Rs 1 Lakh Turns Into Rs 46.6 Lakh: ICICI Prudential Value Fund Completes 22 Years; Delivers 19.11% CAGR Since Inception

ICICI Prudential Value Fund has completed 22 years since its launch on August 16, 2004. The open-ended equity scheme follows a value investment strategy focused on identifying companies trading below their intrinsic value across market capitalisations and sectors. As of July 31, 2026, the scheme had assets under management of Rs 61,102.29 crore, making it the largest actively managed value-oriented Equity Fund in the Indian Mutual Fund industry by AUM and accounting for nearly 28 per cent of the total AUM in the value category.

Rs 1 Lakh Investment Grows to Rs 46.6 Lakh

According to the press release, a lump-sum investment of Rs 1 lakh made at the fund's inception would have grown to approximately Rs 46.6 lakh as of July 31, 2026, representing a compound annual growth rate (CAGR) of 19.11 per cent. Over the same period, a comparable investment in the Nifty 50 TRI would have grown to approximately Rs 20.1 lakh, with a CAGR of 14.63 per cent.

Over three years, the scheme delivered a CAGR of 13.44 per cent, compared with 12.29 per cent for the Nifty 500 TRI. Over five years, the scheme delivered a CAGR of 16.05 per cent, compared with 11.85 per cent for the benchmark.

SIP Investment Performance

The scheme's SIP performance has also been highlighted in the release. A monthly SIP of Rs 10,000 since inception, involving a total investment of Rs 26.4 lakh, would have grown to approximately Rs 2.37 crore as of July 31, 2026, delivering a CAGR of 17.04 per cent. A similar investment in the Nifty 50 TRI would have generated a CAGR of 12.30 per cent.

Portfolio and Sector Allocation

As of July 31, 2026, equity holdings accounted for 93.31 per cent of the scheme's net assets. Financial Services was the largest sector exposure at 38.10 per cent, followed by Healthcare at 9.08 per cent, Fast Moving Consumer Goods at 9.00 per cent, Information Technology at 7.84 per cent and Automobiles & Auto Components at 7.53 per cent.

The scheme is jointly managed by Sankaran Naren, Dharmesh Kakkad and Masoomi Jhurmarvala. The fund management approach is described as flexible and without a market-cap bias, with investment decisions based on where the fund managers identify value in the market.
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Risk-Adjusted Performance

On a risk-adjusted basis, the scheme had an annualised standard deviation of 12.72 per cent, a Sharpe ratio of 0.63 and a beta of 0.79 relative to its benchmark. The portfolio turnover ratio for the equity portion stood at 0.80 times.

The press release also notes that the scheme's benchmark was revised from Nifty 500 Value 50 TRI to Nifty 500 TRI with effect from January 1, 2022. Since the scheme was launched before the launch of the benchmark index, comparable benchmark figures since inception are not available.

Value Investment Strategy

The fund's value-oriented approach focuses on identifying stocks that are trading at attractive valuations relative to their intrinsic value. According to Sankaran Naren, ED & CIO of ICICI Prudential AMC, value investing works over the long term because investment decisions based on valuation can take time to deliver. The fund management approach remains flexible across market capitalisations, with the portfolio currently having a Large-Cap tilt based on where the fund managers find value.

The scheme's performance figures are based on the Regular Plan, and the fund's riskometer is classified as Very High as of July 31, 2026. The document also states that past performance may or may not be sustained in the future.

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Disclaimer: The article is for informational purposes only and not investment advice.