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Difference between revisions of "ICICI Prudential Value Discovery Fund"
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*Has healthy AUM of 17,304 crore (As on May 31, 2017) | *Has healthy AUM of 17,304 crore (As on May 31, 2017) | ||
*Having huge AUM helped reduce expense ratio. 0.88% (As on May 31, 2017) for Direct plan | *Having huge AUM helped reduce expense ratio. 0.88% (As on May 31, 2017) for Direct plan | ||
| − | *Distributors might be minting good money. | + | *Distributors might be minting good money. Expense ratio for Regular plan is 2.12% (As on May 31, 2017). Compare the difference in expense ratio between Regular and Direct plans. |
*Launch Date (of DIRECT Plan) is Jan 01, 2013; Return since Launch: 21.50% which is still fair | *Launch Date (of DIRECT Plan) is Jan 01, 2013; Return since Launch: 21.50% which is still fair | ||
*Performance of the scheme is lagging | *Performance of the scheme is lagging | ||
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**1-year: Scheme gave 16.41% vs Category average of 25.60% | **1-year: Scheme gave 16.41% vs Category average of 25.60% | ||
**3-year: Scheme gave 16.46% vs Category average of 15.69% | **3-year: Scheme gave 16.46% vs Category average of 15.69% | ||
| − | *Scheme rankings fell during | + | *Scheme returns and rankings fell drastically during the 3-year review period (only 3-year period available for Direct plans) |
*Scheme has higher exposure to Giant companies and less exposure towards Mid and Smallcap companies compared to that of the benchmark and category average | *Scheme has higher exposure to Giant companies and less exposure towards Mid and Smallcap companies compared to that of the benchmark and category average | ||
*Giant + Large caps allocation of scheme is 68.22% + 13.33 = 81.55% makes it appear to be a largecap scheme than a multicap scheme | *Giant + Large caps allocation of scheme is 68.22% + 13.33 = 81.55% makes it appear to be a largecap scheme than a multicap scheme | ||
| + | *Clearly scheme is giving more important to safety of investment over returns. | ||
==Alternative Multicap Schemes to consider== | ==Alternative Multicap Schemes to consider== | ||
| − | * | + | *Birla Sunlife Equity Fund |
| − | * | + | *Birla Sunlife Advantage Fund |
| − | * | + | *Kotak Opportunities Fund |
| − | * | + | *Kotak Select Focus Fund |
| − | * | + | *Invesco India Contra Fund |
| − | * | + | *Franklin India High Growth Companies Fund |
| − | * | + | *Motilal Oswal MOSt Focused Multicap 35 Fund |
==Related Lessons== | ==Related Lessons== | ||
*[[Equity Linked Savings Schemes]] | *[[Equity Linked Savings Schemes]] | ||
Revision as of 22:07, 17 June 2017
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- Review Date: June 18, 2017
- Has healthy AUM of 17,304 crore (As on May 31, 2017)
- Having huge AUM helped reduce expense ratio. 0.88% (As on May 31, 2017) for Direct plan
- Distributors might be minting good money. Expense ratio for Regular plan is 2.12% (As on May 31, 2017). Compare the difference in expense ratio between Regular and Direct plans.
- Launch Date (of DIRECT Plan) is Jan 01, 2013; Return since Launch: 21.50% which is still fair
- Performance of the scheme is lagging
- YTD: Scheme gave 12.65% vs Category average of 20.82%
- 1-year: Scheme gave 16.41% vs Category average of 25.60%
- 3-year: Scheme gave 16.46% vs Category average of 15.69%
- Scheme returns and rankings fell drastically during the 3-year review period (only 3-year period available for Direct plans)
- Scheme has higher exposure to Giant companies and less exposure towards Mid and Smallcap companies compared to that of the benchmark and category average
- Giant + Large caps allocation of scheme is 68.22% + 13.33 = 81.55% makes it appear to be a largecap scheme than a multicap scheme
- Clearly scheme is giving more important to safety of investment over returns.
Alternative Multicap Schemes to consider
- Birla Sunlife Equity Fund
- Birla Sunlife Advantage Fund
- Kotak Opportunities Fund
- Kotak Select Focus Fund
- Invesco India Contra Fund
- Franklin India High Growth Companies Fund
- Motilal Oswal MOSt Focused Multicap 35 Fund
Related Lessons
- Equity Linked Savings Schemes
- Expense Ratio
- Portfolio Turnover
- Exit Load
- Open-ended, Close-ended and Interval schemes
- DIRECT plan vs REGULAR plan
- GROWTH option vs DIVIDEND option
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