Investing in SIPs (Systematic Investment Plans) is a disciplined approach to building wealth over time. Suppose you’re torn between ICICI Prudential Value Discovery Fund and JM Value Fund. In that case, this blog will provide a detailed comparative analysis to help you make an informed decision. We’ll examine various critical parameters so you can select the fund that aligns best with your financial goals.
Investment Style
Understanding the investment style of a mutual fund is essential as it dictates the fund’s strategy and risk profile.
ICICI Prudential Value Discovery Fund: Growth
JM Value Fund: Blend
The ICICI Prudential Value Discovery Fund focuses on growth, aiming for long-term capital appreciation by investing in undervalued companies with high growth potential. Conversely, the JM Value Fund follows a blended strategy, balancing growth and value stocks to provide steady returns.
Loading ...Returns Analysis
One of the most critical aspects to consider while choosing a mutual fund is its returns over various periods. Let’s analyze the trailing returns of both funds.
Trailing Returns
| Period Invested for | ICICI Prudential Value Discovery Fund | JM Value Fund |
| 1 Year | 39.79% | 63.21% |
| 2 Year | 29.77% | 43.37% |
| 3 Year | 25.18% | 30.37% |
| 5 Year | 24.17% | 25.79% |
| 10 Year | 19.06% | 20.58% |
Data Analysis:
- 1 Year: The JM Value Fund has outperformed with a whopping 63.21% return compared to ICICI’s 39.79%.
- 2 Year: The trend continues with JM Value Fund providing 43.37%, significantly higher than ICICI’s 29.77%.
- 3 Year: JM Value Fund leads again with 30.37%, compared to ICICI’s 25.18%.
- 5 Year: JM Value Fund slightly edges out ICICI, showing a 25.79% return against ICICI’s 24.17%.
- 10 Year: The long-term returns also favour the JM Value Fund at 20.58%, while ICICI trails at 19.06%.
key takeways
- Short-Term Performance: JM Value Fund has shown superior performance in the short term, particularly over the 1-year and 2-year periods.
- Medium-Term Performance: The trend of outperformance by JM Value Fund continues in the 3-year and 5-year periods, though the gap narrows slightly.
- Long-Term Performance: Even over a decade, JM Value Fund has a slight edge, indicating consistent performance over varying periods.
The consistent outperformance of JM Value Fund across all periods indicates its superior ability to generate returns in both short and long-term horizons.
Lumpsum Investment Value
To understand the actual growth of your investment, let’s compare these funds’ lump sum investment values.
| Period Invested for | ICICI Prudential Value Discovery Fund | JM Value Fund |
| 1 Year | ₹14,004.4 | ₹16,387.1 |
| 2 Year | ₹16,853.2 | ₹20,595.3 |
| 3 Year | ₹19,640.5 | ₹22,172.0 |
| 5 Year | ₹29,549.5 | ₹31,529.7 |
| 10 Year | ₹57,311.5 | ₹65,067.6 |
Data Analysis:
- 1 Year: Investing ₹10,000 in JM Value Fund would now be ₹16,387.1, compared to ₹14,004.4 in ICICI.
- 2 Year: The value grows to ₹20,595.3 in JM versus ₹16,853.2 in ICICI.
- 3 Year: Your investment in JM would be ₹22,172.0, higher than ₹19,640.5 in ICICI.
- 5 Year: JM continues to lead with ₹31,529.7 compared to ICICI’s ₹29,549.5.
- 10 Year: The long-term investment value of JM is ₹65,067.6, significantly more than ICICI’s ₹57,311.5.
Key Takeaways
- Short-Term Growth: JM Value Fund shows significantly higher growth in the short term, especially over the 1-year and 2-year periods.
- Medium-Term Growth: The outperformance continues in the 3-year and 5-year investments, with JM Value Fund consistently delivering higher returns.
- Long-Term Growth: Over 10 years, JM Value Fund’s investment value is considerably higher, indicating robust long-term performance.
SIP Returns
| Period Invested for | ICICI Prudential Value Discovery Fund | JM Value Fund |
| 1 Year | 36.06% | 54.64% |
| 2 Year | 32.20% | 48.25% |
| 3 Year | 26.71% | 35.81% |
| 5 Year | 28.09% | 31.70% |
| 10 Year | 19.15% | 21.49% |
Data Analysis:
- 1 Year: JM Value Fund leads with a 54.64% return compared to ICICI’s 36.06%.
