Rs. 10 lakh invested at inception has grown to approximately Rs 2.5 cr over 18 years
The largest value fund in terms of assets, ICICI Prudential Value Discovery Fund,has successfully completed 18 years. The Scheme has an AUM of Rs. 24,694 crs which accounts for nearly 30% of the total AUM in the value category.This indicates significant investor trust of value investors in the scheme. Data as of July 31, 2022. (Source: Value Research).
The scheme follows a value investment style by investing in diversified portfolio of stocks that have attractive valuations but are quoting at a discount to their intrinsic value.
A lump sum investment of Rs. 10 lakhs at the time of inception (August 16, 2004), as of July 31, 2022, would be worth Rs. 2.5 crore i.e. a CAGR of 19.7%. A similar investment in Nifty 50 would have yielded a CAGR of 15.6% at Rs. 1.3 crore. With value investing being suited for long-term investing, SIP emerges as a good investment pathway. In terms of SIP performance, a monthly investment of Rs 10,000 via SIP since the inception, which would amount to a total investment of Rs 21.6 lakhs, would have grown to Rs 1.2cr as of July 31, 2022 i.e. a CAGR of 17.3%.
Past performance may or may not be sustained in future. *Inception date is 16 Aug 2004. **Scheme benchmark is Nifty 500 TRI.The performance of the scheme is benchmarked to the Total Return variant of the Index.
Speaking on the occasion of 18 years’completion, Nimesh Shah, MD & CEO of ICICI Prudential AMC says, “One of the good things we have noticed over the years is that value investing has been gaining traction among Indian investors. Investors are increasingly becoming aware of what constitutes value and why it is important and needs to be followed diligently. Overseas, value investing is an established and well-explored concept. With Indians having a natural disposition to see value in everything one purchases, we believe value investing will become more and more entrenched in our lives sooner than later.”
“Value as a strategy may not work in all phases of a market cycle. What investors need to remember is that value investing will deliver over the long term for a patient investor. Global experienceand the journey of ICICI Prudential Value Discovery Fund has taught us first hand that the approachtends to deliver sizeable returns in the long run. Furthermore, value investing at a time when market is elevated tends to do well as value focuses on investing in sectors which are out of favour but offer long term potential,”says S Naren, ED & CIO, ICICI Prudential AMC.
He further adds,“Up until September 2020, value was out of favour but as markets became expensive value was back in focus and has since then delivered encouraging returns.The gurus globally, like Benjamin Graham, Warren Buffet, Peter Lynch, Joel Greenblatt, amongst others, have been advocating value investing as the best way to build wealth.”
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Riskometer & Disclaimer
*For benchmark performance,values of earlier benchmark (Nifty 500 value 50 TRI) has been used till 31st Dec 2021 and revised benchmark (Nifty 500 TRI) values have been considered thereafter.
1. Different plans shall have different expense structure. The performance details provided here in are of ICICI Prudential Value Discovery Fund.
2. The scheme is currently managed by Sankaran Naren and Dharmesh Kakkad. Mr. Sankaran Naren has been managing this fund since Jan 2021. Total Schemes managed by the Fund Manager is 15 (15 are jointly managed). Mr. Dharmesh Kakkad has been managing this fund since Jan 2021. Total Schemes managed by the Fund Manager is 10 (8 are jointly managed). Please refer to factsheet page number 102 to 107 (https://www.icicipruamc.com/docs/default-source/documents/factsheet-and-portfolio/fund-factsheet-for-july-2022.pdf?sfvrsn=a0cce96b_4
) to view performance of other schemes managed by fund managers of the scheme namely Mr. Sankaren Naren and Mr. Dharmesh Kakkad.
3. Date of inception:16-Aug-04.
4. Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investment.
5. Load is not considered for computation of returns.
6. In case, the start/end date of the concerned period is a non-business date (NBD), the NAV of the previous date is considered for computation of returns. The NAV per unit shown in the table is as on the start date of the said period.
7. The benchmark of this scheme has been revised from Nifty 500 Value 50 TRI to Nifty 500 TRI w.e.f. January 01, 2022.
8. As the scheme was launched before the launch of the benchmark index, benchmark index figures since inception or the required period are not available.
9. For benchmark performance, values of earlier benchmark (Nifty 500 Value 50 TRI) has been used till 31st Dec 2021 and revised benchmark (Nifty 500 TRI) values have been considered thereafter.
10. The Scheme has an investor count of 8.5 lakh as on June 30, 2022
ICICI Prudential Value Discovery Fund -An open ended equity scheme following a value investment strategy
Please note that the Risk-o-meter(s) specified above will be evaluated and updated on a monthly basis. The above riskometer is as on July 31, 2022 Please refer to https://www.icicipruamc.com/news-and-updates/all-news
for more details.
The portfolio of the scheme is subject to changes within the provisions of the Scheme Information Document of the scheme. Please refer to the SID for investment pattern, strategy and risk factors.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.