HDFC Value Fund vs ICICI Prudential Value Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Value Fund and ICICI Prudential Value Fund are both Value and Contra funds. In the 3 years to 30-10-2026, HDFC Value Fund (Direct) returned 15.1% a year and ICICI Prudential Value Fund (Direct) returned 11.4% a year. HDFC Value Fund charges 1.11% a year and ICICI Prudential Value Fund 1.08% (Direct plans). Their portfolios overlap 36.9%: they hold 20 of the same securities.
ICICI Prudential Value Fund
Value and Contra
- 3 year return
- 11.4%
- Expense ratio
- 1.08%
- NAV
- ₹484.98
Which is better, HDFC Value or ICICI Prudential Value? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ICICI Prudential Value returned more over 5 years: 13.0% a year against 12.3%.
- HDFC Value returned more over 3 years: 15.1% a year against 11.4%.
- ICICI Prudential Value costs less: 1.08% a year against 1.11% (Direct plans).
- ICICI Prudential Value swung less over 3 years: a standard deviation of 11.2% a year against 13.7%.
- ICICI Prudential Value fell less in its worst fall since 02-01-2013: −36.7% against −43.9%.
- ICICI Prudential Value holds more in large companies: 82.9% of the fund in large caps against 56.6%.
- ICICI Prudential Value is the larger fund: ₹57,250 Cr against ₹8,039 Cr.
- Their portfolios overlap 36.9%: 20 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | HDFC Value Fund | ICICI Prudential Value Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Value and Contra | Value and Contra |
| AUM | ₹8,039 Cr (30-09-2026) | ₹57,250 Cr (30-09-2026) |
| NAV | ₹848.85 (Direct) | ₹484.98 (Direct) |
| Expense ratio (Direct) | 1.11% | 1.08% |
| Expense ratio (Regular) | 1.88% | 1.55% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| Launch date | 01-02-1994 | 16-08-2004 |
| Minimum investment | ₹100 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Anand Laddha, Gopal Agrawal, Bhagyesh Kagalkar | Sankaran Naren, Dharmesh Kakkad, Masoomi Jhurmarvala |
| Exit load | In respect of each purchase / switch-in of units, an Exit Load of 0.25% is payable if Units are redeemed/ switched-out within 1 month from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 1 month from the date of allotment. | 1% of the applicable Net Asset Value - if the amount sought to be redeemed or switch out is invested for a period of up to 12 months from the date of allotment. NIL - if the amount sought to be redeemed or switch out is invested for a period more than 12 months from the date of allotment |
HDFC Value vs ICICI Prudential Value: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| HDFC Value Fund (Direct) | −1.58% | −4.12% | +1.58% | −1.48% | +15.13% | +12.33% | +13.72% |
| ICICI Prudential Value Fund (Direct) | +0.67% | −5.68% | −4.73% | −9.65% | +11.45% | +12.96% | +14.04% |
| Value and Contra average | −2.09% | −5.76% | −3.23% | −5.72% | +11.83% | +11.08% | +12.63% |
Category average: the average of the 30 Value and Contra funds, same plan type.
HDFC Value vs ICICI Prudential Value: Year-wise Returns
| Year | HDFCHDFC Value | ICICI PrudentialICICI Prudential Value | Nifty 500 TRI |
|---|---|---|---|
| 2026to date | −1.84% | −11.70% | −7.51% |
| 2025 | +9.51% | +14.36% | +7.76% |
| 2024 | +21.73% | +20.65% | +16.24% |
| 2023 | +30.73% | +32.08% | +26.91% |
| 2022 | +4.58% | +15.59% | +4.25% |
| 2021 | +36.87% | +39.27% | +31.60% |
HDFC Value vs ICICI Prudential Value: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 2,666 of them, one for each trading day from 04-01-2016 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
HDFC Value Fund (Direct)
ICICI Prudential Value Fund (Direct)
Nifty 500 TRI
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HDFC Value | 3.8 | 4.7 | 6.9 | 18.3 | 35.4 | 23.7 | 7.2 | 16.3% | 17.2% | −9.9% | 37.1% | 70% |
| ICICI Prudential Value | 2.1 | 7.6 | 13.2 | 15.9 | 10.4 | 22.1 | 28.7 | 18.3% | 20.2% | −8.7% | 41.7% | 68% |
| Nifty 500 TRI | 1.9 | 4.3 | 7.8 | 37.0 | 34.8 | 11.3 | 2.9 | 14.7% | 14.9% | −6.3% | 33.5% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 02-01-2013. Past returns do not promise future returns.
