ICICI Prudential Multi Cap Fund
This is the Direct plan of ICICI Prudential Multi Cap Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
Performance
Scorecard
★★★☆☆3/5 vs 22 of 32 Multi Cap Fund peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Multi Cap Fund (same plan and option). 22 of the 32 Multi Cap Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +14.31% · ranks 9 of 22 Multi Cap Funds
Volatility 14.0% vs 14.9% category avg
1.0% expense vs 1.1% category avg
98% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- 5-year return (+13.52%) beats the Multi Cap Fund average (+12.97%)
- Stronger risk-adjusted returns — Sharpe 0.56 vs 0.48 Multi Cap Fund average
- Low expense ratio (1.01%) vs the Multi Cap Fund average of 1.15%
- Consistent — positive in 98% of rolling 3-year windows
Concerns
- Trails the Multi Cap Fund average on 1M/3M/6M — 1Y by 0.41pp
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Multi Cap Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -6.38% | -4.15% | -2.23% |
| 3M abs | -4.94% | -1.30% | -3.64% |
| 6M abs | +11.19% | +14.32% | -3.13% |
| 1Y CAGR | +3.67% | +4.08% | -0.41% |
| 3Y CAGR | +14.31% | +13.86% | +0.45% |
| 5Y CAGR | +13.52% | +12.97% | +0.55% |
Category average across peers in Multi Cap Fund (up to 32 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 32 peers in Multi Cap Fund
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into ICICI Prudential Multi Cap Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | Nifty 500 TRI | Diff | |
|---|---|---|---|---|
| 2026part | +1.08% | -7.18% | +8.26% | |
| 2025 | +6.56% | +7.94% | -1.38% | |
| 2024 | +21.69% | +16.43% | +5.26% | |
| 2023 | +36.48% | +27.43% | +9.05% | |
| 2022 | +5.61% | +4.34% | +1.27% | |
| 2021 | +37.62% | +31.59% | +6.03% | |
| 2020 | +10.27% | +18.33% | -8.06% | |
| 2019 | +7.01% | +8.95% | -1.94% | |
| 2018 | +1.20% | -2.33% | +3.53% | |
| 2017 | +29.57% | +37.35% | -7.78% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.
Taxation
Taxed as equityThis is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.
Flat, on the whole gain
On gains above ₹1.25 L per financial year
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Equity97.98%
- Cash & Equivalents2.02%
AMC Profile
ICICI Prudential Mutual Fund is a joint venture between ICICI Bank and Prudential plc of the UK, in business since 1993. It is among India's largest houses by assets and runs one of the industry's widest scheme line-ups across equity, debt and hybrid.
Fund Managers
LKLalit KumarManaging since 29 Aug 2025
Senior Fund Manager – MF Equity
PGDM – Indian Institute of Management, Calcutta (2010), B.Tech in Electrical Engineering – Indian Institute of Technology, Kanpur (2006) and Chartered Financial Analyst (CFA) (Level II)
He joined ICICI Prudential Asset Management Company Limited in May 2017 as a Senior Manager and has over 15 years of work experience. Past Experience: ~ East Bridge Advisors Pvt. Ltd – Equity Research Analyst - July 2015 to April 2017. ~ Nomura Financial Advisory & Securities – Equity Research - June 2010 to July 2015. ~ Merrill Lynch – Intern - April 2009 to June 2009. ~ Cypress Semiconductors – Senior Design Engineer - August 2006 to May 2008.
SDSharmila D'silvaManaging since 08 Aug 2022
Fund Manager – MF Equity
Over 8 years
CA and Bachelor of Commerce in Accounting and Finance (BAF)
Sharmila D’silva is associated with ICICI in Prudential Asset Management Company Limited from September 2016. She is involved in economics research, strategy research and business cycle research.
- ICICI Prudential Banking & Financial Services Fund
- ICICI Prudential Bharat Consumption Fund
- ICICI Prudential Business Cycle Fund
- ICICI Prudential Commodities Fund
- ICICI Prudential Equity Savings Fund
- ICICI Prudential Exports & Services Fund
- ICICI Prudential Flexi Cap fund
- ICICI Prudential FMCG Fund
- ICICI Prudential Global Advantage Fund (FOF)
- ICICI Prudential Global Stable Equity Fund (FOF)
- ICICI PRUDENTIAL HOUSING OPPORTUNITIES FUND
- ICICI Prudential India Opportunities Fund
- ICICI Prudential Infrastructure Fund
- ICICI Prudential Innovation Fund
- ICICI Prudential Large & Mid Cap Fund
- ICICI Prudential Large Cap Fund (erstwhile Bluechip Fund)
- ICICI Prudential Manufacturing Fund
- ICICI Prudential MNC Fund
- ICICI Prudential Quality Fund
- ICICI Prudential QUANT FUND
- ICICI Prudential Rural Opportunities Fund
- ICICI Prudential Small Cap Fund
- ICICI Prudential Strategic Metal and Energy Equity Fund of Fund
- ICICI Prudential Technology Fund
- ICICI Prudential US Bluechip Equity Fund
- ICICI Prudential Value Fund (erstwhile Value Discovery Fund)
- ICICI Prudential Active Momentum Fund - Direct Plan - Growth
- ICICI PRUDENTIAL ENERGY OPPORTUNITIES FUND - Direct Plan - Growth
- ICICI Prudential Equity - Arbitrage Fund-Institutional Growth Option
- ICICI Prudential Equity Minimum Variance Fund - Direct Plan - Growth
- ICICI Prudential Multi-Asset Fund- Institutional Growth Option
- ICICI Prudential NASDAQ 100 Index Fund - Direct Plan - Growth
- ICICI Prudential Passive Multi-Asset Fund of Funds - Direct Plan - Growth
Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Multi Cap funds
Multi cap funds must hold at least 25% each in large, mid and small-cap stocks at all times. The fixed minimums give more mid- and small-cap exposure than a flexi cap, and usually more volatility.
From the blog
Frequently asked questions
What is the NAV of ICICI Prudential Multi Cap Fund?
As of 05 Oct 2026, the NAV of ICICI Prudential Multi Cap Fund is ₹912.41 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has ICICI Prudential Multi Cap Fund delivered?
ICICI Prudential Multi Cap Fund has returned +3.67% over 1 year, +14.31% per year over 3 years, +13.52% per year over 5 years and +15.63% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of ICICI Prudential Multi Cap Fund?
ICICI Prudential Multi Cap Fund charges an expense ratio of 1.01% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of ICICI Prudential Multi Cap Fund?
ICICI Prudential Multi Cap Fund's largest holdings are Vedanta Aluminium Metal Ltd. (2.9%), Apar Industries Ltd. (2.7%), BSE Ltd. (2.6%), Ultratech Cement Ltd. (2.5%) and Jindal Steel Ltd. (2.4%). Holdings are disclosed monthly and change over time.
How risky is ICICI Prudential Multi Cap Fund?
ICICI Prudential Multi Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.0% and its worst peak-to-trough fall in our sample was -38.9%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of 0.56 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Multi Cap Fund's 0.56 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of ICICI Prudential Multi Cap Fund?
ICICI Prudential Multi Cap Fund is benchmarked against the Nifty500 Multicap 50:25:25 TRI. Its alpha and beta on this page are measured against that index.
Who manages ICICI Prudential Multi Cap Fund?
ICICI Prudential Multi Cap Fund is managed by Lalit Kumar and Sharmila D'silva at ICICI Prudential.
How is ICICI Prudential Multi Cap Fund taxed?
ICICI Prudential Multi Cap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.