ICICI Prudential Discovery

[gourimaya]

Hi Friends,

There are 2 funds with this name:

1. ICICI Prudential Discovery Inst I
2. ICICI Prudential Discovery

What is the difference ?

Thanks & Regards,
Gouri

 

[Taurus1]

1. ICICI Prudential Discovery Inst I
http://www.valueresearchonline.com/funds/newsnapshot.asp?schemecode=3278

2. ICICI Prudential Discovery
http://www.valueresearchonline.com/funds/newsnapshot.asp?schemecode=2310

 

[drsambu123]

Hi Friends,

There are 2 funds with this name:

1. ICICI Prudential Discovery Inst I
2. ICICI Prudential Discovery

What is the difference ?

Thanks & Regards,
Gouri

Minimum investment amount is very high for inst. fund

 

[gourimaya]

Hi Friends,

Thanks for your replies. Still not completely clear.
Portfolio of both funds look the same. Then how the returns are different ?

 

[2021]

Funds with Inst are for big investors who can invest minimum of 1 crore and maximum upto 10 crores. Institute only funds attract no to very less exit load. Whereas if a fund has Retail word or don't mention anything are for you and me, a comman Indian who can invest from 5000 (in some cases 500, 1000 and 2000) upto 1 crore. If you want to apply in mutual fund say 1 crore 1 lacs, you have to become High Networth Investor by fulfilling income tax procedures for HNIs and your investment will be treated as Institutional investment.

 

[Waipboami]

Apparatus Vizulon , kaufen, Tipps 7 915-266-99-03 , 903-960-18-38 7

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[gourimaya]

Hi 2021,

Thanks for your detailed reply.
Is it the exit load which makes the difference in Returns ?

 

[2021]

Hi 2021,

Thanks for your detailed reply.
Is it the exit load which makes the difference in Returns ?

you have to understand basic of mutual fund for knowing this logic. and that is a nav shows appriciation or depriciation of stock price i.e. if nav goes up that means price of most of the stocks in fund gone up that trading day. if nav goes down it means stocks price for that fund's most holdings went down.

now knowing this lets go back to insti or regular funds. an insti fund has very less amount to invest in compare to regular funds. in your case insti plan has 20 crore in fund means about 20 people only investing that too on a particular day fund house declares it's secrets like net asets, what they bought or sold in past month and how's new portfolio looks like. for regular plan the same fund has 1800 crores.

now adding nav's basic with funds available you can make out if a fund manager has less money returns will be less and therefore navs will be less. lets assume you have rs 20 and you friend has rs 1800. who will make more money? no rocket science needed to know your friend will. so if fund manager has 1800 crores he/she can buy more, sell more and do more. with a limited amount and regular withdrawls an institute fund don't make enough profits. add to it no exit load, if i put 10000000 today in this fund and it gives me 0.5% returns next day i'll take that 0.5% profit and redeem all units. my small 0.5% return would be 50000! hence navs are lower in institute funds in compare to regular plan.