HDFC Value vs ICICI Prudential Value: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC ValueHDFC Value Fund (Direct) | ₹16,60,000 | ₹49,85,356 | ₹33,25,356 | 14.7% |
| ICICI Prudential ValueICICI Prudential Value Fund (Direct) | ₹16,60,000 | ₹53,50,056 | ₹36,90,056 | 15.6% |
HDFC ValueHDFC Value Fund (Direct)
ICICI Prudential ValueICICI Prudential Value Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
HDFC Value vs ICICI Prudential Value: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Value Fund (Direct) | ICICI Prudential Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | −1.48% | −9.65% |
| Standard deviation | 14.15% | 11.68% |
| Sharpe ratio | -0.48 | -1.27 |
| Sortino ratio | -0.65 | -1.69 |
| Maximum drawdown | −13.8% (31-03-2026) | −14.0% (08-10-2026) |
| Beta | 0.97 | 0.77 |
| Alpha | +5.47% | −5.19% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | HDFC Value Fund (Direct) | ICICI Prudential Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.13% | +11.45% |
| Standard deviation | 13.73% | 11.22% |
| Sharpe ratio | 0.66 | 0.48 |
| Sortino ratio | 0.91 | 0.68 |
| Maximum drawdown | −18.2% (28-02-2025) | −14.0% (08-10-2026) |
| Beta | 0.95 | 0.75 |
| Alpha | +5.13% | +2.27% |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | HDFC Value Fund (Direct) | ICICI Prudential Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.33% | +12.96% |
| Standard deviation | 13.81% | 11.48% |
| Sharpe ratio | 0.47 | 0.62 |
| Sortino ratio | 0.64 | 0.87 |
| Maximum drawdown | −18.4% (20-06-2022) | −14.0% (08-10-2026) |
| Beta | 0.94 | 0.76 |
| Alpha | +3.68% | +4.89% |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | HDFC Value Fund (Direct) | ICICI Prudential Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.36% | +16.53% |
| Standard deviation | 15.62% | 14.01% |
| Sharpe ratio | 0.60 | 0.75 |
| Sortino ratio | 0.80 | 1.04 |
| Maximum drawdown | −43.9% (23-03-2020) | −36.7% (23-03-2020) |
| Beta | 0.96 | 0.82 |
| Alpha | +2.76% | +4.94% |
From daily NAVs, 01-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
HDFC Value Fund (Direct)
ICICI Prudential Value Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC Value Fund (Direct) | −43.9% | 23-01-2018 | 23-03-2020 | 01-12-2020 | 8 months | −6.2% |
| ICICI Prudential Value Fund (Direct) | −36.7% | 07-09-2018 | 23-03-2020 | 05-11-2020 | 7 months | −12.1% |
| Nifty 500 TRI | −38.1% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −8.8% |
From daily values since 02-01-2013, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
HDFC Value Fund (Direct)
ICICI Prudential Value Fund (Direct)
Nifty 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
HDFC Value Fund (Direct)
ICICI Prudential Value Fund (Direct)
Nifty 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
HDFC Value Fund (Direct)
ICICI Prudential Value Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HDFC Value Fund (Direct) | 105% | 95% | 3.86% |
| ICICI Prudential Value Fund (Direct) | 94% | 69% | 6.35% |
From month-end values since 02-01-2013. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
HDFC Value vs ICICI Prudential Value: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Value Fund, September 2026; ICICI Prudential Value Fund, September 2026
Holdings in common
- Overlap
- 36.9%
- Held by both
- 20
- Only in HDFC Value
- 60
- Only in ICICI Prudential Value
- 44
| Security | % of HDFC Value | % of ICICI Prudential Value |
|---|---|---|
| ICICI Bank Ltd. | 6.17% | 8.97% |
| HDFC Bank Ltd. | 4.56% | 9.45% |
| Axis Bank Ltd. | 3.20% | 2.93% |
| Bharti Airtel Ltd. | 2.84% | 2.50% |
| Sun Pharmaceutical Industries Ltd. | 2.20% | 4.37% |
| State Bank of India | 3.16% | 2.02% |
| NTPC Limited | 2.01% | 2.09% |
| Infosys Limited | 1.98% | 4.15% |
| SBI Life Insurance Company Ltd. | 1.85% | 2.31% |
| Reliance Industries Ltd. | 1.85% | 5.13% |
| Maruti Suzuki India Limited | 1.61% | 3.16% |
| Larsen and Toubro Ltd. | 2.46% | 1.59% |
| HDFC Life Insurance Company Limited | 0.97% | 1.98% |
| Godrej Consumer Products Ltd. | 0.97% | 0.99% |
