Turn Mutual Fund into your Mutual Friend!

By Rahul Pithadia – 

Not all human beings are created equal . Some may not have the knowledge of mutual fund while some may depends on strong referrals of friends , family member or business associates. But to be frank the best way to create wealth in generation is by investing in Equity. Direct exposure is risky so here comes the other route to go towards the same destination through mutual funds. Time also plays a crucial role so make your fund your friend for a longer period to fetch maximum output from it.

ICICI Prudential Value Discovery Fund: Daily Chart

ICICI Pru Value Discovery Fund, ICICI Pru Value Discovery Fund chart, ICICI Pru Value Discovery Fund Elliott Wave Study

ICICI Prudential Value discovery fund is an open ended diversified equity fund, which aims at stock which are available at a discount to their intrinsic value through a process of ‘discovery’ this process is called as Fundamental research. This process involves indentifying companies that are well managed, fundamentally strong and are available at bargained price.

Portfolio Analysis: As per the sectoral holdings Banking/Finance have been most favored sector for this fund as it is contributing 22.06% to the entire portfolio followed by Capital Goods & Automotive sector. Top Holdings and Sector Allocation for this fund are shown below.

Top Holdings:

Top Holdings of ICICI Pru Value Discovery Fund

Sector Allocation: 

Sector Allocation of ICICI Pru Value Discovery Fund

Returns as on 3 May, 2016 

Returns of ICICI Pru Value Discovery Fund

Risk Profile:The risk is moderate in this fund as the investment is diversified among various assets. Average returns can be expected from this fund as the corrective phase of the market looks to be complete now we need to wait for prices to confirm. Investors looking forward for good returns with moderate risk should consider this fund for investments in staggered fashion or through SIP route.

In a nutshell, corrective action in this fund looks to be complete so investments in staggered fashion is advisable and SIP should turn out to be the best way as it will provide excellent cost averaging opportunities.

Make your Funds your Best Friends so as to get the maximum benefit of Investments in the same and get Online Portfolio Access on our Website, Free Weekly Research with Nifty Neo Wave Analysis,  Exclusive Articles, Monthly Account Statements, Easy Execution and Expert Advice – ALL FOR FREE!

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