Mutual Funds have always fascinated me, and I thought why not write something which may help readers to choose one, if they desire so. This not a review and readers are free to voice their opinion in the comments section.
Value discovery fund has given a fair performance. There is no entry load and 1 % exit load for redemption within a year, makes it a perfect plan for investors. It has low risk with investments across the fields, which includes, financial, energy, diversified, technology and healthcare.
Though, it has investment allocation of more than 90% on equity, yet one can count it as a low risk investment. The reason is its holdings. Check out its top 10 holdings in equity –
And when you see its top 10 holdings, you will notice that there are 4 banks namely, ICICI, HDFC, Bank of Baroda and Axis bank. All these 4 banks have a strong presence in the Indian economy sector, which makes this fund my personal favourite. I am sure Value Discovery Fund will peak in the coming days and months.
I invested in this fund in Mid Nov 2015, with its Nav hovering around 114, and then it dipped. It dipped considerably over the next few months, and at one point of time, it was close to 93. However, I was pretty sure, it will take off, and that exactly happened. In the last 6 months in has seen a rise of 18.46%, and 11.25% in the last 3 months.
The best part about this fund is the fact that you can redeem even Rs 500 from the total fund you have invested in. You can also choose to invest in the form of Systematic investment plan (SIP) as well.