ICICI Prudential Value Fund (erstwhile Value Discovery Fund)
Direct Plan · IDCW · Value / Contra · Scheme code 120322
NAV₹110.8900as on 25 Sep 2026
Fund houseICICI Prudential Mutual Fund
CategoryValue / Contra
Plan & optionDirect · IDCW
History13.7 years
Returns (%)
1M
3M
6M
1Y
3Y
5Y
7Y
10Y
Launch
This scheme
-4.04
-3.72
-3.13
-9.34
6.76
9.20
13.51
8.87
12.41
Nifty 500 benchmark
0.87
4.31
2.15
5.20
12.49
11.41
—
—
15.49
Value / Contra category median
—
—
—
0.71
12.88
12.62
—
14.22
—
Over a year annualised (CAGR), under a year absolute. Computed from AMFI's published
NAV history for this scheme.
Risk
Volatility
Sharpe
Sortino
Beta
Alpha
Max fall
R²
This scheme
14.9%
0.02
0.02
0.88
0.15%
-47.1%
82.79
Nifty 500 benchmark
17.2%
0.35
0.47
—
—
-37.3%
—
Risk-free rate 6.5%. Beta, alpha and R² are regressed on the
83 months this scheme and its benchmark share.
Growth of ₹100 since launch
Drawdown from peak (%)
Every one-year period it has lived through
Windows
Worst
Median
Best
Periods that lost money
625
-36.0%
10.6%
100.7%
25%
Every one-year holding period in this scheme's history, not just the last one — the
spread a real investor would have met depending only on when they started.
How it behaves against its benchmark
Up capture
Down capture
Correlation
Tracking error
Information ratio
Treynor
82%
69%
0.91
7.6%
-0.12
8.67
Up capture is how much of the benchmark's gain this scheme kept in the months the
benchmark rose; down capture, how much of its fall it took. Below 100 on the down side and above it
on the up side is the combination every fund is trying for and few reach.
Measured over the 83 months this scheme and
Nifty 500 share.
ICICI Prudential Value Fund (erstwhile Value Discovery Fund)
Direct Plan · IDCW
Allocation
By asset
Equity
96.64%
Cash & Equivalents
2.69%
Debt
0.68%
By market cap
Large Cap
83.07%
Mid Cap
5.81%
Small Cap
7.60%
Unclassified
0.84%
Concentration
Number of stocks
63
Top 5 stocks
33.66%
Top 10 stocks
51.60%
Top 20 stocks
72.05%
Lines in the filing
66
Largest holding
9.40%
Largest sector
Banks 25.69%
Effective stocks
26.3
Sectors held
26
Cash
2.69%
Effective stocks is what the concentration works out to: a fund holding
63 names but most of its money in a few
behaves like a fund of 26. Cash includes repo and TREPS, which
every fund parks money in overnight.
Sector split
Banks
25.69%
Insurance
11.93%
Pharmaceuticals & Biotechnology
8.49%
It - Software
8.01%
Diversified Fmcg
6.86%
Automobiles
6.61%
Petroleum Products
5.28%
Finance
2.97%
Cash & Equivalents
2.69%
Telecom - Services
2.45%
Consumer Durables
2.40%
Cement & Cement Products
2.30%
Power
2.02%
Construction
1.83%
Oil
1.55%
Agricultural, Commercial & Construction Vehicles
1.53%
Auto Components
1.51%
Ferrous Metals
1.22%
Agricultural Food & Other Products
0.88%
Personal Products
0.82%
ICICI Prudential Value Fund (erstwhile Value Discovery Fund)
Direct Plan · IDCW · holdings
Top 30 holdings
#
Company
Sector
Shares held
Value ₹ cr
% of fund
1
ICICI Bank Ltd.
Banks
38,848,273
5,649
9.40%
2
HDFC Bank Ltd.
Banks
73,851,397
5,236
8.72%
3
Life Insurance Corporation of India
Insurance
84,585,693
3,536
5.89%
4
Reliance Industries Ltd.
Petroleum Products
24,007,674
3,066
5.10%
5
Sun Pharmaceutical Industries Ltd.
Pharmaceuticals & Biotechnology
13,769,894
2,733
4.55%
6
Infosys Ltd.
It - Software
23,906,059
2,710
4.51%
7
ITC Ltd.
Diversified Fmcg
98,371,855
2,513
4.18%
8
Maruti Suzuki India Ltd.
Automobiles
1,513,196
2,050
3.41%
9
Axis Bank Ltd.
Banks
13,691,763
1,780
2.96%
10
Tata Consultancy Services Ltd.
It - Software
7,201,306
1,728
2.88%
11
Hindustan Unilever Ltd.
Diversified Fmcg
8,158,332
1,605
2.67%
12
Bharti Airtel Ltd.
Telecom - Services
8,137,951
1,475
2.45%
13
SBI Life Insurance Company Ltd.
Insurance
7,786,134
1,355
2.26%
14
State Bank Of India
Banks
12,032,150
1,275
2.12%
15
NTPC Ltd.
Power
37,079,641
1,214
2.02%
16
HDFC Life Insurance Company Ltd.
Insurance
21,764,996
1,183
1.97%
17
TREPS
Unclassified
—
1,109
1.85%
18
Larsen & Toubro Ltd.
Construction
2,713,843
1,098
1.83%
19
Dr. Reddy's Laboratories Ltd.
Pharmaceuticals & Biotechnology
9,347,343
1,079
1.80%
20
Kotak Mahindra Bank Ltd.
Banks
24,550,811
1,030
1.71%
21
Bajaj Finserv Ltd.
Finance
4,810,537
972
1.62%
22
Oil & Natural Gas Corporation Ltd.
Oil
40,116,058
930
1.55%
23
Tata Motors Ltd.
Agricultural, Commercial & Construction Vehicles
19,449,005
916
1.53%
24
Apollo Tyres Ltd.
Auto Components
20,610,000
905
1.51%
25
Hyundai Motor India Ltd.
Automobiles
3,936,330
868
1.44%
26
Ultratech Cement Ltd.
Cement & Cement Products
748,064
857
1.43%
27
Asian Paints Ltd.
Consumer Durables
3,017,612
801
1.33%
28
Cipla Ltd.
Pharmaceuticals & Biotechnology
5,549,373
782
1.30%
29
Tata Steel Ltd.
Ferrous Metals
39,667,950
731
1.22%
30
Tata Motors Passenger Vehicles Ltd.
Automobiles
22,396,957
692
1.15%
ICICI Prudential Value Fund (erstwhile Value Discovery Fund)
Direct Plan · IDCW · where the money sits
What the manager did last month
Between the filings of 31 Jul 2026 and 31 Aug 2026.
A position grows because the manager bought or because the price rose; only the share count separates them.
Bought
Sold
New positions
Sold out of
Price move of holdings
₹2,875 cr
₹1,459 cr
2
6
-1.74%
Stock
Shares traded
Shares
Price
Value ₹ cr
New position
Apollo Tyres Ltd.
20,610,000
entered
—
905
Coal India Ltd.
11,461,111
entered
—
460
Added to
Life Insurance Corporation of India
66,302,335
+362.6%
-1.6%
2,771
Godrej Consumer Products Ltd.
737,365
+22.2%
-15.8%
66.5
Tata Steel Ltd.
1,067,373
+2.8%
-2.8%
19.7
SBI Funds Management Ltd.
300,000
+45.9%
-2.0%
17.3
Trimmed
ICICI Bank Ltd.
2,752,648
-6.6%
+1.3%
400
Hyundai Motor India Ltd.
1,382,894
-26.0%
+1.1%
305
Hero Motocorp Ltd.
319,331
-32.6%
+1.2%
174
Kotak Mahindra Bank Ltd.
3,517,341
-12.5%
+7.5%
148
Tata Motors Ltd.
3,009,840
-13.4%
+7.9%
142
Canara HSBC Life Insurance Co Ltd
8,916,543
-83.6%
+6.6%
139
Bharat Petroleum Corporation Ltd.
1,975,000
-37.6%
+1.3%
64.0
Infosys Ltd.
232,313
-1.0%
+0.3%
26.3
Sold out of
Pfizer Ltd.
771,733
exited
—
372
Container Corporation Of India Ltd.
2,865,849
exited
—
151
Atul Ltd.
124,657
exited
—
84.0
Bata India Ltd.
1,084,065
exited
—
75.5
Vinati Organics Ltd.
238,161
exited
—
31.1
Jindal Stainless Ltd.
8,290
exited
—
0.6
Not equity
Previous filing
This filing
Change
Cash, repo and TREPS
₹0 cr
₹0 cr
+₹0 cr
Debt: bills, CDs and commercial paper
₹1,205 cr
₹408 cr
−₹797 cr
The list above is stocks and fund units. Treasury bills, repo and money-market
lines roll over every month by design — they are not decisions, so they are totalled here rather
than listed as activity.
A ₹10,000 monthly SIP over five years
Invested
Value
Gain
XIRR
₹600,000
₹704,706
₹104,706
6.37%
XIRR, not CAGR — a SIP's money arrives over sixty months, so each instalment has
been invested for a different length of time.
Not investment advice. InvestVerdict is not a SEBI-registered Investment Adviser or Research Analyst. Every figure is computed from AMFI's published NAV history and the
portfolio the AMC filed with AMFI; none of it is a recommendation to buy, hold or sell. Past
returns do not predict future ones. Generated 27 Sep 2026.
