ICICI Prudential Rural Opportunities Fund vs ICICI Prudential Value Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Rural Opportunities Fund is a Thematic fund and ICICI Prudential Value Fund is a Value and Contra fund. In the year to 30-10-2026, ICICI Prudential Rural Opportunities Fund (Direct) returned −12.2% and ICICI Prudential Value Fund (Direct) returned −9.7%. ICICI Prudential Rural Opportunities Fund charges 1.25% a year and ICICI Prudential Value Fund 1.08% (Direct plans). Their portfolios overlap 36.8%: they hold 19 of the same securities.
ICICI Prudential Rural Opportunities Fund
Thematic
- 1 year return
- −12.2%
- Expense ratio
- 1.25%
- NAV
- ₹10.33
ICICI Prudential Value Fund
Value and Contra
- 1 year return
- −9.7%
- Expense ratio
- 1.08%
- NAV
- ₹484.98
Which is better, ICICI Prudential Rural Opportunities 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 1 year: −9.7% against −12.2%.
- ICICI Prudential Value costs less: 1.08% a year against 1.25% (Direct plans).
- ICICI Prudential Value fell less in its worst fall since 29-01-2025: −14.0% against −14.4%.
- ICICI Prudential Value is the larger fund: ₹57,250 Cr against ₹1,896 Cr.
- Their portfolios overlap 36.8%: 19 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 | ICICI Prudential Rural Opportunities Fund | ICICI Prudential Value Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Thematic | Value and Contra |
| AUM | ₹1,896 Cr (30-09-2026) | ₹57,250 Cr (30-09-2026) |
| NAV | ₹10.33 (Direct) | ₹484.98 (Direct) |
| Expense ratio (Direct) | 1.25% | 1.08% |
| Expense ratio (Regular) | 2.26% | 1.55% |
| Riskometer | Not available | Very High |
| Benchmark | Nifty Rural TRI | Nifty 500 TRI |
| Launch date | 28-01-2025 | 16-08-2004 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Priyanka Khandelwal | Sankaran Naren, Dharmesh Kakkad, Masoomi Jhurmarvala |
| Exit load | • 1% of applicable Net Asset Value - If the amount sought to be redeemed or switch out within 1 month from allotment. • NIL - If the amount sought to be redeemed or switched out more than 1 month. | 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 |
ICICI Prudential Rural Opportunities 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 |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Rural Opportunities Fund (Direct) | −1.62% | −9.07% | −6.77% | −12.23% | -- | -- | -- |
| ICICI Prudential Value Fund (Direct) | +0.67% | −5.68% | −4.73% | −9.65% | +11.45% | +12.96% | +14.04% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
| Value and Contra average | −2.09% | −5.76% | −3.23% | −5.72% | +11.83% | +11.08% | +12.63% |
Category average: the average of the 235 Thematic funds and the 30 Value and Contra funds, same plan type.
ICICI Prudential Rural Opportunities vs ICICI Prudential Value: Year-wise Returns
| Year | Rural OpportunitiesICICI Prudential Rural Opportunities | ValueICICI Prudential Value |
|---|---|---|
| 2026to date | −12.61% | −11.70% |
| 2025 | -- | +14.36% |
| 2024 | -- | +20.65% |
| 2023 | -- | +32.08% |
| 2022 | -- | +15.59% |
| 2021 | -- | +39.27% |
ICICI Prudential Rural Opportunities vs ICICI Prudential Value: Rolling Returns
Every holding period of both funds, against Nifty Rural TRI, the benchmark of ICICI Prudential Rural Opportunities Fund
Rolling returns
Every 1-year holding period, 185 of them, one for each trading day from 29-01-2026 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.
ICICI Prudential Rural Opportunities Fund (Direct)
ICICI Prudential Value Fund (Direct)
Nifty Rural TRI
to
Feb 2026Apr 2025
to
Apr 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 2026
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential Rural Opportunities | 40.0 | 30.3 | 11.4 | 5.9 | 5.4 | 7.0 | 0.0 | 2.6% | 1.2% | −13.6% | 22.1% | 6% |
| ICICI Prudential Value | 51.9 | 23.8 | 7.0 | 9.7 | 7.6 | 0.0 | 0.0 | 1.7% | −0.3% | −10.4% | 17.0% | 13% |
| Nifty Rural TRI | 20.5 | 34.1 | 25.4 | 9.2 | 3.2 | 7.6 | 0.0 | 4.9% | 4.3% | −12.8% | 23.2% | -- |
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 Rural 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 29-01-2025. Past returns do not promise future returns.
