ICICI Prudential Value Discovery Fund has completed 19 years as on Aug 16. This is the largest fund in the value category with total AUMs (assets under management) of ₹32,588 crore as on Aug 14, reveals the AMFI (Association of Mutual Funds in India) data.
The second largest fund in the value category: HSBC Value Fund has total AUM of ₹8,991 crore.
The top five holdings in the portfolio are ONGC (7.21%), Sun Pharma (7.02%), ICICI Bank (6.91%), NTPC (6.35%) and Bharti Airtel (5.63%).
The scheme has generated a high return of 19.77 percent since inception, shows the data on AMC's portal. This means if someone had invested ₹10,000 in this fund, it would have grown to ₹3,01,630.
In the past five years, the scheme has delivered a CAGR return of 16.12 percent. This means if someone had invested ₹10,000 in this scheme, it would have grown to ₹21,129.
In three years, the scheme has given a CAGR return of 31.33 percent. This means if someone had invested ₹10,000 in this scheme three years ago, the investment would have grown to ₹22,650.
| Tenor | CAGR (%) | If invested ₹10,000 |
| 3 years | 31.33 | ₹22,650 |
| 5 years | 16.12 | ₹21,129 |
| Since inception | 19.77 | ₹3,01,630 |
About the scheme: It is an open-ended equity scheme following a value investment strategy. This scheme adopts a bottom-up approach in identifying stocks that have strong fundamentals but are trading at prices lower than its intrinsic value.
The scheme is managed by Sankaran Naren and Dharmesh Kakkad.
Scheme's benchmark index is Nifty500 Value 50 index. There is no entry load and up to 12 months from allotment, the fund levies 1 percent exit load of applicable NAV. After 12 months from allotment, there is no exit load.
The minimum application amount is ₹1,000 and minimum additional application amount is ₹500.