- 2 Year: JM Value Fund outperforms again with 48.25%, versus ICICI’s 32.20%.
- 3 Year: JM Value Fund maintains its edge at 35.81%, over ICICI’s 26.71%.
- 5 Year: JM Value Fund delivers 31.70%, slightly higher than ICICI’s 28.09%.
- 10 Year: JM Value Fund records 21.49%, outperforming ICICI’s 19.15%.
The consistently higher returns of JM Value Fund across different periods indicate its robust performance and superior return potential.
Key Takeaways
- Short-Term SIP Returns: JM Value Fund has shown exceptional performance in the short-term SIP periods, particularly in the 1-year and 2-year durations.
- Medium-Term SIP Returns: The trend of superior performance by JM Value Fund continues in the 3-year and 5-year SIP periods, though the gap narrows.
- Long-Term SIP Returns: Even over a decade, JM Value Fund demonstrates a consistent lead, indicating long-term solid potential for systematic investment plans.
SIP Investment Value
To understand the actual growth of your investment, let’s compare the SIP investment values of these funds.
| Period Invested for | Investments | ICICI Prudential Value Discovery Fund | JM Value Fund |
| 1 Year | ₹12,000 | ₹14,230.53 | ₹15,312.59 |
| 2 Year | ₹24,000 | ₹32,508.85 | ₹37,094.52 |
| 3 Year | ₹36,000 | ₹52,938.77 | ₹59,729.28 |
| 5 Year | ₹60,000 | ₹119,900.46 | ₹130,558.15 |
| 10 Year | ₹120,000 | ₹328,905.92 | ₹373,313.03 |
Data Analysis:
- 1 Year: Investing ₹12,000 in JM Value Fund would now be ₹15,312.59, compared to ₹14,230.53 in ICICI.
- 2 Year: The value grows to ₹37,094.52 in JM versus ₹32,508.85 in ICICI.
- 3 Year: Your investment in JM would be ₹59,729.28, higher than ₹52,938.77 in ICICI.
- 5 Year: JM continues to lead with ₹130,558.15 compared to ICICI’s ₹119,900.46.
- 10 Year: The long-term investment value of JM is ₹373,313.03, significantly more than ICICI’s ₹328,905.92.
This comparison highlights that the JM Value Fund provides higher returns percentage-wise and translates to more excellent absolute investment value over time.
Key Takeaways
- Short-Term SIP Investment Values: JM Value Fund shows significantly higher growth in the short term, particularly over the 1-year and 2-year SIP periods.
- Medium-Term SIP Investment Values: The trend of outperformance by JM Value Fund continues in the 3-year and 5-year investments, with consistently higher returns.
- Long-Term SIP Investment Values: Over 10 years, JM Value Fund’s investment value is considerably higher, indicating robust long-term performance
CAGR (Compound Annual Growth Rate)
The CAGR helps understand an investment’s average annual growth rate over a specified period.
CAGR
| Category | 1 Y | 3 Y | 5 Y | 9 Y |
| ICICI Prudential Value Discovery Fund | 42.90% | 26.92% | 22.50% | 15.28% |
| JM Value Fund | 66.55% | 30.42% | 23.79% | 17.92% |
Data Analysis:
- 1 Year: JM Value Fund has a significantly higher CAGR of 66.55% than ICICI’s 42.90%.
- 3 Year: JM Value Fund records a CAGR of 30.42%, higher than ICICI’s 26.92%.
- 5 Year: JM Value Fund’s CAGR is 23.79%, compared to ICICI’s 22.50%.
- 9 Year: JM Value Fund achieves 17.92%, outpacing ICICI’s 15.28%.
The higher CAGR of JM Value Fund across different periods reflects its superior growth potential and better performance consistency.
Key Takeaways
- Short-Term CAGR: JM Value Fund shows a much higher CAGR in the short term, particularly over the 1 year.
- Medium-Term CAGR: The trend of superior performance by JM Value Fund continues in the 3-year and 5-year periods.
- Long-Term CAGR: Even over nine years, JM Value Fund demonstrates a higher CAGR, indicating consistent long-term growth.
