What makes ICICI Value Discovery Fund So Popular in its Category

Are you looking for a long-term investment that yields competitive returns and diversifies your investment portfolio? If yes, the ICICI Value Discovery Fund can be a suitable option.

With an AUM of Rs. 45,471 crores as of 30 June 2024, the Scheme follows a value-investment approach where the investors can invest in stocks of different companies that are trading below their intrinsic value but have appealing returns in the long run. The ICICI Value Discovery Fund has yielded a return of 25.5 % since its inception.

Let us explore the ICICI Value Discovery Fund, which has gained significant trust in the market over the years since its launch.

Overview of the ICICI Value Discovery Fund

Below are the key highlights of the ICICI Value Discovery Fund that every investor must know before investing.

• Fund Size: The total fund size of the ICICI Value Discovery Fund is Rs. 45,471 cr as reported on June 30. 2024.

• Current Net Asset Value (NAV): The current Net Asset value of the Scheme as of July 26, 2024, is Rs. 42.46 under the IDCW option of its regular plan.

• Expense Ratio: As reported on 30 June 2024 the fund’s expense ratio for the regular plan is 1.56 per cent.

• Exit Load: If the scheme is redeemed within 12 months, the ICICI Value Discovery Fund attracts an exit load of 1 percent.
• Minimum Investment: The minimum investment required is Rs. 1000 and the minimum additional investment is Rs. 500. For SIP, the minimum investment is Rs. 100.

Returns on ICICI Value Discovery Fund

Table shows the trailing returns of the ICICI Value Discovery Fund.

ICICI Value Discovery Fund has a moderate to high-risk profile, so investors must consider their overall financial goals and risk tolerance level to make an informed decision. This fund is suitable for Investors who want to invest for the long term and follow a minimum of 5-year investment horizon.

Investors should conduct extensive research before making any investment because the scheme is a high-risk profile.

What makes ICICI Value Discovery Fund Standout in its Category

ICICI Value Discovery Fund has been ranked number 2 by CRISIL because of its consistent performance among all equity funds. ICICI Value Discovery Fund is a multi-cap scheme so investors who want to invest in the stock of other companies with diverse market capitalization can invest in this fund. This helps to reduce the risk and gain stability in the long term.

Additionally, the ICICI Value Discovery Fund aims to offer dividend income and capital growth by investing in a different portfolio of value stocks which can yield competitive returns in the long run.

Also, over the years,  ICICI mutual funds have showcased high performance across different categories and are backed by the reputation of ICICI.

All these factors make this fund a popular choice under the value investing category for investors.

Conclusion

Despite having a somewhat high risk profile, the ICICI Value Discovery Fund has made a name for itself in the volatile market thanks to its value investment approach. The strategy has produced returns through dividend income and capital growth over the years. This makes this fund popular among investors.