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ICICI Prudential Equity Savings Fund

Q: What is the NAV of ICICI Prudential Equity Savings Fund?

As of 01 Oct 2026, the NAV of ICICI Prudential Equity Savings Fund is ₹24.99 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has ICICI Prudential Equity Savings Fund delivered?

ICICI Prudential Equity Savings Fund has returned +2.17% over 1 year, +6.59% per year over 3 years, +7.18% per year over 5 years and +8.08% 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 Equity Savings Fund?

ICICI Prudential Equity Savings Fund charges an expense ratio of 1.12% 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 Equity Savings Fund?

ICICI Prudential Equity Savings Fund's largest holdings are ICICI Prudential Money Market Fund - Direct Plan - Growth (8.6%), HDFC Bank Ltd. (8.2%), Sun Pharmaceutical Industries Ltd. (5.7%), Reliance Industries Ltd. (5.0%) and Kotak Mahindra Bank Ltd. (4.0%). Holdings are disclosed monthly and change over time.

Q: How risky is ICICI Prudential Equity Savings Fund?

ICICI Prudential Equity Savings Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 2.5% and its worst peak-to-trough fall in our sample was -19.2%. 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 0.04 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Equity Savings Fund's 0.04 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of ICICI Prudential Equity Savings Fund?

ICICI Prudential Equity Savings Fund is benchmarked against the Nifty Equity Savings TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages ICICI Prudential Equity Savings Fund?

ICICI Prudential Equity Savings Fund is managed by Dharmesh Kakkad, Archana Nair, Manish Banthia, Ritesh Lunawat, Sri Sharma and Ajaykumar Solanki at ICICI Prudential.

Q: How is ICICI Prudential Equity Savings Fund taxed?

ICICI Prudential Equity Savings 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.

ICICI Prudential Mutual Fund · Best Equity Savings Mutual Funds

NAV

₹24.99

-0.16% 1D

as of 01 Oct 2026

This is the Direct plan of ICICI Prudential Equity Savings 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

+2.41%CAGR

52-week rangePrev NAV ₹25.03

Latest ₹24.99

Low ₹24.3565th percentile of its 52-week rangeHigh ₹25.34

Scorecard

★★☆☆☆2/5 vs 20 of 22 Equity Savings 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 Equity Savings (same plan and option). 20 of the 22 Equity Savings funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceBelow avg

3Y CAGR +6.59% · ranks 18 of 20 Equity Savings funds

RiskLow

Volatility 2.5% vs 4.6% category avg

CostLow

1.1% expense vs 1.3% 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

Less volatile than its Equity Savings peers (2.5% vs 4.6%)
Low expense ratio (1.12%) vs the Equity Savings average of 1.32%
Consistent — positive in 100% of rolling 3-year windows

Concerns

1-year return (+2.17%) trails the Equity Savings average (+3.38%)
3-year return (+6.59%) trails the Equity Savings average (+8.34%)
Weaker risk-adjusted returns — Sharpe 0.04 below the Equity Savings average of 0.36

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.12%

Category 1.32%▼0.20%

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

18.12

Category 18.83▼0.71

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

0.04

Category 0.36▼0.32

Scheme Info

Definitions

Plan

Direct · Growth

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

None

If 10% of the units (the Limit) purchased or switched in from another scheme of the Fund are redeemed or switched out within 7 days 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 7 days from the date of allotment - 0.25% of the applicable NAV If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 7 days from the date of allotment - NIL

Up to 0.25%

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

₹250

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

Nifty Equity Savings TRI

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.

08 Dec 2014

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

Definitions

Absolute return over the last 1 month (not annualized)

-0.95%

Absolute return over the last 3 months (not annualized)

+0.32%

Absolute return over the last 6 months (not annualized)

+2.46%

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

-0.48%

Annualized returns (≥1Y — CAGR)

Definitions

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

+2.17%

3-year annualized return (CAGR)

+6.59%

5-year annualized return (CAGR)

+7.18%

10-year annualized return (CAGR)

+7.84%

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.

+8.08%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

2.46%

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

0.04

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

0.05

Largest peak-to-trough decline over full history

-19.20%

Benchmark ratios

Not shown for Equity Savings — 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 (Equity Savings)

Period	Fund	Category avg.	Diff
1M abs	-0.95%	-1.71%	+0.76%
3M abs	+0.32%	-0.25%	+0.57%
6M abs	+2.46%	+4.20%	-1.74%
1Y CAGR	+2.17%	+3.38%	-1.21%
3Y CAGR	+6.59%	+8.34%	-1.75%
5Y CAGR	+7.18%	+7.64%	-0.46%

Category average across peers in Equity Savings (up to 22 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 22 peers in Equity Savings

1Y return

+2.17%

Beats 27.3% · rank #17

3Y return

+6.59%

Beats 10.5% · rank #18

5Y return

+7.18%

Beats 31.3% · rank #12

Sharpe

0.04

Beats 10.5% · rank #18

Sortino

0.05

Beats 10.5% · rank #18

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

₹7.03L

Absolute

+17.21%

XIRR

+6.49%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into ICICI Prudential Equity Savings 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	-0.48%
2025	+8.89%
2024	+8.98%
2023	+10.44%
2022	+7.70%
2021	+10.22%
2020	+5.49%
2019	+11.03%
2018	+4.16%
2017	+11.83%

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.