Rolling Returns
Rolling returns provide a clear picture of a fund’s performance consistency over different periods, offering a robust way to evaluate its return potential.
| Category | 1 Y | 3 Y | 5 Y | 9 Y |
| ICICI Prudential Value Discovery Fund | 21.47% | 17.93% | 14.92% | 18.00% |
| JM Value Fund | 22.94% | 18.23% | 15.61% | 17.81% |
Data Analysis:
- 1 Year: JM Value Fund has slightly higher rolling returns at 22.94%, compared to ICICI’s 21.47%.
- 3 Year: JM Value Fund shows 18.23%, marginally better than ICICI’s 17.93%.
- 5 Year: JM Value Fund records 15.61%, slightly higher than ICICI’s 14.92%.
- 9 Year: ICICI marginally leads with 18.00%, while JM follows closely at 17.81%.
While the rolling returns for both funds are pretty close, JM Value Fund generally maintains a slight edge, indicating more consistent performance.
Key Takeaways
- Short-Term Rolling Returns: JM Value Fund shows slightly higher returns in the short term, particularly over the 1-year and 3-year periods.
- Medium-Term Rolling Returns: JM Value Fund outperforming continues in the 5 years.
- Long-Term Rolling Returns: ICICI Prudential has marginally led over nine years, but the JM Value Fund remains very close.
Annualized/Calendar Year Returns
Understanding the year-by-year performance of mutual funds can provide insight into their consistency and reliability.
Annualized/Calendar Year Returns
| Period | ICICI Prudential Value Discovery Fund | JM Value Fund |
| 2023 | 32.08% | 48.69% |
| 2022 | 15.59% | 6.05% |
| 2021 | 39.27% | 37.17% |
| 2020 | 23.55% | 14.14% |
| 2019 | 1.21% | 12.67% |
| 2018 | -3.34% | -10.65% |
| 2017 | 25.16% | 45.87% |
| 2016 | 5.97% | 14.41% |
| 2015 | 6.57% | 5.11% |
| 2014 | 75.10% | 53.51% |
Analysis:
- Outperformance Count: ICICI Prudential Value Discovery Fund has outperformed JM Value Fund in 6 out of the 10 years.
- Consistency: While ICICI Prudential has shown strong returns in specific years (e.g., 2014 and 2023), JM Value Fund also demonstrates impressive performance in years like 2023 and 2017.
- Negative Returns: Both funds have experienced years with negative returns, highlighting the importance of a long-term perspective.
Key Takeaways:
- ICICI Prudential Value Discovery Fund shows a more consistent performance, with fewer years of negative returns.
- JM Value Fund has more substantial individual years but is slightly more volatile.
Quarterly Results
Quarterly results provide a more granular view of the fund’s yearly performance.
| Period | ICICI Prudential Value Discovery Fund | JM Value Fund |
| Q1 – 2024 | 8.07% | 5.17% |
| Q4 – 2023 | 11.24% | 14.65% |
| Q3 – 2023 | 9.16% | 13.35% |
| Q2 – 2023 | 10.32% | 15.54% |
| Q1 – 2023 | -1.40% | -0.98% |
| Q4 – 2022 | 8.21% | 9.56% |
| Q3 – 2022 | 8.67% | 10.00% |
| Q2 – 2022 | -6.74% | -11.63% |
| Q1 – 2022 | 5.00% | -1.54% |
| Q4 – 2021 | -1.14% | 2.24% |
| Q3 – 2021 | 14.06% | 11.80% |
| Q2 – 2021 | 9.68% | 7.98% |
| Q1 – 2021 | 9.39% | 9.99% |
| Q4 – 2020 | 19.23% | 24.88% |
| Q3 – 2020 | 9.68% | 5.04% |
| Q2 – 2020 | 30.10% | 21.83% |
| Q1 – 2020 | -25.81% | -28.41% |
Analysis:
- Outperformance Count: JM Value Fund has outperformed ICICI Prudential Value Discovery Fund in 9 quarters, whereas ICICI has outperformed in 8 quarters.
- Volatility: Both funds have experienced periods of negative returns, particularly noticeable in Q1 2020 during the market downturn.
Key Takeaways:
- JM Value Fund tends to outperform more frequently quarterly.
- ICICI Prudential Value Discovery Fund shows competitive performance, with slightly lower volatility in some quarters.
Risk Analysis
Maximum Drawdown
Maximum drawdown indicates the maximum loss from a peak to a trough before a new peak is achieved, indicating the potential risk of the fund.
