ICICI Prudential Value Fund vs LIC MF Value Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Value Fund and LIC MF Value Fund are both Value and Contra funds. In the 3 years to 30-10-2026, ICICI Prudential Value Fund (Direct) returned 11.4% a year and LIC MF Value Fund (Direct) returned 16.1% a year. ICICI Prudential Value Fund charges 1.08% a year and LIC MF Value Fund 1.78% (Direct plans). Their portfolios overlap 17.4%: they hold 13 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, ICICI Prudential Value or LIC MF Value? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- LIC MF Value returned more over 3 years: 16.1% a year against 11.4%.
- LIC MF Value returned more over 1 year: 10.9% against −9.7%.
- ICICI Prudential Value costs less: 1.08% a year against 1.78% (Direct plans).
- ICICI Prudential Value swung less over 3 years: a standard deviation of 11.2% a year against 17.2%.
- ICICI Prudential Value fell less in its worst fall since 31-07-2023: −14.0% against −25.2%.
- ICICI Prudential Value holds more in large companies: 82.9% of the fund in large caps against 32.8%.
- ICICI Prudential Value is the larger fund: ₹57,250 Cr against ₹336 Cr.
- Their portfolios overlap 17.4%: 13 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 Value Fund | LIC MF Value Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | LIC Mutual Fund |
| Category | Value and Contra | Value and Contra |
| AUM | ₹57,250 Cr (30-09-2026) | ₹336 Cr (30-09-2026) |
| NAV | ₹484.98 (Direct) | ₹29.46 (Direct) |
| Expense ratio (Direct) | 1.08% | 1.78% |
| Expense ratio (Regular) | 1.55% | 3.22% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| Launch date | 16-08-2004 | 20-08-2018 |
| Minimum investment | ₹1,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Sankaran Naren, Dharmesh Kakkad, Masoomi Jhurmarvala | Mahesh Bendre |
| Exit load | 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 | Nil, If units of the Scheme are redeemed or switched out up to 12% of the units (the limit) within 12 months from the date of allotment. 1% of the applicable NAV, If units of the scheme are redeemed or switched out in excess of the limit within 12 months from the date of allotment. Nil, If units of scheme are redeemed or switched out after 12 months from the date of allotment. |
ICICI Prudential Value vs LIC MF 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 Value Fund (Direct) | +0.67% | −5.68% | −4.73% | −9.65% | +11.45% | +12.96% | +14.04% |
| LIC MF Value Fund (Direct) | −5.40% | −3.78% | +5.94% | +10.90% | +16.07% | -- | -- |
| Value and Contra average | −2.09% | −5.76% | −3.23% | −5.72% | +11.83% | -- | -- |
Category average: the average of the 30 Value and Contra funds, same plan type.
ICICI Prudential Value vs LIC MF Value: Year-wise Returns
| Year | ICICI PrudentialICICI Prudential Value | LIC MFLIC MF Value | Nifty 500 TRI |
|---|---|---|---|
| 2026to date | −11.70% | +11.43% | −7.51% |
| 2025 | +14.36% | −5.73% | +7.76% |
| 2024 | +20.65% | +30.38% | +16.24% |
| 2023 | +32.08% | -- | +26.91% |
| 2022 | +15.59% | -- | +4.25% |
| 2021 | +39.27% | -- | +31.60% |
ICICI Prudential Value vs LIC MF Value: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 61 of them, one for each trading day from 31-07-2026 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 Value Fund (Direct)
LIC MF Value Fund (Direct)
Nifty 500 TRI
to
Aug 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 2026Oct 2023
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 Value | 0.0 | 0.0 | 0.0 | 98.4 | 1.6 | 0.0 | 0.0 | 12.3% | 11.6% | 10.1% | 15.1% | 100% |
| LIC MF Value | 0.0 | 0.0 | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 17.6% | 17.5% | 15.2% | 19.6% | 100% |
| Nifty 500 TRI | 0.0 | 0.0 | 31.1 | 68.9 | 0.0 | 0.0 | 0.0 | 11.1% | 10.8% | 8.8% | 13.5% | -- |
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 31-07-2023. Past returns do not promise future returns.
