ICICI Pru Value Discovery Fund(G)-Direct Plan
View the regular plan of this scheme
Rs 439.07 3.49(0.801 %) NAV as on 25 Apr 2024
Scheme Objective: To generate returns through a combination of dividend income and capital appreciation by investing primarily in a well-diversified portfolio of value stocks.
Performance (As on 25 Apr 2024)
| 6 month returns | 1 year returns | 3 year returns | 5 year returns | Returns since inception | |
|---|---|---|---|---|---|
| Scheme | 25.97 % | 45.28 % | 28.53 % | 23.15 % | 19.57 % |
| NIFTY 500 | 25.88 % | 38.87 % | 19.46 % | 16.53 % | N/A |
Portfolio
Value funds invest in stocks with growth potential but are trading at price-earnings multiples that are below average or the market. Funds use a combination of valuation metrics, including price-to-earnings and price-to-book ratios. Returns come in when markets take note of the growth in these stocks and re-rate them higher, at which point the funds book profits. These funds can go through phases of poor performance and needs to be held right through these periods. The Nifty 500 or the BSE 500 can be used as benchmarks to measure performance.
Value funds suit investors with high risk appetites. The minimum period for which these funds need to be held is 7 years.
Short-term: Holding period is less than 12 months.
Taxation: Capital gains are taxed at 15%
Long-term: Holding period is 12 months or more.
Taxation: Capital gains up to Rs 100,000 each financial year is tax-exempt. Remaining capital gains is taxed at 10%. For investments made on or before January 31st, 2018: Capital gain up to this date is tax-free.
