Career Search

Friday, November 22, 2013

ICICI Prudential Value Fund

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

 With GDP growth at its lowest, the close-ended fund aims to benefit from any rebound in the market in the near future  

After the financial meltdown of 2008, the buzz in the equities market has been restricted to select sectors like FMCG, healthcare and information technology, making them value picks.


In an attempt to tap these attractively valued stocks that can turn out to be potential winners, ICICI Prudential has launched a close-ended scheme, ICICI Prudential Value Fund.


While the fund house already has a value-theme-based fund in its basket — ICICI Prudential Discovery manages assets of about . 2,500 crore — its new offering is intended to be different in that it will have a more concentrated portfolio of 25-30 stocks.


The scheme is being launched at a time the GDP growth is at its lowest point, so that it can benefit from any recovery in the market in the near future.


The scheme will concentrate its synergies on value stocks in sectors such as engineering, capital goods, metals, automobiles and others that have been badly bruised in the past couple of years, over sectors such as consumer non-durables, healthcare and information technology (IT) that are currently fairly expensive.


Also, since the scheme will be close-ended with a lock-in period of three years, the fund manger will have room to take challenging investment calls without the fear of redemption.


Post the lock-in, investors will be allowed to either redeem their investments or switch to any other existing equity schemes of the fund house. During the lock-in period, the investor will get periodic dividends as the scheme comes with just the dividend payout option.


Given the investment rationale, the Value Fund aims to recreate the magic of Discovery Fund that turned out to be fairly successful post the financial crisis with annualised returns of over 30% over a five-year period against the category average of 20% annualised and Nifty returns of 19% annualised during the period.


But whether the new fund will script the same kind of success will largely depend on the economic recovery in future.

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: