Press Release
₹1 lakh invested at inception has grown to approximately ₹46.6 lakh, as compared to approximately ₹20.1 lakh in the Nifty 50 TRI*
Mumbai, August 19, 2026: ICICI Prudential Value Fund, an open ended equity scheme following a value investment strategy, completed 22 years since its launch. The scheme is the largest actively managed value-oriented equity fund in the Indian mutual fund industry in terms of assets under management (AUM) at Rs. 61,102.29 crs and accounts for nearly 28% of the total AUM in the value category. This indicates reasonable investor trust of value investors in the scheme. Data as of July 31, 2026. Source: AMFI. For details on AUM - Click here.
Launched on August 16, 2004, the fund seeks long-term capital appreciation by identifying companies trading below their intrinsic value across market capitalizations and sectors. Over more than two decades, the strategy has been tested through several distinct market cycles, including periods of sharp drawdown and recovery, and has continued to follow a diversified, value-oriented approach to stock selection.
A lump-sum investment of ₹1 lakh made at inception would, as at July 31, 2026, have grown to approximately ₹46.6 lakh, a compound annual growth rate (CAGR) of 19.11%. A comparable investment in the Nifty 50 TRI would have grown to approximately ₹20.1 lakh, a CAGR of 14.63%, over the same period.
* As the scheme was launched before the launch of the Nifty 500 TRI, figures since inception is not available.
Over shorter timeframes such as three and five years, the scheme has delivered a CAGR of 13.44% and 16.05% as compared to the benchmark's return (Nifty 500 TRI) of 12.29% and 11.85% respectively.
In terms of SIP performance, a monthly investment of ₹10,000 via SIP since inception, amounting to a total investment of ₹26.4 lakhs, would have grown to approximately ₹2.37 cr as at July 31, 2026, a CAGR of 17.04%. A similar investment in the Nifty 50 TRI would have yielded a CAGR of 12.30%.
Past performance may or may not be sustained in future. *Inception date is 16 Aug 2004. **Scheme benchmark is Nifty 500 TRI. The performance of the scheme is benchmarked to the Total Return variant of the Index.
On a risk-adjusted basis, the scheme carried an annualised standard deviation of 12.72%, a Sharpe ratio of 0.63 and a beta of 0.79 relative to its benchmark, with a portfolio turnover ratio of 0.80 times for the equity portion. (Source: Factsheet)
Speaking about value investing and its traits, Mr. Sankaran Naren, ED & CIO, ICICI Prudential AMC said, “Value investing cannot be looked at from a one or two-year perspective as this style of investing works over the long term. This is because the thesis of value investing is about buying stocks that have attractive valuations but are quoting at a discount to their intrinsic value. So, there will always be a lag at which the investment calls taken will deliver. This trend can be seen across various timeframes.”
With regard to the fund management strategy, he further added, “When it comes to managing the scheme, the approach is flexible, without any market cap bias. The investment decision is solely based on where we find value in the market. Large caps can offer better value as compared to mid and small caps, hence, the portfolio has a large cap tilt in the current market environment.” Please note that the asset allocation and investment strategy will be as per the SID.
The scheme is jointly managed by Sankaran Naren, Dharmesh Kakkad and Masoomi Jhurmarvala. The portfolio remains diversified, with equity holdings of 93.31% of net assets as at July 31, 2026. Financial Services is the largest sector exposure at 38.10%, followed by Healthcare (9.08%), Fast Moving Consumer Goods (9.00%), Information Technology (7.84%) and Automobiles & Auto Components (7.53%).
ICICI Prudential Value Fund is suitable for investors seeking long-term wealth creation through a value-oriented equity strategy, and who are comfortable with the volatility associated with equity markets.
-x-
For more information, please contact:
Adil Bakhshi, Head - PR & Corporate Communication
Email: pr@icicipruamc.com
Phone: 91-22-66470274
Riskometer & Disclaimers:
Notes:
1. Different plans shall have different expense structure. The performance details provided herein are of ICICI Prudential Value Fund – Regular Plan.
2. The scheme is currently managed by Sankaran Naren, Dharmesh Kakkad and Masoomi Jhurmarvala. Mr. Sankaran Naren has been managing this fund since Jan 2021. Total Schemes managed by the Fund Manager is 7 (7 are jointly managed).
Mr. Dharmesh Kakkad has been managing this fund since Jan 2021. Total Schemes managed by the Fund Manager is 9 (8 are jointly managed).
Ms. Masoomi Jhurmarvala has been managing this fund since Nov 2024. Total Schemes managed by the Fund Manager is 7 (6 are jointly managed). Refer factsheet for performance of other schemes currently managed by Sankaran Naren, Dharmesh Kakkad and Masoomi Jhurmarvala.
3. Date of inception:16-Aug-04.
4. Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investment.
5. Load is not considered for computation of returns.
6. In case, the start/end date of the concerned period is a nonbusiness date (NBD), the NAV of the previous date is considered for computation of returns. The NAV per unit shown in the table is as on the start date of the said period.
7. The benchmark of this scheme has been revised from Nifty 500 Value 50 TRI to Nifty 500 TRI w.e.f. January 01, 2022.
8. As the scheme was launched before the launch of the benchmark index, benchmark index figures since inception or the required period are not available.
9. For benchmark performance, values of earlier benchmark (Nifty 500 Value 50 TRI) has been used till 31st Dec 2021 and revised benchmark (Nifty 500 TRI) values have been considered thereafter.
10. Investors please note that the name of the scheme has been changed to ICICI Prudential Value Fund with effect from June 16, 2025.
ICICI Prudential Value Fund- An open ended equity scheme following a value investment strategy
Please note that the Risk-o-meter(s) specified above will be evaluated and updated on a monthly basis. The above Riskometers are as on July 31, 2026. Please refer to https://www.icicipruamc.com/media-center/announcements for more details.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
