OtherLife Cycle Fund with Maturity of 5 YearsModerate

ICICI Prudential Life Cycle Fund 2031

Q: What is the NAV of ICICI Prudential Life Cycle Fund 2031?

As of 30 Oct 2026, the NAV of ICICI Prudential Life Cycle Fund 2031 is ₹9.36 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has ICICI Prudential Life Cycle Fund 2031 delivered?

ICICI Prudential Life Cycle Fund 2031 has returned -6.46% 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 Life Cycle Fund 2031?

ICICI Prudential Life Cycle Fund 2031 charges an expense ratio of 3.67% 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 Life Cycle Fund 2031?

ICICI Prudential Life Cycle Fund 2031's largest holdings are Government Securities (19.9%), Eicher Motors Ltd. (8.1%), Dr Lal Pathlabs Ltd. (6.7%), Ge Vernova T&D India Ltd. (5.9%) and APL Apollo Tubes Ltd. (5.3%). Holdings are disclosed monthly and change over time.

Q: How risky is ICICI Prudential Life Cycle Fund 2031?

ICICI Prudential Life Cycle Fund 2031 sits at the moderate level on our estimate of SEBI's risk-o-meter scale, its trailing-3Y volatility (annualised) is 8.8% and its worst peak-to-trough fall in our sample was 6.9%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of ICICI Prudential Life Cycle Fund 2031?

ICICI Prudential Life Cycle Fund 2031 is benchmarked against the Nifty 200 TRI (50%) + Nifty Composite Debt Index (45%) + Domestic Price of Gold (3%) + Domestic Price of Silver (2%). The alpha, beta and capture figures on this page are measured against the Nifty 500 TRI, the closest index whose daily history we hold.

Q: Who manages ICICI Prudential Life Cycle Fund 2031?

ICICI Prudential Life Cycle Fund 2031 is managed by Manish Banthia, Rohit Lakhotia, Gaurav Chikane and Aatur Shah at ICICI Prudential.

Q: When was ICICI Prudential Life Cycle Fund 2031 launched, and what is its objective?

ICICI Prudential Life Cycle Fund 2031 was launched on 15 Sep 2026. its stated objective is: An open-ended life cycle fund with maturity of 5 years following glide path approach for goal-based investing. The Scheme shall invest across asset class. Both are as filed in the scheme's own Scheme Summary Document.

Q: How is ICICI Prudential Life Cycle Fund 2031 taxed?

ICICI Prudential Life Cycle Fund 2031 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

NAV

₹9.36

-0.95% 1D

as of 30 Oct 2026

Compare SIP calculator

Performance

-6.46%absolute

52-week rangePrev NAV ₹9.45

Latest ₹9.36

Low ₹9.360th percentile of its 52-week rangeHigh ₹10.06

Key Metrics

Annual fee charged by the fund, already deducted from NAV

3.67%

Direct 3.67% · Regular 4.87%

Category —

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

20.36

Category —

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

—

Category —

Scheme Info

Definitions

Plan

—

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

None

• 3% of the applicable NAV - If units purchased or switched in from another scheme of the Fund are redeemed or switched out on or before 1 Year from the date of investment • 2% of the applicable NAV - If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 1 Year and before 2 Years from the date of investment • 1% of the applicable NAV - If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 2 year and before 3 Years from the date of investment • Nil – If units purchased or switch in from another scheme of the Fund are redeemed or switched out after 3 years from the date of investment.

Up to 3.00%

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

₹100

Nifty 200 TRI (50%) + Nifty Composite Debt Index (45%) + Domestic Price of Gold (3%) + Domestic Price of Silver (2%)

The scheme's allotment date, as filed in its Scheme Summary Document. This plan's NAV history may begin later — Direct plans only exist from 1 Jan 2013.

15 Sep 2026

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

Definitions

Absolute return over the last 1 month (not annualized)

-5.13%

Absolute return over the last 3 months (not annualized)

—

Absolute return over the last 6 months (not annualized)

—

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

—

Annualized returns (≥1Y — CAGR)

Definitions

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

—

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

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.

