Should investors in ICICI Value Fund- series 19 roll over to Value Discovery fund?
Synopsis
The closed-ended scheme which was launched in 2018 was scheduled to mature on June 24.
ICICI Prudential Mutual Fund announced the merger of its closed-ended scheme- ICICI Prudential Value Fund Series 19 into the ICICI Prudential Value Discovery fund, it’s flagship value scheme. Both these schemes are value funds and managed by S Naren.
The closed-ended scheme which was launched in 2018 was scheduled to mature on June 24. In three years, the scheme has offered 13.57% vs 11.74% offered by the benchmark. On the other, ICICI
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ICICI Prudential Mutual Fund has decided to merge Value Fund-Series 19, one of its largest closed-ended fund, into the Value Discovery Fund, an open-ended scheme.
May 12, 2021
At ₹5.04 lakh crore, SBI MF occupies top position
ICICI Prudential Mutual Fund has regained its second spot in the list of asset under management as of April-end toppling HDFC MF. Interestingly, SBI Mutual Fund with AUM of ₹5.04 lakh crore retained its numero uno position.
ICICI Pru MF recorded an AUM of ₹4.13 lakh crore while HDFC MF’s stood at ₹4.08 lakh crore last month. Previously, the difference between ICICI Mutual Fund and HDFC Mutual was just ₹1,000 crore.
Aditya Biral Sun Life Mutual Fund, which is gearing up to get listed on the stock exchange, has occupied the fourth position with an AUM of₹2.66 lakh crore while Kotak MF ranked fifth.
We continue to believe value investing will prevail, says S Naren
Synopsis There is good scope for return to be made from value investing. Even today there are many sectors where valuations are attractive , says S Naren of ICICI Prudential Mutual Fund
Value funds have staged a strong comeback in the last few months. Over the past 17 years, value investing has emerged as a good long-term investing strategy, especially through the SIP- route for long-term equity investors, says S Naren of ICICI Prudential Mutual Fund.
Edited interview
Everyone is talking about value these days in the market. As a well-known value investor, how do you view the scenario?There is good scope for return to be
ICICI Pru MF to launch Healthcare ETF
May 03, 2021
NFO opens on Thursday and closes on May 14
ICICI Prudential Mutual Fund will launch Healthcare ETF, which aims to provide returns that closely correspond to the returns provided by its benchmark Nifty Healthcare TRI Index.
The New Fund Offer opens on Thursday and closes on May 14.
The index will be listed on the NSE and BSE. The Healthcare ETF provides investors a choice to take exposure to multiple facets of healthcare through this product.
Nimesh Shah, Managing Director, ICICI Prudential AMC, said the ETF provides exposure to a basket of securities in the healthcare sector.