Which AMC manages ICICI Prudential Value Fund (erstwhile Value Discovery Fund)?

ICICI Prudential Value Fund (erstwhile Value Discovery Fund) is managed by ICICI Prudential Mutual Fund, a SEBI-registered Asset Management Company in India.

What category is ICICI Prudential Value Fund (erstwhile Value Discovery Fund)?

ICICI Prudential Value Fund (erstwhile Value Discovery Fund) is classified as a Value/Contra mutual fund under SEBI's mutual fund categorisation framework.

← ICICI Prudential Mutual Fund

ICICI Prudential Value Fund (erstwhile Value Discovery Fund) - Direct Plan - Growth

Q: How often is ICICI Prudential Value Fund (erstwhile Value Discovery Fund) portfolio data updated?

Portfolio holdings for ICICI Prudential Value Fund (erstwhile Value Discovery Fund) are updated monthly. SEBI mandates all AMCs to disclose their complete portfolio within 10 days of each month end. RightAdvise sources this data directly from official AMFI portfolio disclosures.

Value/Contra Data as of Apr 2026 Comparing Mar 2026 → Apr 2026

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Stocks Held

Apr 2026

Equity Holdings

₹55,853.17 Cr

Equity only, excl. debt & cash

Top 5 Weight

34.0%

Moderate

Top 10 Weight

51.3%

Moderate

Changes

20 new · 22 exits

Top Sector

Banks

24.6% of portfolio

📋 What Happened This Month ICICI Prudential Value Fund (erstwhile Value Discovery Fund) made 20 new additions and exited 22 stocks this month. The biggest new buy was Kotak Mahindra Bank Limited (Banks) at 1.49% weight. Max Financial Services Limited was the biggest exit (Insurance), which was held at 1.20%. Among existing holdings, Tata Consultancy Services Limited saw the biggest increase — now at 3.96% of the portfolio. Axis Bank Limited was trimmed the most, now at 2.91%. HDFC Bank Limited remains the top holding with Banks the dominant sector at 24.6%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · ICICI Prudential Value Fund (erstwhile Value Discovery Fund) - Direct Plan - Growth

+0.04%

+3.83%

-6.79%

-1.09%

Latest NAV

₹510.11

24 Jun 2026

52W High

₹551.95

-8% from High

52W Low

₹450.83

+13% from Low

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025

+14.4%

2024

+20.7%

2023

+32.1%

2022

+15.6%

2021

+39.3%

2020

+23.6%

2019

+1.2%

2018

-3.3%

2017

+25.2%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

18.9%

+ve in 89% windows

98.0% / -31.1%

3Y Rolling Avg

18.6% p.a.

+ve in 97% windows

43.0% / -8.0%

5Y Rolling Avg

20.3% p.a.

+ve in 100% windows

36.7% / 11.8%

Crisis Period Behaviour

"Pre-inception" = fund didn't exist during that period.

2024–25 Tariff

-14.0%

Rec: Sep 2025 (9 mo)

COVID-19 Crash

-31.1%

Rec: Jul 2020 (6 mo)

2022 Rate Hike

-12.4%

Rec: Aug 2022 (3 mo)

2018 IL&FS

-11.3%

Rec: Nov 2020 (2yr 11mo)

Risk Ratios

3 years daily NAV · Risk-free rate 6.5% p.a. What do these mean? →

Sharpe Ratio (3Y)

1.05

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

1.53

Penalises downside volatility only.

Std Deviation (3Y)

11.0%

Lower = more consistent returns.

NAV Chart ₹510.11 24 Jun 2026

Simple Moving Avg: Click to draw · click again to remove

ICICI Prudential Value Fund (erstwhile Value Discovery Fund) - Direct Plan - Growth

Chart shows indexed performance (base = 100). Actual NAV: ₹510.11

Sector Shift Industry allocation month-over-month

Earlier shift unavailable

Needs 3 months of holdings data.

