Summary
- ICICI Prudential Value Discovery Fund has been renamed ICICI Prudential Value Fund effective June 16, 2025, without creating a new scheme or altering its track record.
- The fund follows a value-investment strategy, targeting companies with market prices below their assessed intrinsic value, and uses the NIFTY 500 Total Return Index as its benchmark.
- Investors should note that the rename does not reset holding periods or change the underlying portfolio, which remains subject to market risks.
- The article emphasizes the importance of reviewing current scheme documents for details on exit loads, expense ratios, and tax implications before making transactions.
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