EquityFlexi Cap FundRegularGrowthVery High

ICICI Prudential Flexi Cap fund

Q: What is the NAV of ICICI Prudential Flexi Cap fund?

As of 01 Oct 2026, the NAV of ICICI Prudential Flexi Cap fund is ₹19.60 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has ICICI Prudential Flexi Cap fund delivered?

ICICI Prudential Flexi Cap fund has returned +0.87% over 1 year, +13.63% per year over 3 years, +12.89% per year over 5 years and +13.81% 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 Flexi Cap fund?

ICICI Prudential Flexi Cap fund charges an expense ratio of 1.73% 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 Flexi Cap fund?

ICICI Prudential Flexi Cap fund's largest holdings are TVS Motor Company Ltd. (9.3%), ICICI Bank Ltd. (7.4%), Maruti Suzuki India Ltd. (4.9%), Avenue Supermarts Ltd. (4.2%) and Eternal Ltd. (3.7%). Holdings are disclosed monthly and change over time.

Q: How risky is ICICI Prudential Flexi Cap fund?

ICICI Prudential Flexi Cap fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.3% and its worst peak-to-trough fall in our sample was -20.0%. 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 0.50 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Flexi Cap fund's 0.50 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of ICICI Prudential Flexi Cap fund?

ICICI Prudential Flexi Cap fund is benchmarked against the BSE 500 TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages ICICI Prudential Flexi Cap fund?

ICICI Prudential Flexi Cap fund is managed by Sharmila D'silva and Rajat Chandak at ICICI Prudential.

Q: How is ICICI Prudential Flexi Cap fund taxed?

ICICI Prudential Flexi 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.

ICICI Prudential Mutual Fund · Best Flexi Cap Mutual Funds

NAV

₹19.60

-1.21% 1D

as of 01 Oct 2026

This is the Regular plan of ICICI Prudential Flexi Cap fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

+1.87%CAGR

52-week rangePrev NAV ₹19.84

Latest ₹19.60

Low ₹17.0162nd percentile of its 52-week rangeHigh ₹21.18

Scorecard

★★★★★5/5 vs 36 of 45 Flexi 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 Flexi Cap Fund (same plan and option). 36 of the 45 Flexi Cap Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceStrong

3Y CAGR +13.63% · ranks 8 of 36 Flexi Cap Funds

RiskModerate

Volatility 14.3% vs 14.1% category avg

CostLow

1.7% expense vs 2.3% 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

Ahead of the Flexi Cap Fund average on 3M/6M/1Y — 1Y by 1.70pp
3-year return (+13.63%) beats the Flexi Cap Fund average (+10.33%)
5-year return (+12.89%) beats the Flexi Cap Fund average (+9.10%)
Stronger risk-adjusted returns — Sharpe 0.50 vs 0.26 Flexi Cap Fund average
Low expense ratio (1.73%) vs the Flexi Cap Fund average of 2.30%

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.73%

Category 2.30%▼0.57%

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

29.07

Category —

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

0.50

Category 0.26▲0.24

Scheme Info

Definitions

Plan

Regular · Growth

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

None

1 % of applicable Net Asset Value If the amount sought to be redeemed or switch out within 1 month from allotment. Nil If the amount sought to be redeemed or switched out more than 1 month.

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

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

BSE 500 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.

19 Jul 2021

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

Definitions

Absolute return over the last 1 month (not annualized)

-6.13%

Absolute return over the last 3 months (not annualized)

-0.91%

Absolute return over the last 6 months (not annualized)

+12.26%

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

-0.96%

Annualized returns (≥1Y — CAGR)

Definitions

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

+0.87%

3-year annualized return (CAGR)

+13.63%

5-year annualized return (CAGR)

+12.89%

10-year annualized return (CAGR)

—

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.

