The growth corresponds to a 20.1% compounded annual return, compared with the Nifty 50 TRI, where the same lump sum would have risen to about ₹2.1 crore.
A ₹10,000 monthly SIP since inception—totalling ₹25.5 lakh—would be worth ₹2.4 crore as of October 31, 2025. A similar SIP in the benchmark would have resulted in around ₹1.2 crore.
Over the past one and three years, the scheme has also outperformed its benchmark by 2% and 4.8%, respectively.
Portfolio positioning
The fund invests across market caps and follows a benchmark-agnostic sector selection framework. As of October 31, 2025, it remained overweight software, pharmaceuticals, healthcare and banking, while holding lower exposure to cement, internet, retail and metals.
About 87% of the portfolio was in large-cap stocks, with the rest spread across mid- and small-cap companies.
What the fund manager says
With domestic and global indices trending near highs, fund manager and ICICI Prudential AMC CIO Sankaran Naren said investors typically face two choices—stick to asset allocation or consider value strategies.
He added that under-owned sectors and temporary market dislocations often create entry points for patient investors. He also noted that quality stocks offer relatively better value at this stage.
Caution for investors
Despite the strong long-term performance, market analysts point out that value funds can see prolonged periods of underperformance, especially when momentum or growth-led rallies dominate. Returns can vary sharply depending on the entry point, and past performance does not guarantee similar outcomes.
