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About The Fund

Launched on August 16, 2004, ICICI Prudential Value Discovery Fund is an open-ended equity fund. It aims to invest in stocks that are available at prices lower relative to their historic prices, the company’s earnings and performance.

Fund Performance

Returns of ICICI Prudential Value Discovery Fund - Growth Option as on December 30, 2016 - (IPVDF)

ParticularsDecember 30,2015 to December 30,2016December 30,2014 to December 30,2015December 30,2013 to December 30,2014Since InceptionInception Date
Absolute Returns (%)Absolute Returns (%)Absolute Returns (%)Current Value of Investment of Rs. 10000CAGR (%) 
Scheme4.615.4473.76119110.0022.1530-DEC-06
Benchmark3.78-0.8236.9653735.3814.55
Nifty 50 Index3.01-4.0631.3951188.4414.10
NAV (Rs.) Per Unit (as on December 30,2016 : 119.11)113.86107.9962.1510.0010.00

Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investment. Date of inception:16-Aug-04. Performance of dividend option would be Net of Dividend distribution tax, if any. Benchmark is S&P BSE 500 Index. For computation of since inception returns (%) the allotment NAV has been taken as Rs. 10.00. Load is not considered for computation of returns. 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.

See all funds managed by fund manager*This excludes the performance of close-ended funds and fund of fund schemes.

Mrinal Singh

Scheme NameDecember 30,2015 to December 30,2016December 30,2014 to December 30,2015December 30,2013 to December 30,2014Since InceptionInception Date
Absolute Returns (%)Absolute Returns (%)Absolute Returns (%)Current Value of Investment of Rs.10000CAGR (%) 
ICICI Prudential Midcap Fund4.835.0986.9674700.0017.9528-OCT-04
Nifty Free Float Midcap 100 Index (Benchmark)7.136.4655.9161293.7916.05
Nifty 50 Index3.01-4.0631.3945474.1413.24
NAV (Rs.) Per Unit (as on December 30,2016 : 74.70)71.2667.8136.2710.0010.00
ICICI Prudential Technology Fund-3.973.9526.3439690.008.5303-MAR-00
S&P BSE Information Technology (Benchmark)-8.004.5116.5413859.791.96
Nifty 50 Index3.01-4.0631.3949431.169.96
NAV (Rs.) Per Unit (as on December 30,2016 : 39.69)41.3339.7631.4710.0010.00
ICICI Prudential Dividend Yield Equity Fund9.70-5.19-----16-MAY-14
Nifty Dividend Opportunities 50 Index (Benchmark)9.92-11.32-
Nifty 50 Index3.01-4.06-
NAV (Rs.) Per Unit (as on December 30,2016 : 13.23)12.0612.72-
ICICI Prudential Select Large Cap Fund10.60-5.2239.5924100.0012.2828-MAY-09
S&P BSE 100 Index (Benchmark)3.57-3.2532.2819412.199.12
Nifty 50 Index3.01-4.0631.3918873.908.72
NAV (Rs.) Per Unit (as on December 30,2016 : 24.10)21.7922.9916.4710.0010.00

Performance for Schemes not having Growth/Cumulative Options have been calculated considering the Dividend Option, Post Adjustment of the Dividend Factor. Wherever applicable, for calculating returns, NAV of ICICI Prudential Gold iWIN ETF has been adjusted on account of change in face value. With effect from July 22, 2016, the benchmark of ICICI Prudential Equity - Arbitrage Fund has been changed from Crisil Liquid Index Fund to Nifty 50 Arbitrage Index. Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investment. Performance of dividend option would be Net of Dividend distribution tax, if any. For computation of since inception returns the allotment NAV has been taken as Rs. 10.00 or Rs.100.00 as may be applicable. Load is not considered for computation of returns. In case, the start/end date of the concerned period is nonbusiness date (NBD), the NAV of the previous date is considered for computation of returns. ”-” - not available. “--” - Schemes in existence for > 1 year < 3 years, performance provided for as many 12 months period as possible, for the quarter ended December 30, 2016. The NAV per unit shown in the table is as on the start date of the said period.

Fund Highlights

Fund, which aims to invest stocks available at a discount to their intrinsic value, through a process of Discovery. The process involves identifying companies that are well managed, fundamentally strong, and are available at a price, which can be termed as a bargain.

Why Invest Now?

We believe that the Indian economy is on the cusp of cyclical recovery, and relatively lesser known stocks of companies with good fundamentals are expected to ride on the domestic economic growth.

To know more about ICICI Prudential Value Discovery Fund,watch this video:

Fund Features

Type of Scheme An open ended diversified equity fund
Plans ICICI Prudential Value Discovery Fund and ICICI Prudential Value Discovery Fund - Direct; Options: Growth & Dividend
Minimum Application Amount Rs. 1,000 (plus in multiples of Re.1)
Minimum Additional Application Amount Rs. 1,000 (plus in multiples of Re.1) (w.e.f. 07-July-16)
Minimum Redemption Amount Rs. 500 (and in multiples thereof)
Entry Load Nil
Exit Load
Upto 12 Months from allotment 1% of applicable NAV
More than 12 Months NIL
Fund Manager Mrinal Singh has been managing this scheme since Feb 2011 and has 14 years of overall experience

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This product is suitable for investors who are seeking*:

  • Long term wealth creation solution.
  • A diversified equity fund that aims to generate returns by investing in stocks with attractive valuations
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* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.