Mutual Fund Turns ₹10 Lakh into ₹4.85 Crore in 21 Years: ICICI Prudential Value Fund Delivers Nearly 50x Growth

With bank interest rates remaining low, investors are increasingly looking for alternative avenues to grow their money. One such avenue that has delivered exceptional returns over the long term is the ICICI Prudential Value Fund.

If an investor had put ₹10 lakh into this fund 21 years ago, their investment would have grown to approximately ₹4.85 crore as of 31 October 2025—a nearly 50-fold increase. This represents a CAGR (Compound Annual Growth Rate) of 20.1%. In comparison, the same amount invested in the Nifty 50 TRI over the same period would have grown to around ₹2.1 crore.

Impressive SIP Performance

The fund has also performed exceptionally well for Systematic Investment Plan (SIP) investors. A monthly SIP of ₹10,000 since inception would have grown to ₹2.4 crore, even though the total investment was only ₹25.5 lakh. In contrast, the same SIP in the Nifty 50 TRI would have yielded around ₹1.2 crore.

Fund Performance and Strategy

ICICI Prudential Value Fund is one of India’s most popular equity funds. The fund is known for top-tier performance across various market cycles, often outperforming its benchmark. In the last one year and three years, it has outpaced its benchmark by 2% and 4.8%, respectively.

The fund has the flexibility to invest across large-cap, mid-cap, and small-cap stocks, without strictly following sectoral benchmarks. Currently, it is heavily invested in software, pharma-healthcare, and banking sectors, while exposure to cement, internet, retail, and metals is relatively lower. As of 31 October 2021, 87% of the fund’s portfolio was in large-cap stocks, with the remainder spread across mid and small caps.

The fund is managed by S. Naren, who also serves as the Executive Director and Chief Investment Officer (CIO) of ICICI Prudential Mutual Fund.

With such stellar long-term performance, this fund continues to attract investors seeking wealth creation over extended periods, making it a standout option in India’s equity mutual fund space.