Icici Prudential Value Fund Review: Plans, NAV, Returns and Portfolio Analysis 2026

Offered as part of ICICI Prudential Mutual Fund's open-ended fund lineup, Icici Prudential Value Fund sits in the open-ended fund category and targets investors with a risk appetite and time horizon that match its mandate. The fund currently provides 66 active scheme codes, giving investors a choice across Direct and Other Plans and Growth, IDCW. Whether you are looking to reduce cost through a Direct Plan or want periodic payouts via an IDCW option, this scheme has a configuration worth exploring.

This review breaks down the key metrics for Icici Prudential Value Fund: NAV figures across all variants, how the Direct and Regular Plan expense ratios compare, what the returns picture looks like, and which type of investor this scheme is built for. All figures reflect publicly available data as of August 2026.

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Icici Prudential Value Fund: All Plans and Options

Here is a full reference of all active scheme codes under Icici Prudential Value Fund. The Direct Plan cuts out distributor commission, lowering the expense ratio versus the Regular Plan. IDCW options distribute available surplus periodically while Growth options compound it back into the NAV.

Scheme Code	Plan	Option	ISIN	NAV (Rs)	Date
124842	Direct Plan	IDCW	INF109KB1J57	11.43	31-Dec-2018
140433	Direct Plan	Growth	INF109KB1M03	12.32	13-Jan-2020
140436	Direct Plan	IDCW	INF109KB1M11	10.91	13-Jan-2020
140502	Direct Plan	Growth	INF109KB1M86	13.54	29-Jan-2020
140503	Direct Plan	IDCW	INF109KB1M94	11.69	29-Jan-2020
141108	Direct Plan	IDCW	INF109KB1X91	12.21	05-Jan-2021
141286	Direct Plan	IDCW	INF109KB13C8	11.95	04-Jan-2021
141559	Direct Plan	Growth	INF109KB18J2	12.99	02-Feb-2021
141427	Direct Plan	IDCW	INF109KB19J0	12.39	02-Feb-2021
141604	Direct Plan	Growth	INF109KB18S3	13.18	04-Feb-2021
141602	Direct Plan	IDCW	INF109KB19S1	12.7	04-Feb-2021
141678	Direct Plan	Growth	INF109KB17T3	12.93	02-Mar-2021
141679	Direct Plan	IDCW	INF109KB18T1	12.32	02-Mar-2021
141788	Direct Plan	Growth	INF109KB19V5	13.36	09-Apr-2021
141787	Direct Plan	IDCW	INF109KB10W2	13.04	09-Apr-2021
141882	Direct Plan	Growth	INF109KB13Y2	15.23	17-May-2021
141880	Direct Plan	IDCW	INF109KB14Y0	14.87	17-May-2021
142072	Direct Plan	Growth	INF109KB18Z8	14.94	24-Jun-2021
142073	Direct Plan	IDCW	INF109KB19Z6	14.94	24-Jun-2021
125410	Direct Plan	IDCW	INF109KB1L38	11.51	31-Dec-2018
142289	Direct Plan	Growth	INF109KC1358	13.78	22-Jul-2021
142291	Direct Plan	IDCW	INF109KC1366	13.78	22-Jul-2021
127628	Direct Plan	IDCW	INF109KA1OE5	11.48	25-Mar-2019
129234	Direct Plan	Growth	INF109KA1TR6	22.23	08-May-2019
129228	Direct Plan	IDCW	INF109KA1TS4	10.82	08-May-2019
130988	Direct Plan	Growth	INF109KA1J26	15.46	12-Feb-2019
130986	Direct Plan	IDCW	INF109KA1J34	11.26	12-Feb-2019
134189	Direct Plan	Growth	INF109KB1573	13.25	28-Jun-2018
134190	Direct Plan	IDCW	INF109KB1581	10.43	28-Jun-2018
134657	Direct Plan	IDCW	INF109KB1EW7	10.98	11-Jun-2018
135035	Direct Plan	IDCW	INF109KC1JK0	10.88	24-Aug-2020
140031	Direct Plan	Growth	INF109KB1I41	12.6	01-Nov-2019
140032	Direct Plan	IDCW	INF109KB1I58	10.85	01-Nov-2019
124843	Other Plan	IDCW	INF109KB1J40	10.42	31-Dec-2018
140435	Other Plan	Growth	INF109KB1L87	11.89	13-Jan-2020
140434	Other Plan	IDCW	INF109KB1L95	10.5	13-Jan-2020
140500	Other Plan	Growth	INF109KB1M60	13.09	29-Jan-2020
140501	Other Plan	IDCW	INF109KB1M78	11.27	29-Jan-2020
141110	Other Plan	IDCW	INF109KB1X75	11.68	05-Jan-2021
141285	Other Plan	IDCW	INF109KB11C2	11.46	04-Jan-2021
141558	Other Plan	Growth	INF109KB16J6	12.39	02-Feb-2021
141426	Other Plan	IDCW	INF109KB17J4	11.81	02-Feb-2021
141601	Other Plan	Growth	INF109KB16S7	12.7	04-Feb-2021
141603	Other Plan	IDCW	INF109KB17S5	12.39	04-Feb-2021
141677	Other Plan	Growth	INF109KB15T7	12.52	02-Mar-2021
141676	Other Plan	IDCW	INF109KB16T5	12.01	02-Mar-2021
141790	Other Plan	Growth	INF109KB11W0	12.9	09-Apr-2021
141789	Other Plan	IDCW	INF109KB12W8	12.59	09-Apr-2021
141879	Other Plan	Growth	INF109KB11Y6	14.75	17-May-2021
141881	Other Plan	IDCW	INF109KB12Y4	14.41	17-May-2021
142071	Other Plan	Growth	INF109KB16Z2	14.45	24-Jun-2021
142074	Other Plan	IDCW	INF109KB17Z0	14.45	24-Jun-2021
125411	Other Plan	IDCW	INF109KB1L20	10.48	31-Dec-2018
142288	Other Plan	Growth	INF109KC1333	13.43	22-Jul-2021
142290	Other Plan	IDCW	INF109KC1341	13.43	22-Jul-2021
127629	Other Plan	IDCW	INF109KA1OD7	10.49	25-Mar-2019
129229	Other Plan	IDCW	INF109KA1TQ8	10.17	08-May-2019
129235	Other Plan	Growth	INF109KA1TP0	21.15	08-May-2019
130987	Other Plan	Growth	INF109KA1J00	14.71	12-Feb-2019
130985	Other Plan	IDCW	INF109KA1J18	10.59	12-Feb-2019
134192	Other Plan	Growth	INF109KB1557	12.66	28-Jun-2018
134191	Other Plan	IDCW	INF109KB1565	9.96	28-Jun-2018
134656	Other Plan	IDCW	INF109KB1EU1	10.51	11-Jun-2018
135036	Other Plan	IDCW	INF109KC1JJ2	10.17	24-Aug-2020
140029	Other Plan	Growth	INF109KB1I25	12.27	01-Nov-2019
140030	Other Plan	IDCW	INF109KB1I33	10.53	01-Nov-2019

