread across equity instruments of technology, finance, pharmaceutical, automotive, and utilities related companies. 90% of the corpus is generally invested in equity instruments out of which, 80% is invested in large cap companies.
The fund charges an exit load of 1% if units are redeemed within 12 months, after that no exit load is charged. The Investor can start investing with Rs 1000 or more and can choose the SIP of minimum Rs 500. The NAV of ICICI Prudential Value Discovery Fund (G) is Rs 140.14 as on 22 May 2018.
Fund Managers The fund is manged by two of the very talented fund managers of ICICI Prudential AMC.
Mrinal Singh: Mr Singh became the fund manager in ICICI Prudential at a young age of 35. He holds a degree of B.E. and PGDM from SPJIMR Mumbai. Currently, he is managing 5 schemes with consolidated asset more than Rs 60,000 crore. Atul Patel: Mr Patel is a chartered Accountant and CWA. He is associated with ICICI Prudential since August, 2013. He has 3 years of experience as a performance analyst.
Who Should Invest in? Those investors who are particularly interested in valuations should go for ICICI Prudential Value Discovery Fund. Apart from that, those seeking moderate returns with a balanced risk factor can also go for it. Though it is always advised to consult with a financial expert for personal suggestions because every investor has different goals and comfort level.
The highly experienced financial experts at MySIPonline provide the best schemes for every individual. They aim to fulfil all the goals and targets of every investor by taking care of the risk and other factors involved in mutual fund investment.