Mar 2026 → Apr 2026

Sector	Prev	Curr ▼	Delta
Banks	23.9%	24.6%	▲ +0.7%
IT - Software	6.1%	11.6%	▲ +5.6%
Pharmaceuticals & Biotechnology	9.6%	10.9%	▲ +1.3%
Diversified FMCG	5.4%	8.4%	▲ +3.0%
Insurance	6.7%	6.3%	▼ -0.4%
Automobiles	7.3%	6.0%	▼ -1.3%
Petroleum Products	6.9%	5.4%	▼ -1.5%
Finance	1.3%	3.3%	▲ +2.0%
Consumer Durables	1.4%	2.8%	▲ +1.4%
Power	2.2%	2.5%	▲ +0.3%

🟢

Biggest New Buy

Kotak Mahindra Bank Limited

1.49% weight · Banks

🔴

Biggest Exit

Max Financial Services Limited

1.20% was held · Insurance

↑

Biggest Add

Tata Consultancy Services Limited

+3.17% · now 3.96%

↓

Biggest Trim

Axis Bank Limited

-1.83% · now 2.91%

🤝 Other funds also bought this month

Kotak Mahindra Bank Limited 91 funds

UltraTech Cement Limited 68 funds

Tata Motors Ltd 59 funds

Hyundai Motor India Ltd 40 funds

LG Electronics India Ltd 35 funds

Mphasis Limited 33 funds

👋 Other funds also exited

Vedanta Limited 73 funds

Cummins India Limited 31 funds

Max Financial Services Limited 28 funds

TVS Motor Company Limited 23 funds

Hindalco Industries Limited 21 funds

Coal India Limited 20 funds

What Changed in the Portfolio This Month?

Comparing Mar 2026 → Apr 2026

Mar 2026 → Apr 2026

🟢 20 New Entries 🔴 22 Exits ↑ 21 Increased ↓ 20 Decreased

#	Stock	Sector	Weight (Apr 2026)
1	Kotak Mahindra Bank Limited ₹885.39 Cr	Banks	1.49%
2	Tata Motors Ltd ₹712.03 Cr	Agricultural, Commercial & Construction Vehicles	1.19%
3	Hyundai Motor India Ltd ₹709.47 Cr	Automobiles	1.19%
4	Biocon Limited ₹576.86 Cr	Pharmaceuticals & Biotechnology	0.97%
5	Wipro Limited ₹564.20 Cr	IT - Software	0.95%
6	UltraTech Cement Limited ₹422.77 Cr	Cement & Cement Products	0.71%
7	Pfizer Limited ₹363.53 Cr	Pharmaceuticals & Biotechnology	0.61%
8	Akzo Nobel India Limited ₹328.72 Cr	Consumer Durables	0.55%
9	Pidilite Industries Limited ₹293.03 Cr	Chemicals & Petrochemicals	0.49%
10	HDB Financial Services Limited ₹240.41 Cr	Finance	0.40%
11	LG Electronics India Ltd ₹238.95 Cr	Consumer Durables	0.40%
12	Container Corporation of India Limited ₹234.09 Cr	Transport Services	0.39%
13	Mphasis Limited ₹227.25 Cr	IT - Software	0.38%
14	GAIL (India) Limited ₹210.35 Cr	Gas	0.35%
15	Canara HSBC Life Insurance Co Ltd ₹167.84 Cr	Insurance	0.28%
16	Galaxy Surfactants Limited ₹133.92 Cr	Chemicals & Petrochemicals	0.22%
17	Entero Healthcare Solutions Ltd ₹130.51 Cr	Retailing	0.22%
18	Cohance Lifesciences Limited ₹111.21 Cr	Pharmaceuticals & Biotechnology	0.19%
19	Bandhan Bank Limited ₹94.66 Cr	Banks	0.16%
20	Vinati Organics Limited ₹3.09 Cr	Chemicals & Petrochemicals	0.01%