Maximum Drawdown
| Period | ICICI Prudential Value Discovery Fund | JM Value Fund |
| 3-Yr | -5.84% | -12.35% |
| 5-Yr | -27.52% | -30.02% |
Analysis:
- 3-Year Period: ICICI Prudential Value Discovery Fund shows a lower drawdown of -5.84% compared to JM Value Fund’s -12.35%, indicating lower risk in the short term.
- 5-Year Period: Both funds experience significant drawdowns, with JM Value Fund slightly worse off.
Key Takeaways:
- ICICI Prudential Value Discovery Fund has a lower maximum drawdown, suggesting it might be a safer bet during market downturns.
- JM Value Fund exhibits higher volatility, which could be a consideration for risk-averse investors.
Mean, Sortino Ratio and Treynor’s Ratio
Assessing risk is crucial to understanding each fund’s potential downside and volatility.
| Category | Mean Return (%) | Sortino (%) | Treynor’s Ratio (%) |
| ICICI Prudential Value Discovery Fund | 25.3 | 3.49 | 0.23 |
| JM Value Fund | 28.53 | 3.39 | 0.2 |
Analysis:
- Mean Return: JM Value Fund has a higher mean return at 28.53% compared to ICICI’s 25.3%.
- Sortino Ratio: ICICI has a slightly better Sortino ratio, indicating a better risk-adjusted return.
- Treynor’s Ratio: ICICI also leads in Treynor’s Ratio, suggesting it compensates better for risk taken.
Key Takeaways:
- JM Value Fund offers higher mean returns but with slightly higher risk.
- ICICI Prudential Value Discovery Fund provides better risk-adjusted returns, making it potentially safer for risk-averse investors.
Standard Deviation
Standard deviation measures the volatility of the fund’s returns.
| Category | Std Dev (%) 3Y | Std Dev (%) 5Y | Std Dev (%) 10Y |
| ICICI Prudential Value Discovery Fund | 11.13 | 16.76 | 15.51 |
| JM Value Fund | 13.8 | 20.35 | 19.25 |
Analysis:
- 3-Year Period: ICICI has lower volatility at 11.13% compared to JM’s 13.8%.
- 5-Year Period: ICICI continues to show lower volatility at 16.76%, while JM has 20.35%.
- 10-Year Period: ICICI remains more stable with a standard deviation of 15.51% versus JM’s 19.25%.
Key Takeaways:
- ICICI Prudential Value Discovery Fund exhibits lower volatility, making it a safer option during market fluctuations.
- JM Value Fund has higher volatility, which could mean higher potential returns and risk.
Sharpe Ratio
The Sharpe ratio measures the fund’s risk-adjusted Return.
| Category | Sharpe (%) 3Y | Sharpe (%) 5Y | Sharpe (%) 10Y |
| ICICI Prudential Value Discovery Fund | 1.79 | 1.03 | 0.87 |
| JM Value Fund | 1.69 | 0.95 | 0.81 |
Analysis:
- 3-Year Period: ICICI has a higher Sharpe ratio of 1.79 than JM’s 1.69.
- 5-Year Period: ICICI maintains a lead with 1.03, versus JM’s 0.95.
- 10-Year Period: ICICI has a slightly higher Sharpe ratio at 0.87, while JM follows with 0.81.
Key Takeaways:
- ICICI Prudential Value Discovery Fund provides better risk-adjusted returns across all periods.
- JM Value Fund has slightly lower risk-adjusted returns, reflecting its higher volatility.
Beta
Beta evaluates the volatility of the fund compared to the market.
| Category | Beta (%) 3Y | Beta (%) 5Y | Beta (%) 10Y |
| ICICI Prudential Value Discovery Fund | 0.76 | 0.83 | 0.86 |
| JM Value Fund | 0.88 | 1.00 | 1.07 |
Analysis:
- 3-Year Period: ICICI has a lower beta of 0.76, indicating lower volatility than JM’s 0.88.
- 5-Year Period: ICICI continues to show lower volatility with a beta of 0.83, while JM has 1.00.
- 10-Year Period: ICICI remains more stable with a beta of 0.86, compared to JM’s 1.07.
Key Takeaways:
- ICICI Prudential Value Discovery Fund exhibits lower market-related volatility, making it a safer option during market fluctuations.