ICICI Prudential Value vs LIC MF 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 03-07-2023 to 30-10-2026: 40 instalments, ₹4,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential ValueICICI Prudential Value Fund (Direct) | ₹4,00,000 | ₹4,20,794 | ₹20,794 | 3.0% |
| LIC MF ValueLIC MF Value Fund (Direct) | ₹4,00,000 | ₹4,79,140 | ₹79,140 | 10.9% |
ICICI Prudential ValueICICI Prudential Value Fund (Direct)
LIC MF ValueLIC MF 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 Value vs LIC MF Value: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Value Fund (Direct) | LIC MF Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.65% | +10.90% |
| Standard deviation | 11.68% | 16.55% |
| Sharpe ratio | -1.27 | 0.34 |
| Sortino ratio | -1.69 | 0.49 |
| Maximum drawdown | −14.0% (08-10-2026) | −10.9% (31-03-2026) |
| Beta | 0.77 | 1.04 |
| Alpha | −5.19% | +18.74% |
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 Value Fund (Direct) | LIC MF Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.45% | +16.07% |
| Standard deviation | 11.22% | 17.18% |
| Sharpe ratio | 0.48 | 0.58 |
| Sortino ratio | 0.68 | 0.79 |
| Maximum drawdown | −14.0% (08-10-2026) | −25.2% (03-03-2025) |
| Beta | 0.75 | 1.09 |
| Alpha | +2.27% | +5.49% |
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 | ICICI Prudential Value Fund (Direct) | LIC MF Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.53% | +14.94% |
| Standard deviation | 14.01% | 16.73% |
| Sharpe ratio | 0.75 | 0.53 |
| Sortino ratio | 1.04 | 0.71 |
| Maximum drawdown | −36.7% (23-03-2020) | −25.2% (03-03-2025) |
| Beta | 0.82 | 1.08 |
| Alpha | +4.94% | +5.67% |
From daily NAVs, 02-01-2013 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.
ICICI Prudential Value Fund (Direct)
LIC MF 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 |
|---|---|---|---|---|---|---|
| ICICI Prudential Value Fund (Direct) | −14.0% | 02-01-2026 | 08-10-2026 | Not yet | -- | −12.1% |
| LIC MF Value Fund (Direct) | −25.2% | 17-12-2024 | 03-03-2025 | 15-06-2026 | 15 months | −7.6% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 31-07-2023, 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 Value Fund (Direct)
LIC MF 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.
ICICI Prudential Value Fund (Direct)
LIC MF Value Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential Value Fund (Direct) | 89% | 74% | 5.20% |
| LIC MF Value Fund (Direct) | 126% | 103% | 8.72% |
From month-end values since 31-07-2023. 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 Value vs LIC MF Value: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Value Fund, September 2026; LIC MF Value Fund, September 2026
Holdings in common
- Overlap
- 17.4%
- Held by both
- 13
- Only in ICICI Prudential Value
- 51
- Only in LIC MF Value
- 37
| Security | % of ICICI Prudential Value | % of LIC MF Value |
|---|---|---|
| HDFC Bank Ltd. | 9.45% | 3.51% |
| State Bank Of India | 2.02% | 1.87% |
| NTPC Ltd. | 2.09% | 1.76% |
| ICICI Bank Ltd. | 8.97% | 1.67% |
| TML Commercial Vehicles Ltd. | 1.43% | 2.19% |
| Cipla Ltd. | 1.35% | 1.50% |
| Hyundai Motor India Ltd. | 1.28% | 3.12% |
| Axis Bank Ltd. | 2.93% | 1.25% |
| Tata Motors Passenger Vehicles Ltd. | 1.20% | 5.03% |
| Sun Pharmaceutical Industries Ltd. | 4.37% | 0.84% |
| Kotak Mahindra Bank Ltd. | 1.72% | 0.84% |
| Gujarat Gas Ltd. | 0.34% | 1.68% |
| GSPL India Transco Ltd | 0.07% | 0.10% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 17.4% means 17.4% 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 Value Fund
