ICICI Prudential Mutual Fund announced the merger of its closed-ended scheme- ICICI Prudential Value Fund Series 19 into the ICICI Prudential Value Discovery fund, it’s flagship value scheme. Both these schemes are value funds and managed by S Naren.
The closed-ended scheme which was launched in 2018 was scheduled to mature on June 24. In three years, the scheme has offered 13.57% vs 11.74% offered by the benchmark. On the other, ICICI