ICICI Prudential Value Fund (erstwhile Value Discovery Fund) vs Nippon India Value Fund
Value Fund · Direct Plan – Growth · Compared on official AMFI NAV data · NAVs as of 13-Jul-2026
| Metric | ICICI Prudential Value Fund (erstwhile Value Discovery Fund) | Nippon India Value Fund |
|---|---|---|
| Latest NAV | ₹514.07 | ₹250.23 |
| 1-Year Return | -1.18% | +0.13% |
| 3-Year Return (CAGR) | +17.18% | +19.57% |
| 5-Year Return (CAGR) | N/A | N/A |
| Volatility (1Y, annualised) | 11.2% | 14.1% |
| Max Drawdown | −14.0% | −17.6% |
| Fund House | ICICI Prudential Mutual Fund | Nippon India Mutual Fund |
Growth of ₹10,000
If you had invested ₹10,000 in each fund
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ICICI Prudential Value Fund (erstwhile Value Discovery Fund) vs Nippon India Value Fund: which is better?
ICICI Prudential Value Fund (erstwhile Value Discovery Fund) and Nippon India Value Fund are both value fund mutual funds (direct plan, growth option). This comparison uses each fund's official AMFI NAV history — the same daily data the fund houses publish — to compare returns, volatility and drawdowns side by side.
On 3-year returns (annualised), Nippon India Value Fund leads with +19.57% against +17.18% — a gap of about 2.39 percentage points per year over that period.
ICICI Prudential Value Fund (erstwhile Value Discovery Fund) has been the steadier fund over the past year, with annualised volatility of 11.2% versus 14.1%. Looking at worst falls, ICICI Prudential Value Fund (erstwhile Value Discovery Fund)'s deepest drawdown in the stored history is −14.0% against −17.6% for Nippon India Value Fund.
Which fund suits you depends on your horizon and appetite for swings: the higher-return fund is only the better pick if you can hold through its rougher months. Use the ₹10,000 growth chart above to see how each fund actually behaved through market cycles, and consider consulting a SEBI-registered adviser before investing. This comparison is informational, not investment advice.
Key takeaways
- Nippon India Value Fund has delivered higher 3-year returns (+19.57% vs +17.18%).
- ICICI Prudential Value Fund (erstwhile Value Discovery Fund) has shown lower volatility over the trailing year.
- ICICI Prudential Value Fund (erstwhile Value Discovery Fund) has had the shallower maximum drawdown (−14.0%).
Frequently Asked Questions
Which fund has given higher returns — ICICI Prudential Value Fund (erstwhile Value Discovery Fund) or Nippon India Value Fund?
Over the past 3 year period, Nippon India Value Fund has delivered higher returns: +19.57% versus +17.18% annualised. Past performance does not guarantee future results.
Which fund is less risky — ICICI Prudential Value Fund (erstwhile Value Discovery Fund) or Nippon India Value Fund?
Based on the trailing year, ICICI Prudential Value Fund (erstwhile Value Discovery Fund) has shown lower day-to-day volatility (ICICI Prudential Value Fund (erstwhile Value Discovery Fund): 11.2%, Nippon India Value Fund: 14.1% annualised). Volatility and drawdowns describe past behaviour, not future safety — both funds carry the market risk of their category.
Can I invest in both ICICI Prudential Value Fund (erstwhile Value Discovery Fund) and Nippon India Value Fund?
Yes — many investors split a SIP across two funds. If both funds are from the same category, remember they will hold overlapping stocks, so diversification benefits may be smaller than they appear. Check each scheme's portfolio before doubling up within one category.
More Value Fund comparisons
Returns, volatility and drawdowns are computed from official AMFI NAV history for direct-growth plans and may differ slightly from fund-house factsheets due to date conventions. Mutual fund investments are subject to market risks. This comparison is for informational purposes only — not investment advice.