ICICI Prudential Value Fund
Direct · GrowthAI Summary
ICICI Prudential Value Fund has delivered strong SIP XIRR across horizons, with 17.70% over 3Y, 17.35% over 5Y, and 18.63% over 10Y, consistently beating category averages of 17.43%, 16.74%, and 16.65% respectively. Against the NIFTY50 VALUE 20 benchmark, the fund shows substantial alpha of 7.84% over 3Y and 9.39% over 5Y, with lump-sum CAGRs of 13.97% and 16.0% versus the benchmark's 6.01% and 6.65%. However, the 1Y XIRR of 22.49% trails the category average of 17.71% only marginally ahead, and 2026 has started weakly at -7.05%.
The fund exhibits a defensive risk profile with beta between 0.73 and 0.87 across periods and downside capture consistently around 66-72%, meaning it falls significantly less than the benchmark in weak markets. Six drawdown events exceeding 10% have occurred, with the maximum drawdown lasting 563 days and taking 227 days to recover, which is a meaningful recovery lag for investors. Calmar ratios between 0.45 and 0.59 across horizons indicate reasonable risk-adjusted returns given the fund's strong alpha generation.
The portfolio is anchored in large-cap quality names, with ICICI Bank (9.77%) and HDFC Bank (9.04%) together accounting for nearly 19% of NAV, followed by Reliance Industries (5.14%) and ITC (4.52%). Banks dominate sector allocation at 26.1%, followed by Pharmaceuticals (9.1%), IT (7.8%), Insurance (7.7%), and Automobiles (7.5%). With 63 total holdings, the fund is reasonably diversified, though the heavy financial sector tilt creates concentration risk.
The fund has outperformed its category on SIP XIRR across every measured horizon, with the widest gaps at 10Y (18.63% vs 16.65%) and 12Y (18.08% vs 16.44%). Its consistent positive alpha over 3Y, 5Y, 7Y, and 15Y periods, ranging from 5.49% to 9.39%, demonstrates sustained stock-selection skill rather than a single lucky period. Calendar year returns show strong consistency, with only two negative years (2018 and 2026 YTD) in the last fourteen.
This fund suits investors seeking value-oriented large-cap exposure with lower downside risk, ideally with a horizon of 5 years or more to ride out drawdowns like the 563-day maximum drawdown period. It is appropriate for moderate-risk investors who want equity growth but are uncomfortable with high volatility, given the fund's sub-1 beta and strong downside capture. SIP investors in particular benefit from the fund's consistent outperformance versus both category and benchmark over long horizons.
- Consistent alpha generation versus the NIFTY50 VALUE 20 benchmark, including 9.39% alpha over 5Y and 7.84% over 3Y
- Superior downside capture of 66.71% to 72.12% across periods, cushioning losses in market declines
- SIP XIRR above category averages at every horizon from 1Y through 12Y, with a 10Y XIRR of 18.63% versus the category's 16.65%
- Heavy sector concentration in Banks at 26.1% of the portfolio, with the top two holdings alone comprising nearly 19% of NAV
- Six drawdown events exceeding 10% and a maximum drawdown recovery period of 227 days, indicating prolonged recovery times during corrections
Generated on 02-09-2026, 2:58 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.89 L | 22.5% | -54.7% | 125.4% |
| 3 Years | ₹36.00 L | ₹47.59 L | 17.7% | -22.6% | 39.3% |
| 5 Years | ₹60.00 L | ₹95.70 L | 17.3% | -10.5% | 33.4% |
| 7 Years | ₹84.00 L | ₹1.58 Cr | 17.7% | -1.1% | 27.1% |
| 10 Years | ₹1.20 Cr | ₹3.21 Cr | 18.6% | 16.1% | 21.7% |
| 12 Years | ₹1.44 Cr | ₹4.70 Cr | 18.1% | 15.6% | 20.2% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY50 VALUE 20 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 22.5% | 15.2% | 17.7% | +7.3% |
| 3 Years | 17.7% | 13.1% | 17.4% | +4.6% |
| 5 Years | 17.3% | 13.7% | 16.7% | +3.6% |
| 7 Years | 17.7% | 13.4% | 16.1% | +4.4% |
| 10 Years | 18.6% | 13.7% | 16.6% | +4.9% |
| 12 Years | 18.1% | 14.2% | 16.4% | +3.9% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 21.8% | 13.8% | -32.4% | 104.7% | 0.61 | 2.79 | 88% | — | — |
| 3 Years | 18.4% | 20.5% | -8.7% | 41.7% | 1.25 | 6.53 | 98% | — | — |
| 5 Years | 17.4% | 16.7% | -2.4% | 35.9% | 1.51 | 11.19 | 99% | — | — |
| 10 Years | 17.7% | 17.6% | 14.1% | 21.7% | 5.56 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY50 VALUE 20
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +2.66 | 0.87 | 86.1% | 81.1% | -1.3% | -5.5% |
| 3 Years | +7.84 | 0.77 | 82.0% | 70.5% | 14.0% | 6.0% |
| 5 Years | +9.39 | 0.73 | 79.1% | 66.7% | 16.0% | 6.7% |
| 7 Years | +8.46 | 0.80 | 81.9% | 71.7% | 19.8% | 12.5% |
| 10 Years | +3.86 | 0.78 | 78.3% | 72.1% | 14.8% | 12.1% |
| 12 Years | +5.49 | 0.78 | 79.5% | 71.8% | 14.9% | 10.2% |
| 15 Years | +5.88 | 0.77 | 79.1% | 70.4% | 15.5% | 10.5% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | ICICI Bank Ltd. | 9.77% |
| 2 | HDFC Bank Ltd. | 9.04% |
| 3 | Reliance Industries Ltd. | 5.14% |
| 4 | ITC Ltd. | 4.52% |
| 5 | Sun Pharmaceutical Industries Ltd. | 4.49% |
| 6 | Infosys Ltd. | 4.46% |
| 7 | Maruti Suzuki India Ltd. | 3.53% |
| 8 | Hindustan Unilever Ltd. | 2.81% |
| 9 | Tata Consultancy Services Ltd. | 2.79% |
| 10 | Axis Bank Ltd. | 2.76% |