ICICI Prudential Rural Opportunities 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 29-01-2025 to 30-10-2026: 22 instalments, ₹2,20,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Rural OpportunitiesICICI Prudential Rural Opportunities Fund (Direct) | ₹2,20,000 | ₹2,08,361 | −₹11,639 | −5.6% |
| ICICI Prudential ValueICICI Prudential Value Fund (Direct) | ₹2,20,000 | ₹2,11,015 | −₹8,985 | −4.3% |
ICICI Prudential Rural OpportunitiesICICI Prudential Rural Opportunities 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.
ICICI Prudential Rural Opportunities vs ICICI Prudential Value: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Rural Opportunities Fund (Direct) | ICICI Prudential Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | −12.23% | −9.65% |
| Standard deviation | 13.76% | 11.68% |
| Sharpe ratio | -1.27 | -1.27 |
| Sortino ratio | -1.64 | -1.69 |
| Maximum drawdown | −14.4% (30-03-2026) | −14.0% (08-10-2026) |
| Beta | 0.87 | 0.77 |
| Alpha | −3.11% | −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 | ICICI Prudential Rural Opportunities Fund (Direct) | ICICI Prudential Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.70% | +16.53% |
| Standard deviation | 12.43% | 14.01% |
| Sharpe ratio | -0.31 | 0.75 |
| Sortino ratio | -0.42 | 1.04 |
| Maximum drawdown | −14.4% (30-03-2026) | −36.7% (23-03-2020) |
| Beta | 0.84 | 0.82 |
| Alpha | −1.31% | +4.94% |
From daily NAVs, 29-01-2025 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.
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.
ICICI Prudential Rural Opportunities Fund (Direct)
ICICI Prudential Value Fund (Direct)
Nifty Rural TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Rural Opportunities Fund (Direct) | −14.4% | 06-01-2026 | 30-03-2026 | Not yet | -- | −13.2% |
| ICICI Prudential Value Fund (Direct) | −14.0% | 02-01-2026 | 08-10-2026 | Not yet | -- | −12.1% |
| Nifty Rural TRI | −15.1% | 18-02-2026 | 23-10-2026 | Not yet | -- | −13.4% |
From daily values since 29-01-2025, 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.
ICICI Prudential Rural Opportunities Fund (Direct)
ICICI Prudential Value Fund (Direct)
Nifty Rural TRI
Against Nifty Rural TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential Rural Opportunities Fund (Direct) | 94% | 94% | 3.49% |
| ICICI Prudential Value Fund (Direct) | 69% | 71% | 6.45% |
From month-end values since 29-01-2025. 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.