| Security | % of fund |
|---|---|
| Life Insurance Corporation of India | 5.83% |
| Reliance Industries Ltd. | 5.13% |
| ITC Ltd. | 4.51% |
| Infosys Ltd. | 4.15% |
| Maruti Suzuki India Ltd. | 3.16% |
Largest holdings only in LIC MF Value Fund
| Security | % of fund |
|---|---|
| INDO-MIM Ltd. | 7.68% |
| Kirloskar Brothers Ltd. | 3.60% |
| NSE India Ltd. | 3.36% |
| Schaeffler India Ltd. | 3.32% |
| Nephrocare Health Services Ltd. | 3.14% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Value | LIC MF Value |
|---|---|---|
| Equity | 96.7% | 97.0% |
| Debt | 1.0% | 0.0% |
| Cash and others | 2.4% | 3.0% |
Market cap of stocks
| Market cap | ICICI Prudential Value | LIC MF Value |
|---|---|---|
| Large Cap | 82.9% | 32.8% |
| Mid Cap | 6.0% | 10.6% |
| Small Cap | 7.6% | 42.0% |
| Not on AMFI's list | 0.2% | 11.6% |
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 Value | LIC MF Value |
|---|---|---|
| Banks | 25.9% | 10.3% |
| Auto Components | 1.5% | 13.4% |
| Insurance | 12.0% | 0.0% |
| Industrial Products | 0.0% | 9.1% |
| Pharmaceuticals & Biotechnology | 8.6% | 5.2% |
| Automobiles | 6.3% | 8.2% |
| Industrial Manufacturing | 0.0% | 8.1% |
| It - Software | 7.3% | 0.0% |
| Diversified Fmcg | 7.2% | 0.0% |
| Agricultural, Commercial & Construction Vehicles | 1.4% | 5.3% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Value vs LIC MF Value: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Value Fund | LIC MF Value Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.08% | 1.78% |
| Base expense ratio (Direct) | 0.80% | 0.86% |
| Total expense ratio (Regular) | 1.55% | 3.22% |
| Base expense ratio (Regular) | 1.20% | 2.10% |
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 ICICI Prudential Value with
ICICI Prudential Value Fund vs LIC MF Value Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Value Fund and LIC MF Value Fund?
Both are Value and Contra funds, run by ICICI Prudential Mutual Fund and LIC Mutual Fund. Their portfolios overlap 17.4%. ICICI Prudential Value Fund charges 1.08% a year and LIC MF Value Fund 1.78%.
Which has given higher returns, ICICI Prudential Value Fund or LIC MF Value Fund?
Over 1 year: ICICI Prudential Value Fund −9.65%, LIC MF Value Fund +10.90%. Over 3 years: ICICI Prudential Value Fund +11.45% a year, LIC MF Value Fund +16.07% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Value Fund or LIC MF Value Fund?
ICICI Prudential Value Fund charges less: 1.08% a year against 1.78%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Value Fund and LIC MF Value Fund overlap?
17.4%. They hold 13 of the same securities, the largest shared ones being HDFCBANK, SBIN, NTPC. From each fund's latest monthly portfolio.
Which is riskier, ICICI Prudential Value Fund or LIC MF Value Fund?
On SEBI's riskometer, ICICI Prudential Value Fund is rated Very High and LIC MF Value Fund Very High. Over 3 years, the standard deviation of daily returns was 11.22% and 17.18% a year.
Which is better for SIP, ICICI Prudential Value Fund or LIC MF Value Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,78,253 in ICICI Prudential Value Fund (XIRR 1.4% a year) and ₹4,32,296 in LIC MF Value Fund (XIRR 10.1% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Value Fund and LIC MF Value Fund?
Yes. 17.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ICICI Prudential Value Fund and LIC MF Value Fund?
ICICI Prudential Value Fund: Sankaran Naren, Dharmesh Kakkad, Masoomi Jhurmarvala. LIC MF Value Fund: Mahesh Bendre.
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.