- The ICICI Prudential Value Discovery Fund – Growth is a value fund managed by ICICI Prudential Mutual Fund.
- As of May 23, 2024, the Net Asset Value (NAV) stands at ₹409.55, marking a 0.83% increase.
- The fund size is ₹42,664.32 crore, representing 38.53% of the investment in its category.
- With an expense ratio of 1.58%, it is relatively lower than the category average of 2.03%.
- This fund is marked with a Very High risk according to the Risk-O-Meter.
ICICI Prudential Value Discovery Fund – Performance
The fund has demonstrated robust performance across various periods. It has shown significant absolute returns over different investment horizons, often surpassing its benchmark, the Nifty 500 TRI, and the category average.
| Period | ₹10,000 Invested on | Latest Value | Absolute Returns | Annualised Returns | Category Avg | Rank within Category |
| 1 Week | 16-May-24 | 10,143.20 | 1.43% | – | 1.89% | 15/20 |
| 1 Month | 23-Apr-24 | 10,279.90 | 2.80% | – | 4.38% | 19/20 |
| 3 Month | 23-Feb-24 | 10,416.60 | 4.17% | – | 6.20% | 16/20 |
| 6 Month | 23-Nov-23 | 12,162.60 | 21.63% | – | 25.22% | 16/20 |
| YTD | 01-Jan-24 | 11,200.60 | 12.01% | – | 13.86% | 13/20 |
| 1 Year | 23-May-23 | 14,291.90 | 42.92% | 42.78% | 49.34% | 14/19 |
| 2 Year | 23-May-22 | 16,751.90 | 67.52% | 29.38% | 32.59% | 13/19 |
| 3 Year | 21-May-21 | 19,652.10 | 96.52% | 25.18% | 22.72% | 6/15 |
| 5 Year | 23-May-19 | 28,627.80 | 186.28% | 23.38% | 19.76% | 2/14 |
| 10 Year | 23-May-14 | 48,421.60 | 384.22% | 17.07% | 16.74% | 6/10 |
| Since Inception | 16-Aug-04 | 409,550.00 | 3995.50% | 20.64% | 19.27% | 4/20 |
SIP Performance
Systematic Investment Plans (SIP) have shown substantial returns, making it a preferred choice for investors looking for regular investment avenues.
| Period | ₹1000 SIP Started on | Investments | Latest Value | Absolute Returns | Annualised Returns |
| 1 Year | 23-May-23 | 13,000 | 15,811.38 | 21.63% | 40.79% |
| 2 Year | 23-May-22 | 25,000 | 34,844.46 | 39.38% | 34.86% |
| 3 Year | 21-May-21 | 37,000 | 56,127.57 | 51.70% | 28.62% |
| 5 Year | 23-May-19 | 61,000 | 125,127.84 | 105.13% | 28.93% |
| 10 Year | 23-May-14 | 121,000 | 331,170.64 | 173.69% | 19.03% |
ICICI Prudential Value Discovery Fund – Risk Ratios
The fund exhibits lower volatility and better risk-adjusted returns compared to its peers. This is evident from its superior Sharpe, Treynor, and Jensen’s Alpha ratios.
| Risk Metric | Fund Value | Category Avg |
| Standard Deviation | 10.2 | 11.85 |
| Beta | 0.78 | 0.94 |
| Sharpe Ratio | 1.74 | 1.25 |
| Treynor’s Ratio | 0.23 | 0.16 |
| Jensen’s Alpha | 7.75 | 2.87 |
ICICI Prudential Value Discovery Fund – Investment Strategy
The ICICI Prudential Value Discovery Fund focuses on investing in undervalued stocks that have the potential to provide high returns over time. It has a substantial investment in large-cap stocks (62.43%) and maintains a diversified portfolio with investments in mid-cap (7.62%) and small-cap (2.96%) stocks. The fund also holds a minor portion in debt securities (0.88%), primarily government securities.
ICICI Prudential Value Discovery Fund – Portfolio Analysis
The fund has a well-diversified portfolio, with significant holdings in various sectors, including private sector banks, refineries, software, pharmaceuticals, and telecom services.
| Stock Invested in | Sector | Value (Mn) | % of Total Holdings | 1M Change |
| HDFC Bank Ltd. | Private sector bank | 38,285.3 | 8.97% | 0.14% |
| ICICI Bank Ltd. | Private sector bank | 30,716.9 | 7.20% | 0.13% |
| Reliance Industries Ltd. | Refineries & marketing | 29,659.9 | 6.95% | -0.33% |
| Infosys Ltd. | Computers – software & consulting | 27,784.8 | 6.51% | 0.66% |
| Sun Pharmaceutical Industries Ltd. | Pharmaceuticals | 23,309.3 | 5.46% | -0.63% |
| Bharti Airtel Ltd. | Telecom – cellular & fixed line | 19,975.7 | 4.68% | -1.25% |
Disclaimer: The information provided in this article is for educational and informational purposes only. It should not be considered investment advice or a recommendation to invest in any particular mutual fund or asset class. Past performance does not indicate future results, and investors should research and consult with a financial advisor before making investment decisions. Investing in mutual funds involves risks, including the possible loss of principal invested.