Investment Objective and What the Fund Holds

The mandate of Icici Prudential Value Fund is to achieve the scheme's stated investment objective as per its SEBI category mandate. In practice, the portfolio holds a portfolio structured to the scheme's mandate.

SEBI's category rules mean the fund cannot stray significantly from this structure without approval, which gives investors a predictable sense of what they own. That predictability is especially useful when comparing this scheme against peers in the same category.

Performance and Returns

Returns for Icici Prudential Value Fund are best assessed across at least a full market cycle rather than over six or twelve months, since short-term numbers can be distorted by rate moves or equity swings. The Direct Plan version of the fund typically delivers a slightly higher return than the Regular Plan, driven entirely by the lower expense ratio rather than any difference in the underlying portfolio.

Between the Growth and IDCW options, the Growth variant builds NAV by reinvesting all gains. The IDCW variant distributes whatever surplus is available at the chosen frequency, which means its NAV grows more slowly on paper even though the underlying portfolio generates the same return. This distinction matters for tax planning: IDCW payouts are taxed as income, while Growth option gains are treated as capital gains.

Direct Plan vs Regular Plan

Choosing between the two plans comes down to one question: do you want an advisor or distributor to help manage your investment? If yes, the Regular Plan of Icici Prudential Value Fund makes sense, and its expense ratio will reflect the distributor's fee. If you are comfortable transacting directly with the AMC or through a registered investment advisor, the Direct Plan offers the same portfolio at a lower cost.