| UltraTech Cement Limited | 0.96% | 1.43% |
| Hindustan Unilever Ltd. | 0.94% | 2.68% |
| Hyundai Motor India Limited | 0.78% | 1.28% |
| MphasiS Limited. | 0.54% | 0.53% |
| Indusind Bank Ltd. | 0.70% | 0.27% |
| Bharat Petroleum Corporation Ltd. | 0.75% | 0.17% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.9% means 36.9% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in HDFC Value Fund
| Security | % of fund |
|---|---|
| Au Small Finance Bank Ltd. | 2.19% |
| Bharat Electronics Ltd. | 1.93% |
| Eternal Limited | 1.75% |
| Bosch Limited | 1.70% |
| ACME Solar Holdings Limited | 1.64% |
Largest holdings only in ICICI Prudential Value Fund
| Security | % of fund |
|---|---|
| Life Insurance Corporation of India | 5.83% |
| ITC Ltd. | 4.51% |
| Tata Consultancy Services Ltd. | 2.58% |
| Dr. Reddy's Laboratories Ltd. | 2.06% |
| Bajaj Finserv Ltd. | 1.80% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Value | ICICI Prudential Value |
|---|---|---|
| Equity | 98.5% | 96.7% |
| Debt | 0.0% | 1.0% |
| Cash and others | 1.5% | 2.4% |
Market cap of stocks
| Market cap | HDFC Value | ICICI Prudential Value |
|---|---|---|
| Large Cap | 56.6% | 82.9% |
| Mid Cap | 22.7% | 6.0% |
| Small Cap | 18.2% | 7.6% |
| Not on AMFI's list | 1.0% | 0.2% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | HDFC Value | ICICI Prudential Value |
|---|---|---|
| Banks | 21.9% | 25.9% |
| Insurance | 3.8% | 12.0% |
| Pharmaceuticals & Biotechnology | 6.9% | 8.6% |
| It - Software | 0.0% | 7.3% |
| Diversified Fmcg | 0.0% | 7.2% |
| Automobiles | 5.0% | 6.3% |
| IT - Software | 6.0% | 0.0% |
| Finance | 5.7% | 3.1% |
| Auto Components | 4.7% | 1.5% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Value vs ICICI Prudential Value: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Value Fund | ICICI Prudential Value Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.11% | 1.08% |
| Base expense ratio (Direct) | 0.87% | 0.80% |
| Total expense ratio (Regular) | 1.88% | 1.55% |
| Base expense ratio (Regular) | 1.53% | 1.20% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare HDFC Value with
HDFC Value Fund vs ICICI Prudential Value Fund: Frequently Asked Questions
What is the difference between HDFC Value Fund and ICICI Prudential Value Fund?
Both are Value and Contra funds, run by HDFC Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 36.9%. HDFC Value Fund charges 1.11% a year and ICICI Prudential Value Fund 1.08%.
Which has given higher returns, HDFC Value Fund or ICICI Prudential Value Fund?
Over 1 year: HDFC Value Fund −1.48%, ICICI Prudential Value Fund −9.65%. Over 3 years: HDFC Value Fund +15.13% a year, ICICI Prudential Value Fund +11.45% a year. Over 5 years: HDFC Value Fund +12.33% a year, ICICI Prudential Value Fund +12.96% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC Value Fund or ICICI Prudential Value Fund?
ICICI Prudential Value Fund charges less: 1.08% a year against 1.11%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Value Fund and ICICI Prudential Value Fund overlap?
36.9%. They hold 20 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, AXISBANK. From each fund's latest monthly portfolio.
Which is riskier, HDFC Value Fund or ICICI Prudential Value Fund?
On SEBI's riskometer, HDFC Value Fund is rated Very High and ICICI Prudential Value Fund Very High. Over 3 years, the standard deviation of daily returns was 13.73% and 11.22% a year.
Which is better for SIP, HDFC Value Fund or ICICI Prudential Value Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹8,31,781 in HDFC Value Fund (XIRR 12.2% a year) and ₹7,82,940 in ICICI Prudential Value Fund (XIRR 9.8% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both HDFC Value Fund and ICICI Prudential Value Fund?
Yes. 36.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HDFC Value Fund and ICICI Prudential Value Fund?
HDFC Value Fund: Anand Laddha, Gopal Agrawal, Bhagyesh Kagalkar. ICICI Prudential Value Fund: Sankaran Naren, Dharmesh Kakkad, Masoomi Jhurmarvala.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.