- JM Value Fund has higher market-related volatility, which could mean higher potential returns and risk.
Alpha
Alpha measures the excess Return of the fund compared to the market.
| Category | Alpha (%) 3Y | Alpha (%) 5Y | Alpha (%) 10Y |
| ICICI Prudential Value Discovery Fund | 9.1 | 6.05 | 4.4 |
| JM Value Fund | 10.62 | 5.71 | 4.25 |
Analysis:
- 3-Year Period: JM Value Fund has a higher alpha of 10.62 compared to ICICI’s 9.1.
- 5-Year Period: ICICI has a slightly higher alpha at 6.05, compared to JM’s 5.71.
- 10-Year Period: ICICI leads with an alpha of 4.4, while JM follows with 4.25.
Key Takeaways:
- JM Value Fund shows higher excess returns over 3 years.
- ICICI Prudential Value Discovery Fund provides better excess returns over 5 and 10 years.
Ratings
Ratings from various agencies provide an additional layer of evaluation for the funds.
Ratings
| Rating Agency | ICICI Prudential Value Discovery Fund | JM Value Fund |
| CRISIL (31st Mar 2024) | 4 | 5 |
| CRISIL (31st Dec 2023) | 3 | 5 |
| CRISIL (30th Sep 2023) | 4 | 5 |
| CRISIL (30th Jun 2023) | 4 | 4 |
| CRISIL (31st Mar 2023) | 4 | 3 |
| Value Research Ratings | 5 | 4 |
| Morning Star Ratings | 5 | 5 |
Analysis:
- CRISIL Ratings: JM Value Fund consistently scores higher, indicating better performance.
- Value Research Ratings: ICICI scores higher with a 5 than JM’s 4.
- Morning Star Ratings: Both funds score equally well, rating 5.
Key Takeaways:
- JM Value Fund is highly rated by CRISIL, reflecting strong performance.
- ICICI Prudential Value Discovery Fund has strong Value Research and Morning Star ratings, indicating consistent performance.
Portfolio Analysis
Understanding the portfolio composition is essential to grasp the fund’s investment strategy and risk exposure.
Portfolio Overlapping Comparison
| Category | ICICI Prudential Value Discovery Fund | JM Value Fund |
| Portfolio Overlap Total (%) | 37.31 | 31.91 |
Analysis:
- The portfolio overlap indicates how much the funds share joint investments. A higher overlap suggests similar investment strategies.
Key Takeaways:
- ICICI Prudential Value Discovery Fund has a slightly higher portfolio overlap, suggesting a more diversified approach.
- JM Value Fund has a lower overlap, indicating a distinct investment strategy.
Portfolio Comparison
| Category | ICICI Prudential Value Discovery Fund | JM Value Fund |
| Equity (%) | 89.76 | 98.64 |
| Debt (%) | 0.88 | 0.00 |
| Cash & Cash Equivalents (%) | 9.37 | 1.36 |
Analysis:
- Equity Exposure: JM Value Fund has a higher equity exposure at 98.64% compared to ICICI’s 89.76%.
- Debt Exposure: ICICI includes a small portion of debt at 0.88%, while JM has none.
- Cash & Cash Equivalents: ICICI holds a higher percentage in cash and cash equivalents at 9.37% compared to JM’s 1.36%.
Key Takeaways:
- JM Value Fund is more aggressively invested in equities.
- ICICI Prudential Value Discovery Fund maintains a more balanced approach with some allocation to debt and cash.
Market Cap Allocation
| Category | ICICI Prudential Value Discovery Fund | JM Value Fund |
| No of Stocks | 71 | 59 |
| Large Cap (%) | 62.43 | 28.08 |
| Mid Cap (%) | 7.62 | 15.27 |
| Small Cap (%) | 2.96 | 35.31 |
| Others (%) | 18.93 | 20.01 |
Analysis:
- Number of Stocks: ICICI holds more stocks (71) than JM (59).
- Extensive Cap Exposure: ICICI has a higher large-cap allocation at 62.43% versus JM’s 28.08%.
- Mid-Cap Exposure: JM has a higher mid-cap allocation at 15.27% compared to ICICI’s 7.62%.
- Small Cap Exposure: JM has a significantly higher small cap allocation at 35.31% compared to ICICI’s 2.96%.
Key Takeaways:
- ICICI Prudential Value Discovery Fund focuses more on large-cap stocks, offering stability.
