Ranchi : ICICI Prudential Asset Management Company announced the launch of
ICICI Prudential Value Fund Series 3, a closed ended equity fund that focuses on investing in
stocks that trade at a discount to their true value.
The fund will be a third in a series of 3 from the theme of ‘value investing’. The stocks picked for the funds will be identified through the process of fundamental analysis.
The fund aims at adopting the ‘value investing’ approach where low priced stocks with justifiable higher fundamentals are identified and invested in with the aim of long – term capital appreciation.