ICICI Pru Value Discovery Fund

Invest ICICI Pru Value Discovery Fund Online

Schemes which follow a combination of contrarian and value kind of investing would serve well investors who have been looking for prudent investments in present markets conditions.

Among the schemes which have consistently followed this style of investing and have justly rewarded investors with noteworthy performance is ICICI Prudential Value Discovery Fund. In the past five and 10-year periods, the scheme has delivered 23.5% and 16 % returns while its benchmark BSE 500 has delivered 12.8% and 7.7 % returns, respectively, in the same periods. This outperformance can be attributed to the stockpicking strategy of the scheme and its exquisite implementation by its fund manager Mrinal Singh, who has been with the scheme for the past five years. The scheme looks for those companies which not only have growth potential but also are attractive on financial ratios such as price to book value and relative market capitalisation. The scheme is not fixed about the market capitalisation of companies in the portfolio. A large part of the scheme (over 60%) is invested in large-sized companies while the remaining portfolio is divided between mid-and small-sized companies.

In the past six months (ending October), the scheme has invested in companies which to a large extent come under the defensive theme. Companies such as Sun Pharma, Wipro, Infosys and HDFC Bank are the ones in which the scheme has enhanced its exposure. Also companies where there has been little valuation comfort, the fund manager has promptly exited. These companies are ONGC, Hero MotoCorp and Tata Motors.

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