+13.81%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

14.30%

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

0.50

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

0.70

Largest peak-to-trough decline over full history

-20.02%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

4.17%

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

0.97

How much of the fund's movement Nifty 500 TRI explains

90.3%

Excess return per unit of beta (market risk)

7.87

Active return over the benchmark per unit of tracking error

0.88

Annualized std dev of fund-minus-benchmark returns

5.03%

Fund's share of benchmark gains in up months (100 = matches index)

114.1%

Fund's share of benchmark losses in down months (lower is better)

97.4%

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Flexi Cap Fund)

Period	Fund	Category avg.	Diff
1M abs	-6.13%	-5.16%	-0.97%
3M abs	-0.91%	-2.55%	+1.64%
6M abs	+12.26%	+9.39%	+2.87%
1Y CAGR	+0.87%	-0.83%	+1.70%
3Y CAGR	+13.63%	+10.33%	+3.30%
5Y CAGR	+12.89%	+9.10%	+3.79%

Category average across peers in Flexi Cap Fund (up to 45 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 45 peers in Flexi Cap Fund

1Y return

+0.87%

Beats 65% · rank #15

3Y return

+13.63%

Beats 80% · rank #8

5Y return

+12.89%

Beats 88.5% · rank #4

Sharpe

0.50

Beats 80% · rank #8

Sortino

0.70

Beats 80% · rank #8

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

₹8.10L

Absolute

+35.07%

XIRR

+12.36%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into ICICI Prudential Flexi 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	-0.96%	-7.18%	+6.22%
2025	+9.58%	+7.94%	+1.64%
2024	+21.21%	+16.43%	+4.78%
2023	+27.90%	+27.43%	+0.47%
2022	+8.78%	+4.34%	+4.44%
2021part	+7.10%	—	—

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.

History points

1,283

Expense ratio

1.73%

AUM

₹21,165Cr

Portfolio turnover

25%

Exit load

1 % of applicable Net Asset Value If the amount sought to be redeemed or switch out within 1 month from allotment. Nil If the amount sought to be redeemed or switched out more than 1 month.

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

29.1

P/B ratio

6.2

Avg market cap

₹2,82,095Cr

P/E & P/B are portfolio-weighted harmonic means across 62 of 72 equity holdings (89% 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 · Flexi Cap Fund

Compare all


ICICI Prudential Flexi Cap fundThis fund ICICI Prudential · Regular · Growth	★★★★★	+0.87%	+13.63%	+12.89%	—	1.73%	—
Bank of India Flexi Cap Fund Bank of India · Regular · Growth	★★★★☆	+7.78%	+16.36%	+14.52%	—	2.28%	₹2,414Cr
Motilal Oswal Flexi Cap Fund Motilal Oswal · Regular · Growth	★★★☆☆	+1.00%	+16.22%	+11.34%	—	2.00%	₹12,836Cr
ITI Flexi Cap Fund ITI · Regular · Growth	★★★★☆	+9.52%	+15.75%	—	—	2.31%	₹1,304Cr
Invesco India Flexi Cap Fund Invesco · Regular · Growth	★★★★★	-2.32%	+14.52%	—	—	2.10%	₹4,904Cr
360 ONE Flexicap Fund 360 One · Regular · Growth	★★★★☆	+6.45%	+14.43%	—	—	2.37%	₹2,018Cr

Market-cap allocation · AMFI bands, Jul 2026

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

Large cap63.9%
Mid cap9.5%
Small cap26.5%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity96.61%
Cash & Equivalents2.90%
Debt0.49%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
ICICI Prudential Long Term Wealth Enhancement Fund ICICI Prudential · ELSS	59.1%!	★★★★★	0.81%	+11.40%
ICICI Prudential Balanced Advantage Fund ICICI Prudential · Dynamic Asset Allocation or Balanced Advantage	57.9% of 70% equity	★★★★★	1.03%	+10.11%
ICICI Prudential ELSS - Tax Saver Fund ICICI Prudential · ELSS	45.8%!	★★★☆☆	1.21%	+9.86%
ICICI Prudential ESG Exclusionary Strategy Fund ICICI Prudential · Sectoral/ Thematic	45.5%	★★★☆☆	1.29%	+10.47%
Sundaram Large Cap Fund Sundaram · Large Cap Fund	41.1%	★★★☆☆	0.87%	+6.47%
Aditya Birla Sun Life Large Cap Fund Aditya Birla Sun Life · Large Cap Fund	41.1%	★★★☆☆	1.04%	+8.11%
Canara Robeco Large Cap Fund Canara Robeco · Large Cap Fund	40.9%	★★★★☆	0.63%	+8.81%
ICICI Prudential Exports & Services Fund ICICI Prudential · Sectoral/ Thematic	40.3%	★★★☆☆	1.81%	+13.46%

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.

