Invest ICICI Pru Value Discovery Fund Online

 

With the Nifty down by 20% from its peak, it is that time in markets when value-investing works well. Because in a comprehensive fall, the possibility of seeking value is quite high.One such scheme which has delivered superior returns merely on its sharp focus on value-investing is ICICI Pru Value Discovery Fund. The scheme follows a contrarian approach in seeking value stocks. In this approach, the fund looks for companies which have high potential for growth but are trading at a discount to their intrinsic value. The scheme's fund manager Mrinal Singh is wary of buying any stock at premium valuation however it may seem. With these factors, the scheme has consistently beaten its benchmark and peers by a wide margin. In the past five years, when its benchmark S&P BSE500 has delivered 6.1% returns, the scheme has given 16.7% returns. In the same period, its peers delivered returns in the range of 10-12%. In the past six months, the scheme has bought beaten down but fundamentally good companies such as Axis Bank, Bajaj FinServ, Bharti Airtel and NMDC. For retail investors, it is advisable to invest in the scheme with an investment horizon of at least three years.