#	Stock	Sector	Last Weight (Mar 2026)
1	Max Financial Services Limited ₹589.26 Cr	Insurance	1.20%
2	Ambuja Cements Limited ₹557.35 Cr	Cement & Cement Products	1.13%
3	TVS Motor Company Limited ₹546.64 Cr	Automobiles	1.11%
4	Cummins India Limited ₹397.04 Cr	Industrial Products	0.81%
5	Zydus Lifesciences Limited ₹266.50 Cr	Pharmaceuticals & Biotechnology	0.54%
6	UPL Limited ₹239.81 Cr	Fertilizers & Agrochemicals	0.49%
7	Vedanta Limited ₹239.68 Cr	Diversified Metals	0.49%
8	Hindalco Industries Limited ₹215.78 Cr	Non - Ferrous Metals	0.44%
9	ACC Limited ₹168.70 Cr	Cement & Cement Products	0.34%
10	Gland Pharma Limited ₹166.29 Cr	Pharmaceuticals & Biotechnology	0.34%
11	Indian Bank ₹149.83 Cr	Banks	0.30%
12	Star Health And Allied Insurance Company Limited ₹146.35 Cr	Insurance	0.30%
13	Alkem Laboratories Limited ₹145.79 Cr	Pharmaceuticals & Biotechnology	0.30%
14	The Great Eastern Shipping Company Limited ₹138.30 Cr	Transport Services	0.28%
15	Zydus Wellness Ltd. ₹129.46 Cr	Food Products	0.26%
16	Zee Entertainment Enterprises Limited ₹111.85 Cr	Entertainment	0.23%
17	Kalpataru Projects International Limited ₹97.64 Cr	Construction	0.20%
18	Coal India Limited ₹89.50 Cr	Consumable Fuels	0.18%
19	PVR INOX Limited ₹84.45 Cr	Entertainment	0.17%
20	SBI Cards and Payment Services Limited ₹46.29 Cr	Finance	0.09%
21	Birla Corporation Limited ₹11.24 Cr	Cement & Cement Products	0.02%
22	NMDC Limited ₹2.20 Cr	Minerals & Mining	0.00%

#	Stock	Sector	Mar 2026	Apr 2026	Change
1	Tata Consultancy Services Limited ₹2,357.64 Cr	IT - Software	0.79%	3.96%	+3.17%
2	ITC Limited ₹3,157.74 Cr	Diversified FMCG	2.29%	5.30%	+3.01%
3	ICICI Bank Limited ₹5,029.50 Cr	Banks	6.99%	8.44%	+1.45%
4	Infosys Limited ₹3,561.90 Cr	IT - Software	4.53%	5.98%	+1.45%
5	Bajaj Finserv Limited ₹919.12 Cr	Finance	0.71%	1.54%	+0.83%
6	LIC Housing Finance Limited ₹676.47 Cr	Finance	0.33%	1.14%	+0.81%
7	HDFC Bank Limited ₹5,468.70 Cr	Banks	8.45%	9.18%	+0.73%
8	Cipla Limited ₹798.69 Cr	Pharmaceuticals & Biotechnology	0.68%	1.34%	+0.66%
9	Sun Pharmaceutical Industries Limited ₹2,797.93 Cr	Pharmaceuticals & Biotechnology	4.16%	4.70%	+0.54%
10	Dr. Reddy's Laboratories Limited ₹1,287.21 Cr	Pharmaceuticals & Biotechnology	1.66%	2.16%	+0.50%
11	Asian Paints Limited ₹747.59 Cr	Consumer Durables	0.88%	1.25%	+0.37%
12	Life Insurance Corporation Of India ₹729.41 Cr	Insurance	0.85%	1.22%	+0.37%
13	V-Guard Industries Limited ₹198.40 Cr	Consumer Durables	0.02%	0.33%	+0.31%
14	NTPC Limited ₹1,480.03 Cr	Power	2.22%	2.48%	+0.26%
15	ICICI Lombard General Insurance Company Limited ₹523.27 Cr	Insurance	0.62%	0.88%	+0.26%
16	IndusInd Bank Limited ₹172.68 Cr	Banks	0.07%	0.29%	+0.22%
17	SBI Life Insurance Company Limited ₹1,490.44 Cr	Insurance	2.36%	2.50%	+0.14%
18	Tata Chemicals Limited ₹226.98 Cr	Chemicals & Petrochemicals	0.27%	0.38%	+0.11%
19	HDFC Life Insurance Company Limited ₹859.08 Cr	Insurance	1.36%	1.44%	+0.08%
20	JK Lakshmi Cement Limited ₹102.04 Cr	Cement & Cement Products	0.12%	0.17%	+0.05%
21	AWL Agri Business Limited ₹267.60 Cr	Agricultural Food & other Products	0.42%	0.45%	+0.03%