-6.46%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

8.84%

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

—

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

—

Largest peak-to-trough decline over full history

-6.94%

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

—

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

—

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

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

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

—

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

—

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; price means no free daily yield exists for that index, so the fund's alpha includes roughly the index's dividend yield. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Life Cycle Fund with Maturity of 5 Years)

Period	Fund	Category avg.	Diff
1M abs	-5.13%	—	—
3M abs	—	—	—
6M abs	—	—	—
1Y CAGR	—	—	—
3Y CAGR	—	—	—
5Y CAGR	—	—	—

Category average across peers in Life Cycle Fund with Maturity of 5 Years, 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.

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

₹10.00K

Current value

₹10.00K

Absolute

0.00%

XIRR

+450.01%

Value vs. invested

ValueInvested

Pick a longer period to plot the path.

1 monthly installments of ₹10,000 into ICICI Prudential Life Cycle Fund 2031, valued at the latest NAV. XIRR annualizes for each installment’s timing.

History points

Expense ratio

3.67%

AUM

₹7.69Cr

Portfolio turnover

36%

Exit load

P/E ratio

20.4

P/B ratio

5.0

Avg market cap

₹78,939Cr

P/E & P/B are portfolio-weighted harmonic means across 15 of 18 equity holdings (52% 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 · Life Cycle Fund with Maturity of 5 Years

Compare all


ICICI Prudential Life Cycle Fund 2031This fund ICICI Prudential	—	—	—	—	20.36	3.67%	₹7.69Cr
ICICI Prudential Life Cycle Fund 2031 ICICI Prudential	—	—	—	—	—	3.67%	₹7.69Cr
Zerodha Life Cycle Fund 2031 Zerodha · Direct · Growth	—	—	—	—	18.75	2.98%	₹1.69Cr

Market-cap allocation · AMFI bands, Jul 2026

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

Large cap26.2%
Mid cap18.2%
Small cap55.7%

Asset allocation

As on 30 Sep 2026 · AMC disclosure

Equity62.06%
Debt19.94%
Cash & Equivalents16.07%
Other1.93%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
UTI - Transportation and Logistics Fund UTI · Sectoral/ Thematic	16.6%	★★★☆☆	0.98%	+16.81%
Nippon India Nifty Auto ETF Nippon India · Other ETFs	15.7%	—	0.24%	+17.36%
ICICI Prudential Nifty Auto Index Fund ICICI Prudential · Index Funds	15.7%	★★★★★	0.36%	+17.09%
Tata Nifty Auto Index Fund Tata · Index Funds	15.7%	★★★☆☆	0.54%	—
Nippon India Nifty Auto Index Fund Nippon India · Index Funds	15.7%	★★★☆☆	0.54%	—
HDFC Nifty Auto Index Fund HDFC · Index Funds	15.7%	—	0.97%	—
Angel One Nifty Total Market Momentum Quality 50 Index Fund Angel One · Index Funds	15.5%	—	0.66%	—
Angel One Nifty Total Market Momentum Quality 50 ETF Angel One · Other ETFs	15.5%	—	0.90%	—

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.

-6.9%23 Sep 2026 → 30 Oct 2026
Still below that high — 37 days down, and no recovery yet.

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

₹11,55,871Cr+3.7% QoQ

Avg AUM · July - September 2026

Website

icicipruamc.com

Fund Managers

MBManish BanthiaStart date not disclosed

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 22 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 ICICI Prudential Corporate Bond Fund 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 →

RLRohit LakhotiaStart date not disclosed

Role

Fund Manager – Fixed Income

Education

Bachelor of Technology (Honors) Electrical Engineering from NIT Rourkela and MBA from Indian Institute of Management (IIM), Mumbai and Chartered Financial Analyst (CFA)

Experience

Mr. Rohit Lakhotia is associated with ICICI Prudential Asset Management Company Limited from May 2016. He was appointed as Fund Manager with effect from June 12, 2023. He has over 14 years of experience. Past Experience: Yes Bank Limited – Corporate Banking – May 2012 to May 2016 Samsung India(R&D) Centre, Noida – Senior R&D Engineer – July 2008 – July 2010.

