
ICICI Prudential Value Discovery Fund adopts a bottom-up approach to identify undervalued stocks based on various metrics. It focuses on large-cap stocks with small-caps allocation not exceeding 7 per cent and mid-cap allocation ranging between 15-30 per cent. The return of Sankaran Naren has made the portfolio more focused on conventional valuation metrics, making it a good option for old-school value investors. The fund has delivered 11.57 per cent and 4.08 per cent returns over the last 12 and six-months, placing it in the second and top quartile among its value-oriented peers, respectively. However, its performance in the limited time
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