#	Stock	Sector	Mar 2026	Apr 2026	Change
1	Axis Bank Limited ₹1,736.53 Cr	Banks	4.74%	2.91%	-1.83%
2	Bharti Airtel Limited ₹1,004.37 Cr	Telecom - Services	3.19%	1.69%	-1.50%
3	State Bank of India ₹1,277.34 Cr	Banks	3.35%	2.14%	-1.21%
4	Reliance Industries Limited ₹3,041.49 Cr	Petroleum Products	6.19%	5.10%	-1.09%
5	Maruti Suzuki India Limited ₹1,551.97 Cr	Automobiles	3.62%	2.60%	-1.02%
6	Dabur India Limited ₹147.70 Cr	Personal Products	1.20%	0.25%	-0.95%
7	Larsen & Toubro Limited ₹1,089.34 Cr	Construction	2.67%	1.83%	-0.84%
8	Lupin Limited ₹285.72 Cr	Pharmaceuticals & Biotechnology	1.17%	0.48%	-0.69%
9	Oil & Natural Gas Corporation Limited ₹1,082.85 Cr	Oil	2.46%	1.82%	-0.64%
10	Bharat Petroleum Corporation Limited ₹195.68 Cr	Petroleum Products	0.74%	0.33%	-0.41%
11	HCL Technologies Limited ₹208.02 Cr	IT - Software	0.74%	0.35%	-0.39%
12	Hero MotoCorp Limited ₹326.05 Cr	Automobiles	0.89%	0.55%	-0.34%
13	Tata Steel Limited ₹593.72 Cr	Ferrous Metals	1.32%	1.00%	-0.32%
14	Aurobindo Pharma Limited ₹281.64 Cr	Pharmaceuticals & Biotechnology	0.76%	0.47%	-0.29%
15	Bata India Limited ₹112.66 Cr	Consumer Durables	0.40%	0.19%	-0.21%
16	Gujarat State Petronet Limited ₹268.61 Cr	Gas	0.57%	0.45%	-0.12%
17	TTK Prestige Limited ₹38.69 Cr	Consumer Durables	0.13%	0.06%	-0.07%
18	Gujarat Gas Limited ₹38.39 Cr	Gas	0.12%	0.06%	-0.06%
19	GATEWAY DISTRIPARKS LTD ₹103.94 Cr	Transport Services	0.22%	0.17%	-0.05%
20	Tata Motors Passenger Vehicles Limited ₹1,004.14 Cr	Automobiles	1.72%	1.69%	-0.03%

What Stocks Does This Fund Hold?

