ICICI Prudential Active Momentum Fund
Direct · GrowthAI Summary
The fund's 1Y SIP XIRR of 7.15% trails the sectoral/thematic category average of 10.6% by 3.45 percentage points, indicating underperformance versus peers on the primary return metric. However, it has strongly outperformed the NIFTY 50 on a lump-sum basis over 1Y, with a Fund CAGR of -3.47% versus the benchmark's -12.37%, generating a notable alpha of 6.04%. Calendar year returns show modest results, with 7.11% in 2025 and -6.62% in 2026.
The fund exhibits defensive characteristics with a beta of 0.85 and downside capture of 80.3% versus the NIFTY 50, meaning it falls less than the benchmark in declining markets. The maximum drawdown is minimal at -0.12% with a 59-day duration, and only 2 drawdown events exceeded 10%, suggesting contained downside risk. The 1Y Calmar ratio of 0.70 reflects a moderate risk-adjusted return profile given the muted absolute returns.
The portfolio holds 43 stocks with a well-diversified top 10, where the largest position, Samvardhana Motherson International, is only 3.92% of NAV. Sector exposure is spread across cyclical and defensive themes, led by Electrical Equipment (10.8%), Automobiles (10.3%), and Retailing (7.9%), with auto-linked segments (Automobiles plus Auto Components) totaling roughly 18%. This breadth reduces single-stock risk but the tilt toward autos and cyclicals introduces economic sensitivity.
Against the category's SIP XIRR averages of 16.2% (3Y) and 17.44% (5Y), the fund's 7.15% 1Y XIRR signals it is currently lagging thematic peers, though only the 1Y comparison is directly available from the fund's data. Its consistent alpha over the NIFTY 50 across 1Y (6.04%) and 3Y (1.30%) horizons demonstrates benchmark-relative strength even as category-relative performance is weaker. Alpha turns slightly negative at longer horizons (-0.36% at 10Y), suggesting benchmark outperformance has not persisted over extended periods.
This fund suits investors with high risk tolerance seeking momentum-driven, thematic exposure as a satellite holding rather than a core portfolio position, given the sectoral/thematic classification. A time horizon of at least 5 years is advisable to ride out momentum style cycles, as evidenced by the negative 2026 return of -6.62%. Investors should be comfortable with the possibility of underperforming both the category and the benchmark during unfavorable market phases.
- Strong downside protection with downside capture of 80.3% and beta of 0.85 versus the NIFTY 50, cushioning losses in weak markets
- Meaningful 1Y alpha of 6.04% over the NIFTY 50, with Fund CAGR of -3.47% against the benchmark's -12.37%
- Diversified 43-stock portfolio with the top holding at just 3.92% of NAV, limiting single-stock concentration risk
- 1Y SIP XIRR of 7.15% significantly trails the category average of 10.6%, indicating underperformance versus thematic peers
- Alpha deteriorates over longer horizons, turning negative at 10Y (-0.36%) and 15Y (-0.60%), questioning long-term benchmark outperformance
- Elevated expense ratio of 1.06% and heavy tilt toward auto-linked sectors (roughly 18% combined) add cost and cyclical concentration risk
Generated on 28-10-2026, 2:18 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.43 L | 6.8% | -13.7% | 14.7% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 6.8% | 14.3% | 10.6% | -7.5% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 7.7% | 8.7% | -4.2% | 13.6% | 0.25 | 0.37 | 89% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +7.40 | 0.85 | 89.9% | 78.4% | -1.7% | -12.0% |
| 3 Years | +1.83 | 0.83 | 85.8% | 76.6% | 0.8% | -2.6% |
| 5 Years | +0.67 | 0.83 | 85.8% | 76.6% | 0.5% | -1.6% |
| 7 Years | +0.17 | 0.83 | 85.8% | 76.6% | 0.3% | -1.1% |
| 10 Years | -0.21 | 0.83 | 85.8% | 76.6% | 0.2% | -0.8% |
| 12 Years | -0.35 | 0.83 | 85.8% | 76.6% | 0.2% | -0.7% |
| 15 Years | -0.51 | 0.83 | 85.8% | 76.6% | 0.1% | -0.5% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Samvardhana Motherson International Ltd. | 3.76% |
| 2 | Axis Bank Ltd. | 3.00% |
| 3 | Mahindra & Mahindra Ltd. | 2.99% |
| 4 | Titan Company Ltd. | 2.92% |
| 5 | SPR Auto Technologies Ltd. | 2.85% |
| 6 | Coal India Ltd. | 2.83% |
| 7 | Eternal Ltd. | 2.62% |
| 8 | Nippon Life India Asset Management Ltd | 2.55% |
| 9 | Apollo Hospitals Enterprise Ltd. | 2.53% |
| 10 | Radico Khaitan Ltd. | 2.52% |