Over a decade, even a 0.5 percentage point difference in annual expense compounds meaningfully. Investors who switch from Regular to Direct Plan mid-way lose some of that benefit, so the decision is worth thinking through carefully at the outset.

Expense Ratio and Exit Load

Running costs for Icici Prudential Value Fund are deducted from the scheme's assets on a daily basis before the NAV is published. Investors do not pay these separately; the deduction simply means the NAV grows slightly more slowly than the gross portfolio return. The lower the expense ratio, the more of the portfolio's return the unit holder actually keeps.

Always check the latest scheme information document or the AMC website for the current expense ratio and exit load before transacting. Both can be revised by the AMC with prior notice to unit holders, and the figures in a factsheet from six months ago may not reflect today's structure.

Who Should Consider Icici Prudential Value Fund

Long-term investors with matching risk appetite. Icici Prudential Value Fund suits those whose risk tolerance and time horizon align with the open-ended fund category.

Cost-conscious investors. The Direct Plan variant carries a meaningfully lower expense ratio than the Regular Plan for investors comfortable transacting independently.

Diversified portfolio builders. Icici Prudential Value Fund can complement other asset class holdings across a balanced portfolio.

Key Risks Before You Invest

Market risk. Being market-linked, the NAV can fall during equity or credit market downturns.

Tracking error. Passively managed index variants may deviate from their benchmark due to costs and rebalancing timing.

Concentration risk. A sector or factor tilt in the mandate can cause disproportionate impact if that segment underperforms.

How to Get Started with Icici Prudential Value Fund

Pick your variant first: Direct or Regular Plan, and Growth or IDCW option. Then confirm your KYC is active. First-time mutual fund investors need to complete KYC online through a SEBI-registered intermediary or the AMC's portal before any investment can be processed.

Once KYC is sorted, you can invest in Icici Prudential Value Fund as a lump sum or via a Systematic Investment Plan. SIP contributions spread purchases across market levels, which is particularly useful for equity and hybrid categories where entry timing matters less over a long horizon.

After investing, set a quarterly calendar reminder to review the fund's latest factsheet. Check whether the NAV trajectory aligns with the category benchmark, and confirm the portfolio allocation has not drifted outside the expected range.

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Conclusion

With 66 plan and option variants and a representative NAV of Rs 11.43 as on 31-Dec-2018, The fund gives investors meaningful flexibility to align cost structure and payout preference with their specific situation. The as specified in the riskometer risk rating reflects the category mandate, and the gap between Direct and Regular Plan expense ratios rewards those who choose to transact independently. Review the latest scheme information document and consult a SEBI-registered advisor before committing.

Frequently Asked Questions on Icici Prudential Value Fund

What is the current NAV of Icici Prudential Value Fund?

Ans. The current NAV of the fund for the Direct Growth option is Rs 11.43 as on 31-Dec-2018. NAV updates at the close of each business day.

How many plans and options does Icici Prudential Value Fund offer?

Ans. The fund offers 66 scheme codes covering Direct and Other Plans and Growth, IDCW.

What is the investment objective of Icici Prudential Value Fund?

Ans. The fund aims to achieve the scheme's stated investment objective as per its SEBI category mandate, holding a portfolio structured to the scheme's mandate.

What is the risk level of Icici Prudential Value Fund?

Ans. The fund carries a as specified in the riskometer risk rating on the SEBI riskometer scale, reflecting its open-ended fund mandate.

Should I choose the Growth or IDCW option in Icici Prudential Value Fund?

Ans. Growth suits investors focused on long-term accumulation since gains compound back into the NAV. IDCW suits those who need periodic cash flow from the investment, with the understanding that payouts depend on distributable surplus and are not guaranteed.

What is the difference between the Direct and Regular Plan in Icici Prudential Value Fund?

Ans. The Direct Plan carries a lower expense ratio than the Regular Plan since it excludes distributor commission. Over long horizons, this cost difference compounds and can noticeably affect the final corpus.

What is the exit load on Icici Prudential Value Fund?

Ans. Exit load terms can vary and are revised periodically by AMCs. Check the latest scheme information document before redeeming.

Is Icici Prudential Value Fund suitable for SIP investment?

Ans. Yes. The fund can be invested through a Systematic Investment Plan, which spreads purchases across market levels and is especially useful for equity and hybrid categories with longer investment horizons.