63 stocks — Apr 2026

#	Stock	Sector	Weight & Value
1	HDFC Bank Limited ₹5,468.70 Cr	Banks	9.18%
2	ICICI Bank Limited ₹5,029.50 Cr	Banks	8.44%
3	Infosys Limited ₹3,561.90 Cr	IT - Software	5.98%
4	ITC Limited ₹3,157.74 Cr	Diversified FMCG	5.30%
5	Reliance Industries Limited ₹3,041.49 Cr	Petroleum Products	5.10%
6	Sun Pharmaceutical Industries Limited ₹2,797.93 Cr	Pharmaceuticals & Biotechnology	4.70%
7	Tata Consultancy Services Limited ₹2,357.64 Cr	IT - Software	3.96%
8	Hindustan Unilever Limited ₹1,836.36 Cr	Diversified FMCG	3.08%
9	Axis Bank Limited ₹1,736.53 Cr	Banks	2.91%
10	Maruti Suzuki India Limited ₹1,551.97 Cr	Automobiles	2.60%
11	SBI Life Insurance Company Limited ₹1,490.44 Cr	Insurance	2.50%
12	NTPC Limited ₹1,480.03 Cr	Power	2.48%
13	Dr. Reddy's Laboratories Limited ₹1,287.21 Cr	Pharmaceuticals & Biotechnology	2.16%
14	State Bank of India ₹1,277.34 Cr	Banks	2.14%
15	Larsen & Toubro Limited ₹1,089.34 Cr	Construction	1.83%
16	Oil & Natural Gas Corporation Limited ₹1,082.85 Cr	Oil	1.82%
17	Tata Motors Passenger Vehicles Limited ₹1,004.14 Cr	Automobiles	1.69%
18	Bharti Airtel Limited ₹1,004.37 Cr	Telecom - Services	1.69%
19	Bajaj Finserv Limited ₹919.12 Cr	Finance	1.54%
20	Kotak Mahindra Bank Limited ₹885.39 Cr	Banks	1.49%
21	HDFC Life Insurance Company Limited ₹859.08 Cr	Insurance	1.44%
22	Cipla Limited ₹798.69 Cr	Pharmaceuticals & Biotechnology	1.34%
23	Asian Paints Limited ₹747.59 Cr	Consumer Durables	1.25%
24	Life Insurance Corporation Of India ₹729.41 Cr	Insurance	1.22%
25	Tata Motors Ltd ₹712.03 Cr	Agricultural, Commercial & Construction Vehicles	1.19%
26	Hyundai Motor India Ltd ₹709.47 Cr	Automobiles	1.19%
27	LIC Housing Finance Limited ₹676.47 Cr	Finance	1.14%
28	Tata Steel Limited ₹593.72 Cr	Ferrous Metals	1.00%
29	Biocon Limited ₹576.86 Cr	Pharmaceuticals & Biotechnology	0.97%
30	Wipro Limited ₹564.20 Cr	IT - Software	0.95%
31	ICICI Lombard General Insurance Company Limited ₹523.27 Cr	Insurance	0.88%
32	UltraTech Cement Limited ₹422.77 Cr	Cement & Cement Products	0.71%
33	Pfizer Limited ₹363.53 Cr	Pharmaceuticals & Biotechnology	0.61%
34	Akzo Nobel India Limited ₹328.72 Cr	Consumer Durables	0.55%
35	Hero MotoCorp Limited ₹326.05 Cr	Automobiles	0.55%
36	Pidilite Industries Limited ₹293.03 Cr	Chemicals & Petrochemicals	0.49%
37	Lupin Limited ₹285.72 Cr	Pharmaceuticals & Biotechnology	0.48%
38	Aurobindo Pharma Limited ₹281.64 Cr	Pharmaceuticals & Biotechnology	0.47%
39	Gujarat State Petronet Limited ₹268.61 Cr	Gas	0.45%
40	AWL Agri Business Limited ₹267.60 Cr	Agricultural Food & other Products	0.45%
41	HDB Financial Services Limited ₹240.41 Cr	Finance	0.40%
42	LG Electronics India Ltd ₹238.95 Cr	Consumer Durables	0.40%
43	Container Corporation of India Limited ₹234.09 Cr	Transport Services	0.39%
44	Mphasis Limited ₹227.25 Cr	IT - Software	0.38%
45	Tata Chemicals Limited ₹226.98 Cr	Chemicals & Petrochemicals	0.38%
46	GAIL (India) Limited ₹210.35 Cr	Gas	0.35%
47	HCL Technologies Limited ₹208.02 Cr	IT - Software	0.35%
48	V-Guard Industries Limited ₹198.40 Cr	Consumer Durables	0.33%
49	Bharat Petroleum Corporation Limited ₹195.68 Cr	Petroleum Products	0.33%
50	IndusInd Bank Limited ₹172.68 Cr	Banks	0.29%
51	Canara HSBC Life Insurance Co Ltd ₹167.84 Cr	Insurance	0.28%
52	Dabur India Limited ₹147.70 Cr	Personal Products	0.25%
53	Galaxy Surfactants Limited ₹133.92 Cr	Chemicals & Petrochemicals	0.22%
54	Entero Healthcare Solutions Ltd ₹130.51 Cr	Retailing	0.22%
55	TVS HOLDINGS LIMTED ₹127.23 Cr	Finance	0.21%
56	Bata India Limited ₹112.66 Cr	Consumer Durables	0.19%
57	Cohance Lifesciences Limited ₹111.21 Cr	Pharmaceuticals & Biotechnology	0.19%
58	GATEWAY DISTRIPARKS LTD ₹103.94 Cr	Transport Services	0.17%
59	JK Lakshmi Cement Limited ₹102.04 Cr	Cement & Cement Products	0.17%
60	Bandhan Bank Limited ₹94.66 Cr	Banks	0.16%
61	TTK Prestige Limited ₹38.69 Cr	Consumer Durables	0.06%
62	Gujarat Gas Limited ₹38.39 Cr	Gas	0.06%
63	Vinati Organics Limited ₹3.09 Cr	Chemicals & Petrochemicals	0.01%