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This Value Mutual Fund SIP Has Given Over 64.12% Returns In 5 Years, SIP Starts At Rs 100
These funds are a great way to save money and attain long-term financial objectives. The fund manager and his team of professionals and analysts do market research and choose only undervalued stocks that are predicted to perform well in the future days. One of such value-oriented funds from the house of ICICI Prudential Mutual Fund we have covered here that has given good returns both in a lump sum and SIP investment. Here are the details!
ICICI Prudential Value Discovery Fund-Direct-Growth
It is a Value-Oriented Equity mutual fund, that was launched o1 January 2013. The fund is an open-ended mid-sized fund in its category. The direct-Growth scheme of the fund asset under management as of 28 February 2022 is Rs 22,574.59 crore. The recent declared NAV (Net Asset Value) as of 11th March 2022 is Rs 266.06. While the expense ratio is 1.09%, which is very close to its category average expense ratio and what most other Value-Oriented equity mutual funds charge. The minimum SIP amount to invest in this scheme is Rs 100. Currently, the fund is managed by Sankaran Naren and Dharmesh Kakkad. The fund charges 1% exit load if redeemed within 12 months.
Should You Invest?
You can invest in this fund if you have a good understanding of macro trends and like to take selected bets for better returns than other Equity funds and can hold for a long time. Keep in mind, however, that even when the market is doing well, you should be prepared for moderate to large losses in your assets.
Returns and Performance
Absolute and Annualised Returns
The fund has outperformed the category average returns in every investment tenure, whether, 1-year, 2-year, 3-year, 5-year, or since its inception.
| Invested | Absolute Returns | Annualised Returns | Category Avg |
|---|---|---|---|
| 1 Year | 25.27% | 25.20% | 15.92% |
| 2 Year | 101.42% | 41.92% | 32.06% |
| 3 Year | 76.75% | 20.89% | 15.70% |
| 5 Year | 100.23% | 14.88% | 12.60% |
| Since Inception | 358.41% | 18.01% | 13.64% |
Source- Money Control
SIP Returns
It has given more than 50% absolute returns on SIP in 3 and 5-year investments.
| Invested | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 9.48% | 18.10% |
| 2 Year | 40.71% | 36.81% |
| 3 Year | 52.91% | 29.65% |
| 5 Year | 64.12% | 19.92% |
Source- Money Control
Portfolio
The fund invests 86.74 percent of its assets in Indian equities, with 67.42 percent in big caps, 9.05 percent in mid-caps, and 4.17 percent in small caps. Debt makes up 1.88 percent of the fund's portfolio, with 1.88 percent of it invested in government securities. The majority of the fund's assets are invested in the financial, energy, communication, healthcare, and automobile industries. However, the has not taken much exposure to the energy and financial sectors when compared to other mutual funds of its category. The fund's top 5 holdings are in National Thermal Power Corp. Ltd., Sun Pharmaceutical Inds. Ltd., Bharti Airtel Ltd., Mahindra & Mahindra Ltd., Oil & Natural Gas Corpn. Ltd.
Disclaimer
Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.
