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Value / Contra Fund SEBI Risk: Very High AMC: ICICI Prudential Mutual Fund

ICICI Prudential Value Discovery Fund - Direct Plan - Growth

Benchmark: NIFTY 500 TRI • Manager: Sankaran Naren • Portfolio Date: 2026-09-30
Composite Health Score
89.3/100
INSTITUTIONAL_ALPHA
🔒 Deep Dive

Look-Through Forensics & Audit Narrative

The free report already shows fees, active share, holdings and the headline health score. The Deep Dive opens up what sits underneath the portfolio.

  • Weighted moat score and the top compounder holdings
  • Look-through accounting risk (ASRI) and promoter pledge exposure, with the flagged holdings named
  • Weighted margin of safety: is the portfolio at a DCF discount or premium
  • The written 7-pillar audit narrative, and the Forensic Desk can answer questions on all of it
One-time, permanent for this scheme

01: Dual-Sleeve Constituent Decomposition

Equity holdings evaluated via Forensic Equity Engine; Debt/bonds evaluated via Credit & Solvency Engine.
Equity: 28.8% (Score: 82.0) Debt: 0.0% (Score: 0.0) Cash / TREPS: 19.5%
Identifier Security Name Type Weight Sector / Rating Engine Score Diagnostic Notes
TREPS TREPS Cash Reserve CASH_EQUIVALENT 19.5% CASH 100.0 Liquid Cash / Sovereign Collateral
ICICIBANK ↗ ICICI Bank Ltd EQUITY 8.5% Private Banks 82.0 Verified 7-Pillar Equity Dossier Available
BHARTIARTL ↗ Bharti Airtel Ltd EQUITY 6.2% Telecom 82.0 Verified 7-Pillar Equity Dossier Available
INFY ↗ Infosys Ltd EQUITY 5.5% IT Services 82.0 Verified 7-Pillar Equity Dossier Available
ITC ↗ ITC Ltd EQUITY 4.5% FMCG 82.0 Verified 7-Pillar Equity Dossier Available
SUNPHARMA ↗ Sun Pharmaceutical Ind EQUITY 4.1% Pharmaceuticals 82.0 Verified 7-Pillar Equity Dossier Available

02: True Diversification & Active Share

Exposing Closet Indexing: Active Share AS = 0.5 × ∑|w_fund - w_bench|
Active Share Score
74.0%
TRUE_ACTIVE_ALPHA

High Active Share: Portfolio significantly deviates from the passive benchmark, justified active fee.

Top 10 Holdings Concentration: 48.3%

03 & 04: Risk-Adjusted Alpha & Downside Capture

Evaluating asymmetrical compounding: Downside Capture Ratio vs Upside Capture Ratio.
Sortino Ratio
2.05
Downside Risk Only
Downside Capture
63.0%
Benchmark: ≤ 75%
Capture Spread
+41.0%
UCR (104.0%) - DCR
Hurst Exponent (H)
0.65
Persistent Momentum
3-Year Rolling Return Consistency: 84.0% of windows

05: Intermediary Fee Drag & Wealth Destruction

Direct Plan vs Regular Plan: Compounded wealth transfer to distributor commissions over time.
Annual Distributor Commission Drag
80.0 bps / yr (1.58% - 0.78%)
Time Horizon Direct Plan Value (Net) Regular Plan Value (Net) Cumulative Wealth Lost Percentage Corpus Destroyed
5 Years ₹1,701,823 ₹1,641,492 -₹60,331 3.5%
10 Years ₹2,896,202 ₹2,694,495 -₹201,707 7.0%
15 Years ₹4,928,825 ₹4,422,992 -₹505,833 10.3%
20 Years ₹8,387,988 ₹7,260,305 -₹1,127,683 13.4%

💡 Fiduciary Takeaway: A ₹10.0 Lakh investment loses ₹201,707 over 10 years purely to distributor commissions in the Regular plan.

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