ICICI Pru Value Discovery Fund(G)-Direct Plan

View the regular plan of this scheme

Rs 426.6   -2.6(-0.606 %) NAV as on 21 Feb 2024
Prime Rating: 5 
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Fund type:
Equity
AUM (in crores):
₹ 39,376.48
Fund category:
Value Fund
Fund manager(s):
Sankaran Naren, Dharmesh Kakkad
Benchmark:
NIFTY 500 - TRI
Minimum investment:
₹ 1000
Launch date:
01 Jan 2013
Min. additional investment:
₹ 500
Expense ratio:
1.02 %
Exit load:
1% on or before 12M, Nil after 12M

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 21 Feb 2024)

6 month returns 1 year returns3 year returns5 year returns Returns since inception
Scheme23.44 % 40.89 % 27.03 %24.37 % 19.60 %
NIFTY 50019.99 % 37.97 % 18.43 %17.85 % N/A

Portfolio

Top 10 stock holdings
Allocation (%)
Reliance Industries Ltd.
7.64%
HDFC Bank Ltd.
7.63%
ICICI Bank Ltd.
7.06%
Sun Pharmaceutical Industries Ltd.
6.57%
Bharti Airtel Ltd.
6.31%
Infosys Ltd.
6.22%
Oil & Natural Gas Corporation Ltd.
4.25%
NTPC Ltd.
4.12%
Maruti Suzuki India Ltd.
2.36%
Axis Bank Ltd.
2.22%

About this category

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.

Suitability

Value funds suit investors with high risk appetites. The minimum period for which these funds need to be held is 7 years.

Taxation

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.

How are mutual funds taxed?

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