ICICI Prudential Commodities Fund
ICICI Prudential Mutual Fund · Best Sectoral & Thematic Mutual Funds
This is the Direct plan of ICICI Prudential Commodities 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
★★★★☆4/5 vs 142 of 255 Sectoral/ Thematic 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 Sectoral/ Thematic (same plan and option). 142 of the 255 Sectoral/ Thematic funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +14.09% · ranks 66 of 142 Sectoral/ Thematic funds
Volatility 19.4% vs 15.6% category avg
1.0% expense vs 1.3% category avg
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 (+4.97%) beats the Sectoral/ Thematic average (+3.38%)
- 5-year return (+14.04%) beats the Sectoral/ Thematic average (+12.02%)
- Low expense ratio (1.04%) vs the Sectoral/ Thematic average of 1.27%
- Consistent — positive in 100% of rolling 3-year windows
Concerns
- Weaker risk-adjusted returns — Sharpe 0.39 below the Sectoral/ Thematic average of 0.45
- More volatile than its Sectoral/ Thematic peers (19.4% vs 15.6%)
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Sectoral/ Thematic)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -5.62% | -4.47% | -1.15% |
| 3M abs | -1.15% | -2.33% | +1.19% |
| 6M abs | +4.70% | +12.09% | -7.39% |
| 1Y CAGR | +4.97% | +3.38% | +1.59% |
| 3Y CAGR | +14.09% | +13.80% | +0.29% |
| 5Y CAGR | +14.04% | +12.02% | +2.03% |
Category average across peers in Sectoral/ Thematic (up to 255 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 255 peers in Sectoral/ Thematic
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 Commodities 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 | +0.43% | -7.18% | +7.61% | |
| 2025 | +19.19% | +7.94% | +11.25% | |
| 2024 | +9.45% | +16.43% | -6.98% | |
| 2023 | +28.72% | +27.43% | +1.29% | |
| 2022 | +16.25% | +4.34% | +11.91% | |
| 2021 | +72.75% | +31.59% | +41.16% | |
| 2020 | +41.21% | +18.33% | +22.88% | |
| 2019part | +2.90% | — | — |
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- Equity97.94%
- Cash & Equivalents2.06%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹3,848Cr in April - June 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.
Fund Managers
LKLalit KumarManaging since 14 Jul 2020
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.
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
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.
ICICI Prudential Mutual Fund has declared income distribution under its few schemes
Value Research · 7h ago
ICICI Prudential Multi Cap Fund Direct Plan Growth
ClearTax · 9h ago
ICICI Prudential MF crosses 5% stake in GSPL Transmission via demerger
scanx.trade · 13h ago
MF IDCW alert: ICICI Prudential, Invesco announce payouts across 5 schemes; check dates and amounts
Upstox · 16h ago
Senior Citizen Savings Scheme (SCSS) interest rate for October-December 2026
Upstox · 1d ago
ICICI Prudential Retirement Fund – Hybrid Aggressive Plan: Retirement Savings With An Equity Edge
BusinessLine · 2d ago
ICICI Prudential Ultra Short to Short Term Fund Direct Plan Growth
ClearTax · 2d ago
NFO Insight : ICICI Prudential Contra Fund opens for subscription. Is contra investing suited for current
The Economic Times · 3d ago
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 Sectoral & Thematic funds
Sectoral and thematic funds must keep at least 80% in the equity of one sector (banking, pharma, technology) or one theme (consumption, manufacturing, ESG). That concentration is the point and the risk: with no mandate to diversify away from the sector, the fund rises and falls with it.
Frequently asked questions
What is the NAV of ICICI Prudential Commodities Fund?
As of 01 Oct 2026, the NAV of ICICI Prudential Commodities Fund is ₹49.21 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has ICICI Prudential Commodities Fund delivered?
ICICI Prudential Commodities Fund has returned +4.97% over 1 year, +14.09% per year over 3 years, +14.04% per year over 5 years and +25.73% 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 Commodities Fund?
ICICI Prudential Commodities Fund charges an expense ratio of 1.04% 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 Commodities Fund?
ICICI Prudential Commodities Fund's largest holdings are Hindustan Petroleum Corporation Ltd. (8.3%), Jindal Steel Ltd. (7.8%), Vedanta Aluminium Metal Ltd. (6.7%), JSW Steel Ltd. (6.7%) and Hindalco Industries Ltd. (4.7%). Holdings are disclosed monthly and change over time.
How risky is ICICI Prudential Commodities Fund?
ICICI Prudential Commodities Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 19.4% and its worst peak-to-trough fall in our sample was -41.2%. 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 0.39 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Commodities Fund's 0.39 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of ICICI Prudential Commodities Fund?
ICICI Prudential Commodities Fund is benchmarked against the Nifty Commodities TRI. Its alpha and beta on this page are measured against that index.
Who manages ICICI Prudential Commodities Fund?
ICICI Prudential Commodities Fund is managed by Lalit Kumar at ICICI Prudential.
How is ICICI Prudential Commodities Fund taxed?
ICICI Prudential Commodities 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.