Recent changes

Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.

Fund manager change — now managed by Ajaykumar Solanki; Kaivalya Nadkarni stepped away
25 Sep 2026

History points

2,909

Expense ratio

1.12%

AUM

₹54.48Cr

Portfolio turnover

677%

Exit load

P/E ratio

18.1

P/B ratio

3.8

Avg market cap

₹5,38,596Cr

P/E & P/B are portfolio-weighted harmonic means across 79 of 87 equity holdings (73% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This 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.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

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.

Peer comparison · Equity Savings

Compare all


ICICI Prudential Equity Savings FundThis fund ICICI Prudential · Direct · Growth	★★☆☆☆	+2.17%	+6.59%	+7.18%	18.12	1.12%	₹54.48Cr
HSBC Equity Savings Fund HSBC · Direct · Growth	★★★★☆	+6.94%	+12.32%	—	19.51	1.41%	₹964.84Cr
Edelweiss Equity Savings Fund Edelweiss · Direct · Growth	★★★★★	+7.08%	+10.93%	+9.45%	15.90	1.14%	₹1,344Cr
Mirae Asset Equity Savings Fund Mirae Asset · Direct · Growth	★★★★★	+4.14%	+9.55%	+8.78%	20.83	0.73%	₹1,936Cr
Kotak Equity Savings Fund Kotak Mahindra · Direct · Growth	★★★☆☆	+2.77%	+9.52%	+9.74%	17.09	1.07%	₹9,931Cr
Mahindra Manulife Equity Savings Fund Mahindra Manulife · Direct · Growth	★★★★☆	+4.34%	+8.92%	+8.42%	19.22	1.27%	₹528.21Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap92.3%
Mid cap6.7%
Small cap0.9%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity73.98%
Debt11.20%
Other8.63%
Cash & Equivalents5.60%
Real Estate / REITs0.61%

Cash & cash-like: 8.63% — the 5.60% above plus treasury bills, certificates of deposit, commercial paper and TREPS, which the allocation files under Debt but the market counts as cash-equivalent.

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Baroda BNP Paribas Nifty 50 Index Fund Baroda BNP Paribas · Index Funds	62.7%	★☆☆☆☆	0.48%	—
360 ONE ELSS Tax Saver Nifty 50 Index Fund 360 One · Index Funds	62.6%	★★☆☆☆	0.37%	+5.47%
Bandhan Nifty 50 Index Fund Bandhan · Index Funds	62.6%	★★★☆☆	0.16%	+5.52%
Taurus Nifty 50 Index Fund Taurus · Index Funds	62.6%	★★☆☆☆	0.86%	+4.77%
Navi ELSS Tax Saver Nifty50 Index Fund Navi · ELSS	62.6%	★★☆☆☆	—	+5.46%
Nippon India ETF Nifty 50 BeES Nippon India · Other ETFs	62.6%	—	0.04%	+5.69%
DSP Nifty 50 Index Fund DSP · Index Funds	62.6%	★★★☆☆	0.22%	+5.54%
Kotak Nifty 50 Index Fund Kotak Mahindra · Index Funds	62.6%	★★★☆☆	0.12%	+5.45%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

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.

-19.2%07 Feb 2020 → 23 Mar 2020
Fell over 1 months, back to the old high on 20 Nov 2020 — 8 months under water after the low.
-5.9%23 Oct 2015 → 25 Feb 2016
Fell over 4 months, back to the old high on 11 Apr 2016 — 2 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.

Fund size over time

Quarterly average AUM · AMFI

₹54.48Cr

April - June 2026

-2%

since January - March 2026

−₹94.29L

est. net flow, last quarter

At or near its largest, ₹55.71Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

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

DKDharmesh KakkadManaging since 01 Feb 2021

Role

Senior Fund Manager - MF Equity

Total experience

Over 15 years

Education

Chartered Financial Analyst (CFA), Chartered Accountant and M.Com

Experience

Mr. Dharmesh Kakkad is a Senior Fund Manager and is associated with ICICI Prudential Asset Management Company Limited from June 2010. Prior to working in Investments function, he was working in the Operations Department of the AMC. ICICI Prudential Global Advantage Fund (FOF)

Funds managed (3)

All schemes Dharmesh Kakkad runs →

ANArchana NairManaging since 01 Feb 2024

Role

Associate Vice President - MF Equity Dealing

Education

Chartered Accountant and B.Com

Experience

7 Ms. Archana Nair joined ICICI Prudential Asset Management Company Limited in March 2018. Past Experience: ~ ICICI Prudential Asset Management Company Limited- Business Intelligence Unit- Analysis – March 2018 to February 2019.