ICICI Prudential Rural Opportunities vs ICICI Prudential Value: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Rural Opportunities Fund, September 2026; ICICI Prudential Value Fund, September 2026
Holdings in common
- Overlap
- 36.8%
- Held by both
- 19
- Only in ICICI Prudential Rural Opportunities
- 28
- Only in ICICI Prudential Value
- 45
| Security | % of ICICI Prudential Rural Opportunities | % of ICICI Prudential Value |
|---|---|---|
| HDFC Bank Ltd. | 7.80% | 9.45% |
| Life Insurance Corporation of India | 7.32% | 5.83% |
| Maruti Suzuki India Ltd. | 2.86% | 3.16% |
| Hindustan Unilever Ltd. | 7.50% | 2.68% |
| Bharti Airtel Ltd. | 6.95% | 2.50% |
| State Bank Of India | 5.97% | 2.02% |
| ITC Ltd. | 1.83% | 4.51% |
| HDFC Life Insurance Company Ltd. | 1.74% | 1.98% |
| SBI Life Insurance Company Ltd. | 1.47% | 2.31% |
| Ultratech Cement Ltd. | 5.00% | 1.43% |
| Hyundai Motor India Ltd. | 2.40% | 1.28% |
| ICICI Bank Ltd. | 1.13% | 8.97% |
| LIC Housing Finance Ltd. | 1.13% | 1.02% |
| Godrej Consumer Products Ltd. | 2.26% | 0.99% |
| TML Commercial Vehicles Ltd. | 0.95% | 1.43% |
| JK Lakshmi Cement Ltd. | 0.80% | 0.54% |
| Axis Bank Ltd. | 0.31% | 2.93% |
| Dabur India Ltd. | 1.17% | 0.30% |
| SBI Funds Management Ltd. | 0.47% | 0.09% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.8% means 36.8% 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 ICICI Prudential Rural Opportunities Fund
| Security | % of fund |
|---|---|
| Mahindra & Mahindra Ltd. | 6.29% |
| Britannia Industries Ltd. | 3.45% |
| TVS Motor Company Ltd. | 2.89% |
| Colgate - Palmolive (India) Ltd. | 2.69% |
| Cholamandalam Investment And Finance Company Ltd. | 2.46% |
Largest holdings only in ICICI Prudential Value Fund
| Security | % of fund |
|---|---|
| Reliance Industries Ltd. | 5.13% |
| Sun Pharmaceutical Industries Ltd. | 4.37% |
| Infosys Ltd. | 4.15% |
| Tata Consultancy Services Ltd. | 2.58% |
| NTPC Ltd. | 2.09% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Rural Opportunities | ICICI Prudential Value |
|---|---|---|
| Equity | 96.7% | 96.7% |
| Debt | 0.0% | 1.0% |
| Cash and others | 3.3% | 2.4% |
Market cap of stocks
| Market cap | ICICI Prudential Rural Opportunities | ICICI Prudential Value |
|---|---|---|
| Large Cap | 73.2% | 82.9% |
| Mid Cap | 15.1% | 6.0% |
| Small Cap | 8.0% | 7.6% |
| Not on AMFI's list | 0.5% | 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 | ICICI Prudential Rural Opportunities | ICICI Prudential Value |
|---|---|---|
| Banks | 15.2% | 25.9% |
| Automobiles | 16.3% | 6.3% |
| Insurance | 10.8% | 12.0% |
| Diversified Fmcg | 9.3% | 7.2% |
| Pharmaceuticals & Biotechnology | 0.0% | 8.6% |
| Personal Products | 7.3% | 1.3% |
| It - Software | 0.0% | 7.3% |
| Telecom - Services | 7.0% | 2.5% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Rural Opportunities vs ICICI Prudential Value: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Rural Opportunities Fund | ICICI Prudential Value Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.25% | 1.08% |
| Base expense ratio (Direct) | 0.88% | 0.80% |
| Total expense ratio (Regular) | 2.26% | 1.55% |
| Base expense ratio (Regular) | 1.78% | 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
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ICICI Prudential Rural Opportunities Fund vs ICICI Prudential Value Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Rural Opportunities Fund and ICICI Prudential Value Fund?
ICICI Prudential Rural Opportunities Fund is a Thematic fund, ICICI Prudential Value Fund is a Value and Contra fund, run by ICICI Prudential Mutual Fund. Their portfolios overlap 36.8%. ICICI Prudential Rural Opportunities Fund charges 1.25% a year and ICICI Prudential Value Fund 1.08%.
Which has given higher returns, ICICI Prudential Rural Opportunities Fund or ICICI Prudential Value Fund?
Over 1 year: ICICI Prudential Rural Opportunities Fund −12.23%, ICICI Prudential Value Fund −9.65%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Rural Opportunities Fund or ICICI Prudential Value Fund?
ICICI Prudential Value Fund charges less: 1.08% a year against 1.25%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Rural Opportunities Fund and ICICI Prudential Value Fund overlap?
36.8%. They hold 19 of the same securities, the largest shared ones being HDFCBANK, LICI, MARUTI. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential Rural Opportunities Fund and ICICI Prudential Value Fund?
Yes. 36.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ICICI Prudential Rural Opportunities Fund and ICICI Prudential Value Fund?
ICICI Prudential Rural Opportunities Fund: Priyanka Khandelwal. 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.