Fund Name: ICICI Pru Value Discovery (G)
CRISIL Rank: 3
Category: Equity – Small and Midcap
Expense Ratio: 2.28%
Risk Level: Average
Benchmark: CNX Midcap
Objective: Primary objective is to generate returns through a combination of dividend income and capital appreciation by investing primarily in a well diversified portfolio of value stocks.
ICICI Pru Value Discovery fund has made its inception in the year 2004. Since inception, it has produced annualized returns of 22%. It has managed to comprehensively beat the benchmark index as well as category average consistently in the 1, 3 and 5 year returns.
Top 5 holdings of the fund include RIL, ICICI bank, Amara Raja, PI Industries and State bank of India. The fund invests 50% of assets into mid caps, 20% in small caps and the rest in large caps. As the name suggests, the fund invests in stocks with value. These are the stocks which can unleash in the future.