What do you want from any mutual fund scheme?Answer in single line may be:
Invent good valued stocks, invest & offer returns.
There are number of mutual funds around which tend to invest in stock in which fund manager looks value in future.Choice is based on different criterias like P/E ratio,Price to Book value etc.
ICICI Prudential Discovery fund is a fund which makes choice of value stocks & performed very well in comparison with the benchmark.
ICICI Prudential Discovery fund was launched in July 2004 & currently have Asset Under Management of more than 2300 crore.
Performance Of ICICI Prudential Discovery:
As of now this fund looks good by its overall performance…but exit loads of the scheme are matter of concern..this fund charges exit load of 3% if redeemed within first 6 months,2% if redeemed in between period of 6 months – 18 Months…makes suitable only for long term investors.
