ICICI Prudential Bharat Consumption Fund
Direct · GrowthAI Summary
The fund has delivered strong long-term SIP returns of 17.77% over 3Y and 18.43% over 5Y, well ahead of the NIFTY 50's point-to-point CAGR of 8.63% and 10.58% over the same periods. However, the recent 1Y XIRR of 7.82% lags the category average of 10.56%, and longer 7Y XIRR of 13.85% also trails the category average of 16.6%. Alpha generation is consistent across horizons, with 5Y alpha of 5.02% and 3Y alpha of 2.21% versus the NIFTY 50.
The Maximum Drawdown of -0.31% is unusually shallow, though the fund has experienced 3 drawdown events exceeding 10% over its history, and recovery took 253 days versus a drawdown duration of just 33 days. Beta of 0.70-0.76 versus the NIFTY 50, with downside capture of 66-68% over longer periods, indicates meaningfully lower volatility than the benchmark. Calmar ratios of 0.61-0.62 over 3Y and 5Y suggest solid risk-adjusted returns, though the 1Y Calmar of 0.54 reflects weaker recent performance.
The top 10 holdings account for roughly 49% of NAV across 55 total holdings, led by Hindustan Unilever (8.86%), Mahindra & Mahindra (8.52%), and Bharti Airtel (5.16%). Sector concentration is highest in Automobiles at 18.7%, followed by Retailing (13.4%) and Consumer Durables (12.2%), giving meaningful exposure to domestic consumption cyclicals. The portfolio is reasonably diversified by holding count, but the theme naturally concentrates in consumption-linked sectors, which can amplify sector-specific downturns.
The fund outperforms the category average SIP XIRR over 3Y (17.77% vs 16.17%) and 5Y (18.43% vs 17.43%), showing competitive positioning among sectoral/thematic peers. Over 7Y, however, it trails the category average of 16.6% with a 13.85% XIRR. Calendar year returns show strong consistency in up years, including 35.19% in 2023 and 24.63% in 2021, but 2026's -6.71% highlights recent weakness.
This fund suits investors with high risk tolerance seeking targeted exposure to India's domestic consumption theme, rather than core diversified holdings. A time horizon of 5-7 years or longer is advisable, given thematic volatility and the gap between short-term and long-term performance. Investors should size it as a satellite allocation—typically 5-10% of an equity portfolio—and be prepared for periods of underperformance such as the recent 1Y return of 7.82%.
- Consistent alpha over the NIFTY 50 across long horizons, including 5.02% over 5Y and 3.82% over 7Y, with downside capture as low as 66.02% over 5Y
- SIP XIRR above category averages over 3Y (17.77% vs 16.17%) and 5Y (18.43% vs 17.43%)
- Low beta of roughly 0.70-0.76 versus the NIFTY 50, offering cushioning during market declines
- Recent 1Y XIRR of 7.82% trails the category average of 10.56%, and 7Y XIRR of 13.85% also lags the category's 16.6%
- High sector concentration with Automobiles at 18.7% of the portfolio introduces cyclical consumption risk typical of thematic funds
Generated on 01-11-2026, 3:02 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 | ₹12.80 L | 17.0% | -44.5% | 62.3% |
| 3 Years | ₹36.00 L | ₹46.83 L | 18.2% | -2.4% | 35.9% |
| 5 Years | ₹60.00 L | ₹94.72 L | 18.5% | 6.8% | 30.0% |
| 7 Years | ₹84.00 L | ₹1.37 Cr | 13.8% | 11.3% | 15.4% |
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 | 17.0% | 14.3% | 10.6% | +2.7% |
| 3 Years | 18.2% | 11.0% | 16.2% | +7.2% |
| 5 Years | 18.5% | 10.4% | 17.4% | +8.1% |
| 7 Years | 13.8% | 10.6% | 16.6% | +3.2% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 17.0% | 14.7% | -14.0% | 61.7% | 0.65 | 2.24 | 85% | — | — |
| 3 Years | 19.4% | 19.2% | 7.2% | 28.4% | 2.87 | — | 100% | — | — |
| 5 Years | 19.2% | 20.0% | 10.2% | 25.6% | 3.41 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +0.30 | 0.93 | 89.0% | 88.3% | -9.5% | -10.9% |
| 3 Years | +2.21 | 0.76 | 79.3% | 74.8% | 8.6% | 6.4% |
| 5 Years | +5.02 | 0.70 | 74.2% | 66.0% | 10.6% | 5.2% |
| 7 Years | +3.82 | 0.74 | 73.3% | 67.2% | 12.9% | 10.0% |
| 10 Years | +3.00 | 0.76 | 74.7% | 68.0% | 9.8% | 6.9% |
| 12 Years | +2.20 | 0.76 | 74.7% | 68.0% | 8.1% | 5.8% |
| 15 Years | +1.41 | 0.76 | 74.7% | 68.0% | 6.5% | 4.6% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Hindustan Unilever Ltd. | 9.30% |
| 2 | Mahindra & Mahindra Ltd. | 8.13% |
| 3 | Bharti Airtel Ltd. | 5.31% |
| 4 | Maruti Suzuki India Ltd. | 5.00% |
| 5 | Trent Ltd. | 4.63% |
| 6 | Eternal Ltd. | 4.14% |
| 7 | Interglobe Aviation Ltd. | 3.69% |
| 8 | The Indian Hotels Company Ltd. | 2.95% |
| 9 | Avenue Supermarts Ltd. | 2.95% |
| 10 | TVS Motor Company Ltd. | 2.87% |