Well-diversified, superior performance
The SBI Magnum Multiplier Fund had AUM of Rs 1,419 crore at the end of the March quarter
High on the returns axis
Launched in August 2004, ICICI Prudential Value Discovery Fund is classified under the diversified category of CRISIL Mutual Fund Ranking, and has been ranked No. 1 for the past four quarters ended December 2015.The primary objective of the fund is to generate returns through a combination of dividend income and capital appreciation by investing primarily in a well-diversified portfolio of value stocks.The fund, being managed by Mrinal Singh since February 2011, had a quarterly average assets under management (AUM) of Rs 10,664 crore at the end of December 2015 quarter.Superior performanceThe fund has outperformed its benchmark (S&P 500) and category (represented by diversified funds under CRISIL Mutual Fund Ranking), across all timeframes. Although over the past one year, the global economic slowdown has affected its performance, the fund has managed to consistently deliver promising returns over longer timeframes - two, three, five, seven and 10 years. (see chart).After the sub-p