Career Search

Thursday, October 24, 2013

ICICI Prudential Value Fund Series I

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

 

Performance of the scheme will be benchmarked to the S&P BSE 500 index

ICICI Prudential Value Fund is a closeended equity scheme. The scheme will have tenure of three years (1095 days) from the date of allotment of units. Units of the scheme will be fully redeemed at the end of the maturity period, unless rolled over.


NFO PERIOD:

 

The NFO is open from October 18 to 28. The minimum subscription during the NFO period is Rs 5,000.


SCHEME OBJECTIVE:

 

The scheme aims to provide long-term capital growth by investing in a well-diversified portfolio of equity and equity-related securities.


INVESTMENT STRATEGY:

 

 The fund proposes to invest in stocks that are trading at a huge discount in the BSE 500 index and plans to book profit and distribute dividends regularly rather than waiting for 2-3 years as that could even wipe out the gains. As per the information document of the scheme, on the debt side the investment will be only in those securities that mature on or before the date of ma turity of the scheme.

BENCHMARK:

 

Perfor mance of the scheme will be benchmarked to the S&P BSE 500 index. S&P BSE 500 index repre sents nearly 94 per cent of the total market capi talisation on BSE. S&P BSE 500 covers the 20 major industries of the economy. The index consists of both growth and value stocks and is a fair representation of the indicative universe of the portfolio of the scheme.


ASSET ALLOCATION:

Indicative allocations are minimum 80 per cent to a maximum of 100 per cent in equity and equity-related instruments and up to 20 per cent in debt, money market instruments and cash.

The new fund offer from ICICI Prudential Mutual Fund is a departure from existing closeended equity funds, as such funds declare dividends only after the completion of the first year. But in this case, investors can look forward to dividend distribution much earlier, even before the completion of the first year of their investment. ICICI Pru Value Fund proposes to give dividend as and when the investment shows the desired appreciation in the net asset value.


The fund only offers the dividend option unlike other funds that also offer growth option. Equity funds with three-year lock-in have a better chance of rewarding investors with a good returns compared with an openended fund, where redemption pressure often doesn't allow fund managers to go for a long-term investment strategy. Value investing would be a good option now as the new government is expected to focus on growth, which will be a positive for the stocks that are now trading at discount.

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

Leave your comment with mail ID and we will answer them

OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

  1. ICICI Prudential Tax Plan Invest Online
  2. HDFC TaxSaver Invest Online
  3. DSP BlackRock Tax Saver Fund Invest Online
  4. Reliance Tax Saver (ELSS) Fund Invest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) Fund Invest Online
  7. SBI Magnum Tax Gain Scheme 1993 Invest Online
  8. Sundaram Tax Saver Invest Online
  9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

No comments: