DebtMedium Duration FundDirectGrowthModerate

ICICI Prudential Medium Term Fund

Q: What is the NAV of ICICI Prudential Medium Term Fund?

As of 05 Oct 2026, the NAV of ICICI Prudential Medium Term Fund is ₹53.75 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has ICICI Prudential Medium Term Fund delivered?

ICICI Prudential Medium Term Fund has returned +6.60% over 1 year, +8.34% per year over 3 years, +7.34% per year over 5 years and +8.45% 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.

Q: What is the expense ratio of ICICI Prudential Medium Term Fund?

ICICI Prudential Medium Term Fund charges an expense ratio of 0.73% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of ICICI Prudential Medium Term Fund?

ICICI Prudential Medium Term Fund's largest holdings are EMBASSY OFFICE PARKS REIT (3.6%), Adani Enterprises Ltd. (3.2%), Government Securities (3.2%), Vedanta Ltd. (3.1%) and JTPM Metal Traders Ltd. (3.0%). Holdings are disclosed monthly and change over time.

Q: How risky is ICICI Prudential Medium Term Fund?

ICICI Prudential Medium Term Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.2% and its worst peak-to-trough fall in our sample was -5.1%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 1.48 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Medium Term Fund's 1.48 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of ICICI Prudential Medium Term Fund?

ICICI Prudential Medium Term Fund is benchmarked against the NIFTY Medium Duration Debt Index A-III. Its alpha and beta on this page are measured against that index.

Q: Who manages ICICI Prudential Medium Term Fund?

ICICI Prudential Medium Term Fund is managed by Manish Banthia and Akhil Kakkar at ICICI Prudential.

Q: How is ICICI Prudential Medium Term Fund taxed?

ICICI Prudential Medium Term Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.

ICICI Prudential Mutual Fund · Best Medium Duration Mutual Funds

NAV

₹53.75

+0.08% 1D

as of 05 Oct 2026

This is the Direct plan of ICICI Prudential Medium Term 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.

Compare SIP calculator

NAV history

+6.55%absolute

52-week rangePrev NAV ₹53.71

Latest ₹53.75

Low ₹50.4596th percentile of its 52-week rangeHigh ₹53.90

Scorecard

★★★★★5/5 vs 12 Medium Duration 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 Medium Duration Fund (same plan and option).

PerformanceStrong

3Y CAGR +8.34% · ranks 3 of 12 Medium Duration Funds

RiskModerate

Volatility 1.2% vs 1.4% category avg

CostAverage

0.7% expense vs 0.7% category avg

ConsistencyHigh

100% 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

1-year return (+6.60%) beats the Medium Duration Fund average (+5.38%)
3-year return (+8.34%) beats the Medium Duration Fund average (+7.72%)
Ranks #2 of 12 on 1-year return in its Medium Duration Fund cohort
Stronger risk-adjusted returns — Sharpe 1.48 vs 0.82 Medium Duration Fund average
Consistent — positive in 100% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.73%

Category 0.68%▲0.05%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

1.48

Category 0.82▲0.66

Scheme Info

Definitions

Plan

Direct · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

If units purchased or switched in from another scheme of the Fund are redeemed or switched out up to 10% of the units (the limit) purchased or switched within 1 year from the date of allotment – Nil If units purchased or switched in from another scheme of the Fund are redeemed or switched out in excess of the limit within 1 year from the date of allotment - 1% of the applicable NAV If units purcha

Up to 1.00%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹1,000

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

NIFTY Medium Duration Debt Index A-III

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

24 Jan 2013

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-0.13%

Absolute return over the last 3 months (not annualized)

+0.57%

Absolute return over the last 6 months (not annualized)

+4.22%

Absolute return since 1 Jan of this year (not annualized)

+4.77%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+6.60%

3-year annualized return (CAGR)

+8.34%

5-year annualized return (CAGR)

+7.34%

10-year annualized return (CAGR)

+7.80%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+8.45%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

1.24%

Excess return per unit of total volatility (rf = 6.5%)

1.48

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

2.19

Largest peak-to-trough decline over full history

-5.14%

Benchmark ratios

Not shown for Medium Duration Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Medium Duration Fund)

Period	Fund	Category avg.	Diff
1M abs	-0.13%	-0.23%	+0.10%
3M abs	+0.57%	+0.34%	+0.23%
6M abs	+4.22%	+3.64%	+0.58%
1Y CAGR	+6.60%	+5.38%	+1.22%
3Y CAGR	+8.34%	+7.72%	+0.62%
5Y CAGR	+7.34%	+6.96%	+0.38%

Category average across peers in Medium Duration Fund (up to 11 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 11 peers in Medium Duration Fund

1Y return

+6.60%

Beats 90.9% · rank #2

3Y return

+8.34%

Beats 81.8% · rank #3

5Y return

+7.34%

Beats 90% · rank #2

Sharpe

1.48

Beats 81.8% · rank #3

Sortino

2.19

Beats 81.8% · rank #3

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.29L

Absolute

+21.49%

XIRR

+7.97%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into ICICI Prudential Medium Term 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
2026part	+4.77%
2025	+9.66%
2024	+8.71%
2023	+7.72%
2022	+4.88%
2021	+6.26%
2020	+11.10%
2019	+9.89%
2018	+5.95%
2017	+7.46%

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.

History points

3,304

Expense ratio

0.73%

YTM (from holdings)

8.32%

Average maturity

5.83 years

Exit load

Taxation

Taxed as debt

This is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

Pick your slab to see the rate that applies to you.

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.

Peer comparison · Medium Duration Fund

Compare all


ICICI Prudential Medium Term FundThis fund ICICI Prudential · Direct · Growth	★★★★★	+6.60%	+8.34%	+7.34%	—	0.73%	—
Aditya Birla Sun Life Medium Term Fund Aditya Birla Sun Life · Direct · Growth	★★★★★	+8.35%	+10.51%	+12.65%	—	0.83%	₹3,126Cr
Kotak Medium Term Fund Kotak Mahindra · Direct · Growth	★★★☆☆	+6.14%	+8.86%	+7.33%	—	0.67%	₹1,821Cr
Axis Medium Term Fund Axis · Direct · Growth	★★★★☆	+6.19%	+8.28%	+7.29%	—	0.71%	—
HDFC Medium Term Fund HDFC · Direct · Growth	★★★★☆	+6.12%	+7.80%	+6.74%	—	0.70%	—
SBI Medium Term Fund SBI · Direct · Growth	★★★☆☆	+6.12%	+7.67%	+6.76%	—	0.72%	—

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt87.19%
Real Estate / REITs9.37%
Cash & Equivalents3.08%
Other0.36%

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-5.1%06 Jun 2013 → 19 Aug 2013
Fell over 2 months, back to the old high on 27 Nov 2013 — 3 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

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.

Launched

11 Oct 1993

Total AUM

₹11,14,544Cr+1.0% QoQ

Avg AUM · April - June 2026

Website

icicipruamc.com

Fund Managers

MBManish BanthiaManaging since 07 Nov 2016

Role

Chief Investment Officer - Fixed Income

Education

Chartered Accountant, MBA and B.Com

Experience

Mr. Manish Banthia is the Chief Investment Officer for the Fixed Income Investments. He is associated with ICICI Prudential Asset Management Company Limited since October 2005. He has an overall work experience of around 21 years. Past Experience: ~ ICICI Prudential Asset Management Company Limited - Fixed Income Investments - August 2007 to October 2009. ~ ICICI Prudential Asset Management Company Limited - New Product Development - October 2005 to July 2007. ~ Aditya Birla Nuvo Ltd. – June 2005 to October 2005. ~ Aditya Birla Management Corporation Ltd. – May 2004 to May 2005.

Funds managed (25)

All schemes Manish Banthia runs →

AKAkhil KakkarManaging since 22 Jan 2024

Role

Senior Fund Manager – Fixed Income

Education

PGDM (Finance) and B. Tech (Electrical)

Experience

Mr. Akhil joined ICICI Prudential Asset Management Company Limited in September 2015. He has around 18 years of experience. Past Experience: ~ Kotak Mahindra Bank Vice President, Debt Capital Markets - February 2010 to September 2015. ~ SBI Capital Markets Associate, Project Advisory ICICI Prudential Credit Risk Fund & Structured Finance - May 2009 to February 2010. ~Goldman Sachs Services Pvt Ltd - Analyst Developer - June 2005 to June 2007.

Funds managed (6)

All schemes Akhil Kakkar runs →

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.

Explore from here

Fund managers

Manish Banthia Akhil Kakkar

ICICI Prudential in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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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 Medium Duration funds

Medium duration funds run a Macaulay duration of 3 to 4 years. They carry real interest-rate sensitivity, so they suit a horizon of at least three years rather than a place to park cash.

Frequently asked questions

What is the NAV of ICICI Prudential Medium Term Fund?

As of 05 Oct 2026, the NAV of ICICI Prudential Medium Term Fund is ₹53.75 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has ICICI Prudential Medium Term Fund delivered?

ICICI Prudential Medium Term Fund has returned +6.60% over 1 year, +8.34% per year over 3 years, +7.34% per year over 5 years and +8.45% 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 Medium Term Fund?

ICICI Prudential Medium Term Fund charges an expense ratio of 0.73% 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 Medium Term Fund?

ICICI Prudential Medium Term Fund's largest holdings are EMBASSY OFFICE PARKS REIT (3.6%), Adani Enterprises Ltd. (3.2%), Government Securities (3.2%), Vedanta Ltd. (3.1%) and JTPM Metal Traders Ltd. (3.0%). Holdings are disclosed monthly and change over time.

How risky is ICICI Prudential Medium Term Fund?

ICICI Prudential Medium Term Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.2% and its worst peak-to-trough fall in our sample was -5.1%. 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 1.48 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Medium Term Fund's 1.48 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of ICICI Prudential Medium Term Fund?

ICICI Prudential Medium Term Fund is benchmarked against the NIFTY Medium Duration Debt Index A-III. Its alpha and beta on this page are measured against that index.

Who manages ICICI Prudential Medium Term Fund?

ICICI Prudential Medium Term Fund is managed by Manish Banthia and Akhil Kakkar at ICICI Prudential.

How is ICICI Prudential Medium Term Fund taxed?

ICICI Prudential Medium Term Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.