🚩Holdings under NSE surveillance (ASM)

2 holdings — 2.31% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

PB Fintech LimitedShort-term · Stage I1.46%
Rubicon Research LimitedLong-term · Stage I0.85%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

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.

-20.0%27 Sep 2024 → 28 Feb 2025
Fell over 5 months, back to the old high on 16 Oct 2025 — 8 months under water after the low.
-15.3%26 Nov 2025 → 23 Mar 2026
Fell over 4 months, back to the old high on 28 Jul 2026 — 4 months under water after the low.
-12.9%13 Jan 2022 → 20 Jun 2022
Fell over 5 months, back to the old high on 01 Aug 2022 — 42 days 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

SDSharmila D'silvaStart date not disclosed

Role

Fund Manager – MF Equity

Total experience

Over 8 years

Education

CA and Bachelor of Commerce in Accounting and Finance (BAF)

Experience

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.

Funds managed (33)

All schemes Sharmila D'silva runs →

RCRajat ChandakStart date not disclosed

Role

Senior Fund Manager – MF Equity

Education

B.Com, PGDM (Finance)

Experience

Mr. Rajat Chandak has over 17 years of experience in fund management research analysis. He is associated with ICICI Prudential Asset Management Company Limited from May 2008 till date.

Funds managed (3)

All schemes Rajat Chandak runs →

Fund manager, benchmark and dealing terms from 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

Sharmila D'silva Rajat Chandak

Top holdings

TVS Motor Company Ltd.ICICI Bank Ltd.Maruti Suzuki India Ltd.Avenue Supermarts Ltd.Eternal Ltd.Mahindra & Mahindra Ltd.Axis Bank Ltd.HDFC Bank Ltd.RR Kabel Ltd.Samvardhana Motherson International Ltd.The Ethos Ltd.Infosys 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.

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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 Flexi Cap funds

Flexi cap funds invest across large, mid and small-cap stocks with no fixed allocation, letting the manager shift with the market cycle. That flexibility can help manage risk and chase growth wherever it is.

Frequently asked questions

What is the NAV of ICICI Prudential Flexi Cap fund?

As of 01 Oct 2026, the NAV of ICICI Prudential Flexi Cap fund is ₹19.60 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has ICICI Prudential Flexi Cap fund delivered?

ICICI Prudential Flexi Cap fund has returned +0.87% over 1 year, +13.63% per year over 3 years, +12.89% per year over 5 years and +13.81% 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 Flexi Cap fund?

ICICI Prudential Flexi Cap fund charges an expense ratio of 1.73% 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 Flexi Cap fund?

ICICI Prudential Flexi Cap fund's largest holdings are TVS Motor Company Ltd. (9.3%), ICICI Bank Ltd. (7.4%), Maruti Suzuki India Ltd. (4.9%), Avenue Supermarts Ltd. (4.2%) and Eternal Ltd. (3.7%). Holdings are disclosed monthly and change over time.

How risky is ICICI Prudential Flexi Cap fund?

ICICI Prudential Flexi Cap fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.3% and its worst peak-to-trough fall in our sample was -20.0%. 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 0.50 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Flexi Cap fund's 0.50 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of ICICI Prudential Flexi Cap fund?

ICICI Prudential Flexi Cap fund is benchmarked against the BSE 500 TRI. Its alpha and beta on this page are measured against that index.

Who manages ICICI Prudential Flexi Cap fund?

ICICI Prudential Flexi Cap fund is managed by Sharmila D'silva and Rajat Chandak at ICICI Prudential.

How is ICICI Prudential Flexi Cap fund taxed?

ICICI Prudential Flexi 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.