- JM Value Fund has a higher allocation to small and mid-cap stocks, providing higher growth potential but with increased risk.
Sector Allocation
| Category | ICICI Prudential Value Discovery Fund | JM Value Fund |
| Financial | 28.68% | 19.14% |
| Energy & Utilities | 15.89% | 5.29% |
| Technology | 14.37% | 5.46% |
| Healthcare | 11.55% | 6.30% |
| Consumer Staples | 8.41% | 4.28% |
| Consumer Discretionary | 5.42% | 22.16% |
| Materials | 3.09% | 10.02% |
| Industrials | 2.35% | 23.96% |
| Real Estate | NA | 2.03% |
Analysis:
- Financial Sector: ICICI has a higher allocation to financials at 28.68% compared to JM’s 19.14%.
- Energy & Utilities: ICICI leads with 15.89% allocation, while JM has 5.29%.
- Technology: ICICI holds more in technology at 14.37%, compared to JM’s 5.46%.
- Healthcare: ICICI has a higher allocation at 11.55% versus JM’s 6.30%.
- Consumer Discretionary: JM leads significantly with 22.16% compared to ICICI’s 5.42%.
- Industrials: JM has a much higher allocation at 23.96% compared to ICICI’s 2.35%.
Key Takeaways:
- ICICI Prudential Value Discovery Fund is more diversified across sectors with significant financial, energy, and technology investments.
- JM Value Fund has higher exposure to consumer discretionary and industrials, indicating a focus on growth sectors.
Fund Management Comparison
| Fund | Fund Manager | No. of Months |
| JM Value Fund | Asit Bhandarkar | 210 |
| Satish Ramanathan | 33 | |
| Gurvinder Singh Wasan | 18 | |
| ICICI Prudential Value Discovery Fund | Sankaran Naren | 41 |
| Dharmesh Kakkad | 41 | |
| Sharmila D’mello | 22 |
Analysis:
- Experience: Asit Bhandarkar of JM Value Fund has significantly more experience, with 210 months, than ICICI’s fund managers.
- Team: JM Value Fund has a diversified management team with multiple experienced managers.
Key Takeaways:
- JM Value Fund benefits from a highly experienced lead fund manager.
- ICICI Prudential Value Discovery Fund has a solid management team with considerable experience.
Other Important General Details
| Category | ICICI Prudential Value Discovery Fund | JM Value Fund |
| NAV | 436.89 | 101.51 |
| AUM (in Cr.) | 42664 | 665 |
| Expense Ratio (%) | 1.03 | 1.02 |
| Turnover | 59.00% | 87% |
| Benchmark | NIFTY 500 – TRI | S&P BSE 500 – TRI |
Analysis:
- NAV: ICICI has a higher NAV at 436.89 than JM’s 101.51.
- AUM: ICICI has a significantly larger AUM at ₹42,664 crore compared to JM’s ₹665 crore.
- Expense Ratio: Both funds have similar expense ratios, around 1.02-1.03%.
- Turnover: JM has a higher portfolio turnover at 87%, indicating more active management than ICICI’s 59%.
Key Takeaways:
- ICICI Prudential Value Discovery Fund has a more extensive asset base and higher NAV.
- JM Value Fund shows more active management with a higher turnover rate.
Minimum Investment Amount
| Category | SIP | Lumpsum |
| ICICI Prudential Value Discovery Fund | ₹100 | ₹1,000 |
| JM Value Fund | ₹100 | ₹1,000 |
Analysis:
- Both funds require a minimum SIP investment of ₹100 and a lumpsum investment of ₹1,000.
Key Takeaways:
- Both funds are accessible to small investors due to low minimum investment requirements.
Conclusion
ICICI Prudential Value Discovery Fund and JM Value Fund have their strengths depending on your investment strategy and risk tolerance. JM Value Fund outperforms in terms of higher returns, CAGR, and quarterly results, making it an ideal choice for investors seeking aggressive growth and higher returns despite the associated higher risk and volatility.
Conversely, ICICI Prudential Value Discovery Fund offers more consistent performance, lower volatility, and better risk-adjusted returns, making it a safer option for risk-averse mutual fund investors seeking stable growth. Therefore, the JM Value Fund is better suited if your priority is higher returns and you can withstand higher volatility. However, if you prefer lower risk and consistent performance, ICICI Prudential Value Discovery Fund is the better choice.
