Should I continue with ICICI Pru Value Discovery Fund?

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I have an SIP in ICICI Prudential Dynamic Plan since 2009. Now, with the change in fund structure, I have switched to ICICI Prudential Value Discovery Fund. My SIP has ended. Should I continue with SIP in Value Discovery Fund? My time horizon is 10 years. I have SIPs in IDFC PE and Mirae Asset EBF , too.
--Krupa Krishnan


ICICI Prudential Dynamic Plan used to be a multicap scheme. It is now re-categorised as multi-asset plan or a scheme that will invest in multiple assets like equity, debt, gold, etc. ICICI Prudential Value Discovery Fund is a scheme that follows value investing strategy. Value schemes try to pick undervalued stocks and hold them to realise their full potential. These schemes can underperform in a bull market, but they may offer downside protection in a falling market. If the philosophy appeals to you, you may stay with the scheme.

We typically ask investors to choose their mutual fund schemes that are in line with their goals, time horizon, risk profile. You also should identify your various financial goals and find out the time needed to achieve them. Then choose mutual fund schemes that matches your investment objective and risk profile.

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