MBManish BanthiaManaging since 01 Dec 2014

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 (24)

All schemes Manish Banthia runs →

RLRitesh LunawatManaging since 09 Dec 2020

Role

Fund Manager – Fixed Income

Total experience

Over 11 years

Education

Chartered Accountant, B.Com and Chartered Financial Analyst (CFA)

Experience

Mr. Ritesh Lunawat is associated with ICICI Prudential Asset Management Company Limited from September 27, 2013. He started his career with ICICI Prudential Asset Management Company Limited and is currently a Fund Manager.

Funds managed (9)

All schemes Ritesh Lunawat runs →

SSri SharmaManaging since 30 Apr 2021

Role

Fund Manager – MF Equity

Total experience

Over 8 years

Education

Chartered Accountant, Chartered Financial Analyst (CFA) and M.Com

Experience

She had joined in the Product Development Department of the AMC and is associated with the AMC since 2017. She has been appointed as a Fund Manager to manage certain Equity Schemes. Further Sri is also designated as the Fund Manager for managing derivatives investments of specific Schemes. Past Experience: ~ ICICI Prudential Asset Management Company Limited – ICICI Prudential Asset Management Company Limited - January 2017 to March 2021. ~ PriceWaterhouse Coopers - Article Trainee/ Senior Associate- Statutory Audit - August 2013 to September 2016.

Funds managed (1)

ICICI Prudential Balanced Advantage Fund

All schemes Sri Sharma runs →

ASAjaykumar SolankiManaging since 23 Aug 2024

Role

Associate Vice President - MF Equity Dealing

Total experience

Over 10 years

Education

Chartered Accountant, Chartered Financial Management Analyst (CFA) and B.Com from Mumbai University

Experience

Mr. Ajaykumar Solanki was appointed as dealer in the Investments Department of ICICI Prudential Asset Company Limited w.e.f August 7, 2022. He was appointed as a fund manager for certain schemes of the Fund in August 2024. ~ ICICI Prudential Asset Management Company Limited – in MF Operations - December 2, 2014 to August 6, 2023. • • ICICI Prudential Nifty Next

Funds managed (31)

All schemes Ajaykumar Solanki 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

Dharmesh Kakkad Manish Banthia Ritesh Lunawat Ajaykumar Solanki

Top holdings

HDFC Bank Ltd.Sun Pharmaceutical Industries Ltd.Reliance Industries Ltd.Kotak Mahindra Bank Ltd.Mahindra & Mahindra Ltd.Bajaj Finance Ltd.ITC Ltd.Adani Ports and Special Economic Zone Ltd.NTPC Ltd.Hindustan Unilever Ltd.Bharti Airtel Ltd.ICICI Bank Ltd.

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.

Run SIP calculator Add to compare

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 Equity Savings funds

Equity savings funds split money across equity, arbitrage and debt. The hedged portion lowers risk, so they sit between hybrid and debt funds on the risk ladder while keeping equity taxation.

Frequently asked questions

What is the NAV of ICICI Prudential Equity Savings Fund?

As of 01 Oct 2026, the NAV of ICICI Prudential Equity Savings Fund is ₹24.99 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has ICICI Prudential Equity Savings Fund delivered?

ICICI Prudential Equity Savings Fund has returned +2.17% over 1 year, +6.59% per year over 3 years, +7.18% per year over 5 years and +8.08% 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 Equity Savings Fund?

ICICI Prudential Equity Savings Fund charges an expense ratio of 1.12% 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 Equity Savings Fund?

ICICI Prudential Equity Savings Fund's largest holdings are ICICI Prudential Money Market Fund - Direct Plan - Growth (8.6%), HDFC Bank Ltd. (8.2%), Sun Pharmaceutical Industries Ltd. (5.7%), Reliance Industries Ltd. (5.0%) and Kotak Mahindra Bank Ltd. (4.0%). Holdings are disclosed monthly and change over time.

How risky is ICICI Prudential Equity Savings Fund?

ICICI Prudential Equity Savings Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 2.5% and its worst peak-to-trough fall in our sample was -19.2%. 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 0.04 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Equity Savings Fund's 0.04 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of ICICI Prudential Equity Savings Fund?

ICICI Prudential Equity Savings Fund is benchmarked against the Nifty Equity Savings TRI. Its alpha and beta on this page are measured against that index.

Who manages ICICI Prudential Equity Savings Fund?

ICICI Prudential Equity Savings Fund is managed by Dharmesh Kakkad, Archana Nair, Manish Banthia, Ritesh Lunawat, Sri Sharma and Ajaykumar Solanki at ICICI Prudential.

How is ICICI Prudential Equity Savings Fund taxed?

ICICI Prudential Equity Savings 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.