Loading ...FAQs: ICICI Prudential Value Discovery Fund vs JM Value Fund
What are the primary investment styles of ICICI Prudential Value Discovery Fund and JM Value Fund?
The ICICI Prudential Value Discovery Fund focuses on a growth strategy, aiming for long-term capital appreciation by investing in undervalued companies with high growth potential. In contrast, the JM Value Fund follows a blended approach, balancing between growth and value stocks to provide steady returns.
Which fund has delivered better SIP returns over different periods?
The JM Value Fund consistently delivers higher SIP returns across various periods. For example, over 1 year, it returns 54.64% compared to ICICI’s 36.06%; over 10 years, it returns 21.49% compared to ICICI’s 19.15%.
How do the SIP investment values compare between these two funds?
The JM Value Fund provides greater absolute investment values over time. For instance, a 10-year SIP of ₹120,000 in JM Value Fund grows to ₹373,313.03. In contrast, the same investment in ICICI Prudential Value Discovery Fund grows to ₹328,905.92.
Which fund has a higher Compound Annual Growth Rate (CAGR)?
The JM Value Fund shows a higher CAGR across all periods analyzed. For example, over 1 year, it has a CAGR of 66.55% compared to ICICI’s 42.90%, and over 9 years, it achieves 17.92% compared to ICICI’s 15.28%.
How do the rolling returns compare between the two funds?
The rolling returns for both funds are pretty close, but the JM Value Fund generally maintains a slight edge. For instance, over 3 years, JM returns 18.23% compared to ICICI’s 17.93%.
Which fund is more consistent in its annualized/calendar year returns?
The ICICI Prudential Value Discovery Fund shows more consistent performance with fewer years of negative returns. It has outperformed the JM Value Fund in 6 out of the 10 years analyzed.
Which fund has a lower maximum drawdown?
The ICICI Prudential Value Discovery Fund has a lower maximum drawdown, indicating it might be a safer bet during market downturns. For the 3 years, ICICI’s drawdown is -5.84% compared to JM’s -12.35%.
How do the funds compare in terms of quarterly performance?
JM Value Fund tends to outperform more frequently every quarter. For instance, in Q1 2024, ICICI achieved 8.07% compared to JM’s 5.17%, but JM outperformed in more quarters.
Which fund offers better risk-adjusted returns?
he ICICI Prudential Value Discovery Fund provides better risk-adjusted returns across all periods. It has higher Sharpe and Sortino ratios than the JM Value Fund.
How do the funds compare regarding volatility (beta)?
The ICICI Prudential Value Discovery Fund exhibits lower market-related volatility, making it a safer option during market fluctuations. For instance, its 10-year beta is 0.86 compared to JM’s 1.07.
Which fund has a higher alpha?
JM Value Fund shows higher excess returns over the 3 years with an alpha of 10.62 compared to ICICI’s 9.1. However, ICICI leads over the 5 and 10-year periods.
What are the ratings for these funds?
JM Value Fund is highly rated by CRISIL. ICICI Prudential Value Discovery Fund has strong ratings from Value Research and Morning Star. Both funds have their strengths reflected in different ratings.
How do the portfolio compositions of these funds differ?
JM Value Fund is more aggressively invested in equities with higher exposure to small and mid-cap stocks. ICICI Prudential Value Discovery Fund maintains a more balanced approach with some allocation to debt and cash, focusing more on large-cap stocks.
What sectors do these funds invest in?
ICICI Prudential Value Discovery Fund is more diversified across sectors, with significant investments in financials, energy, and technology. JM Value Fund has higher exposure to consumer discretionary and industrials, indicating a focus on growth sectors.
Who manages these funds, and what is their experience?
The JM Value Fund is managed by Asit Bhandarkar, Satish Ramanathan, and Gurvinder Singh Wasan, with Bhandarkar having 210 months of experience. The ICICI Prudential Value Discovery Fund is managed by Sankaran Naren, Dharmesh Kakkad, and Sharmila D’mello, with Naren and Kakkad having 41 months of experience each.
What are the NAV and AUM for these funds?
The ICICI Prudential Value Discovery Fund has a higher NAV at 436.89 and a significantly larger AUM at ₹42,664 crore compared to JM’s NAV of 101.51 and AUM of ₹665 crore.
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