
Few value funds have a stronger value focus than ICICI Prudential Value Discovery. Who is it suitable for? This fund can be part of a long-term portfolio that aims to build wealth in the long run. As the fund has a strong value-oriented approach, investors need to persist with it over longer investing horizons as they would experience patches of lean performance due to the cyclicality of the style. Investment strategy The fund adopts a bottom-up approach to identifying value stocks. They look at stocks whose prices are low relative to their historical performance, earnings, book value, cash flow potential and dividend yield. It also identifies companies, typically from large-caps, they believe are beaten down due to non-fundamental reasons. The fund had a more aggressive stock-picking process. But in the last six years, it has shown a stronger bias to large-cap stocks (70-85 per ce
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