HDFC Value Fund vs ICICI Prudential Value Fund (erstwhile Value Discovery Fund)
Over the last 3 years, HDFC Value Fund returned 17.2% a year against 13.9% for ICICI Prudential Value Fund (erstwhile Value Discovery Fund) (Direct plans). In falling months, ICICI Prudential Value Fund (erstwhile Value Discovery Fund) fell less: 63% of the index's fall, against 92%. HDFC Value Fund leans more to smaller companies (18% in small caps against 8%), so expect bigger swings both ways. They hold 20 stocks in common; the portfolio overlap is 37%. Data as of 12 Nov 2026.
| HDFC Value Fund | ICICI Prudential Value Fund (erstwhile Value Discovery Fund) | |
|---|---|---|
| Category | Value / Contra | Value / Contra |
| Fund house | HDFC Mutual Fund | ICICI Prudential Mutual Fund |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| Age | 13.9 years | 13.9 years |
| AUM on 30 Oct 2026 | ₹8,033 cr | ₹57,762 cr |
| Direct plan | ||
| Rating | A | C |
| Expense ratio | 1.09% | 1.06% |
| 1Y return | 7.1% | -2.7% |
| 3Y return (a year) | 17.2% | 13.9% |
| 5Y return (a year) | 13.5% | 14.2% |
| 3Y vs index | +4.9% | +1.6% |
| Rating score, rank | 69 · #5 of 23 | 39 · #18 of 23 |
| Regular plan | ||
| Rating | A | C |
| Expense ratio | 1.87% | 1.52% |
| 1Y return | 6.2% | -3.1% |
| 3Y return (a year) | 16.2% | 13.3% |
| 5Y return (a year) | 12.5% | 13.6% |
| 3Y vs index | +4.0% | +1.0% |
| Rating score, rank | 68 · #5 of 24 | 41 · #18 of 24 |
| Consistency, risk and portfolio | ||
| Ahead of index, rolling 3Y periods | 100% | 100% |
| Deepest fall, 3Y | -18.2% | -14.0% |
| Volatility, 3Y | 14.2% | 11.8% |
| Max fall, 5Y | -18.4% | -14.0% |
| Down capture, 3Y | 92 | 63 |
| Stocks held | 81 | 60 |
| Top 10 holdings | 31% | 51% |
| Large / mid / small caps | 57 / 23 / 18% | 83 / 6 / 8% |
| Largest sector | Banks | Banks |
Common questions
HDFC Value Fund or ICICI Prudential Value Fund (erstwhile Value Discovery Fund): which is better?
On our track-record ratings (Direct plans), HDFC Value Fund is rated A and ICICI Prudential Value Fund (erstwhile Value Discovery Fund) is rated C, each against its own category. Ratings describe the record so far and are not a forecast; which suits you depends on your goal and the funds you already hold.
HDFC Value Fund or ICICI Prudential Value Fund (erstwhile Value Discovery Fund): which has done better?
Over the last 3 years, HDFC Value Fund returned 17.2% a year against 13.9% for ICICI Prudential Value Fund (erstwhile Value Discovery Fund) (Direct plans).
How much do HDFC Value Fund and ICICI Prudential Value Fund (erstwhile Value Discovery Fund) overlap?
They hold 20 stocks in common; the portfolio overlap is 37%.
Should I hold both?
Two funds with a high overlap add little diversification. Check how they fit your goal and the rest of your portfolio; we can help.
More comparisons
Top-rated value / contra funds this month · All value / contra funds
Past performance does not guarantee future returns. This comparison is not a recommendation to buy or sell either fund.
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