Funds managed (17)

All schemes Rohit Lakhotia runs →

GCGaurav ChikaneStart date not disclosed

Role

Senior Manager – Dealing

Total experience

Over 10 years

Education

B.E. (IT), MBA (Finance) Since this is a new scheme, of the fund manager for this Scheme is not available.

Experience

appointed as the in the Department Company July 1, is currently a ICICI Prudential Gold ETF Exchange Traded Inditrade Business Limited – Limited – Accenture Services – IT

Funds managed (6)

All schemes Gaurav Chikane runs →

ASAatur ShahStart date not disclosed

Role

Fund Manager – MF Equity

Total experience

Over 10 years

Education

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

Experience

Mr. Aatur started his career with ICICI Prudential Asset Management Company Limited in October 2014. Past Experience: ~ ICICI Prudential Asset Management Company Limited – Product Development & Strategy – October 2014 till February 2020 ~ ICICI Prudential Asset Management Company Limited – Research Analyst – February 2020 till April 2025.

Funds managed (4)

All schemes Aatur Shah 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

Manish Banthia Rohit Lakhotia Gaurav Chikane Aatur Shah

Top holdings

Eicher Motors Ltd.Dr Lal Pathlabs Ltd.Ge Vernova T&D India Ltd.APL Apollo Tubes Ltd.Godrej Industries Ltd.Kalyani Steels Ltd Sharda Motor Industries Ltd Bajaj Auto Ltd.Kirloskar Ferrous Industries Ltd.Hyundai Motor India Ltd.Galaxy Surfactants Ltd.National Organic Chemical 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.

Frequently asked questions

What is the NAV of ICICI Prudential Life Cycle Fund 2031?

As of 30 Oct 2026, the NAV of ICICI Prudential Life Cycle Fund 2031 is ₹9.36 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has ICICI Prudential Life Cycle Fund 2031 delivered?

ICICI Prudential Life Cycle Fund 2031 has returned -6.46% 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 Life Cycle Fund 2031?

ICICI Prudential Life Cycle Fund 2031 charges an expense ratio of 3.67% 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 Life Cycle Fund 2031?

ICICI Prudential Life Cycle Fund 2031's largest holdings are Government Securities (19.9%), Eicher Motors Ltd. (8.1%), Dr Lal Pathlabs Ltd. (6.7%), Ge Vernova T&D India Ltd. (5.9%) and APL Apollo Tubes Ltd. (5.3%). Holdings are disclosed monthly and change over time.

How risky is ICICI Prudential Life Cycle Fund 2031?

ICICI Prudential Life Cycle Fund 2031 sits at the moderate level on our estimate of SEBI's risk-o-meter scale, its trailing-3Y volatility (annualised) is 8.8% and its worst peak-to-trough fall in our sample was 6.9%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of ICICI Prudential Life Cycle Fund 2031?

ICICI Prudential Life Cycle Fund 2031 is benchmarked against the Nifty 200 TRI (50%) + Nifty Composite Debt Index (45%) + Domestic Price of Gold (3%) + Domestic Price of Silver (2%). The alpha, beta and capture figures on this page are measured against the Nifty 500 TRI, the closest index whose daily history we hold.

Who manages ICICI Prudential Life Cycle Fund 2031?

ICICI Prudential Life Cycle Fund 2031 is managed by Manish Banthia, Rohit Lakhotia, Gaurav Chikane and Aatur Shah at ICICI Prudential.

When was ICICI Prudential Life Cycle Fund 2031 launched, and what is its objective?

ICICI Prudential Life Cycle Fund 2031 was launched on 15 Sep 2026. its stated objective is: An open-ended life cycle fund with maturity of 5 years following glide path approach for goal-based investing. The Scheme shall invest across asset class. Both are as filed in the scheme's own Scheme Summary Document.

How is ICICI Prudential Life Cycle Fund 2031 taxed?

ICICI Prudential Life Cycle Fund 2031 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.