ICICI Prudential Conglomerate Fund
Direct · GrowthAI Summary
ICICI Prudential Conglomerate Fund has delivered a 1Y SIP XIRR of -0.58%, sharply underperforming the Sectoral/Thematic category average of 10.7%. However, on a lump-sum basis it has consistently beaten the NIFTY 50 across all periods, with the fund's 1Y CAGR of -2.7% versus the benchmark's -11.33% and positive alpha of 11.55% over 1Y. Alpha remains positive at every horizon, though it narrows from 11.55% (1Y) to 1.81% (15Y).
The fund carries a Beta of 1.1636, indicating higher volatility than the NIFTY 50, with upside capture of 116.41% exceeding downside capture of 102.24% — a favorable asymmetry. Current drawdown metrics are mild, with a maximum drawdown of just -0.14% recovered in 45 days, though the fund has experienced 2 drawdown events exceeding 10% historically. The consistent positive alpha across all time windows suggests reasonable risk-adjusted outperformance versus the benchmark despite elevated beta.
The portfolio is diversified across 40 holdings, led by Mahindra & Mahindra (8.18%) and CG Power (7.9%), with the top 10 holdings comprising roughly 49.7% of NAV. Sector exposure is spread across cyclical industries — Automobiles (14.6%), Cement (11.0%), and Ferrous Metals (10.9%) — with Finance (8.0%) providing some balance. This conglomerate-style approach favors India's large industrial and manufacturing franchises rather than a single narrow theme.
Against category peers, the fund lags significantly on SIP XIRR, with its -0.58% 1Y XIRR far below the category average of 10.7%. Its lump-sum record versus the NIFTY 50 is strong, but the category comparison suggests thematic peers have captured recent cycles better. Investors should weigh the fund's benchmark-beating consistency against its below-average standing within the Sectoral/Thematic category.
This fund suits investors with high risk tolerance seeking exposure to India's industrial, manufacturing, and financial conglomerates, ideally as a satellite allocation rather than a core holding. A horizon of 5-7 years or more is appropriate given the fund's cyclical portfolio and the long-term narrowing of alpha. Investors should be comfortable with periods of underperformance versus both benchmark and category peers.
- Positive alpha versus NIFTY 50 across every measured period, from 11.55% (1Y) to 1.81% (15Y)
- Favorable capture asymmetry with upside capture of 116.41% exceeding downside capture of 102.24%
- Diversified 40-stock portfolio with no single holding above 8.18% of NAV
- 1Y SIP XIRR of -0.58% dramatically trails the category average of 10.7%, indicating weak recent SIP performance versus peers
- Beta of 1.1636 and a cyclical, industrials-heavy portfolio (Automobiles, Cement, Metals totaling over 36%) expose investors to elevated economic-cycle risk
Generated on 20-10-2026, 3:08 AM. Verify before investing.
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 | ₹12.11 L | 1.6% | -9.9% | 10.5% |
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 | 1.6% | 14.3% | 10.7% | -12.7% |
Not enough data to compute rolling returns.
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +11.55 | 1.16 | 116.4% | 102.2% | -2.7% | -11.3% |
| 3 Years | +4.73 | 1.16 | 116.4% | 102.2% | -0.9% | -3.9% |
| 5 Years | +3.28 | 1.16 | 116.4% | 102.2% | -0.6% | -2.4% |
| 7 Years | +2.65 | 1.16 | 116.4% | 102.2% | -0.4% | -1.7% |
| 10 Years | +2.19 | 1.16 | 116.4% | 102.2% | -0.3% | -1.2% |
| 12 Years | +2.00 | 1.16 | 116.4% | 102.2% | -0.2% | -1.0% |
| 15 Years | +1.81 | 1.16 | 116.4% | 102.2% | -0.2% | -0.8% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Mahindra & Mahindra Ltd. | 8.18% |
| 2 | CG Power and Industrial Solutions Ltd. | 7.90% |
| 3 | Ultratech Cement Ltd. | 6.31% |
| 4 | TVS Motor Company Ltd. | 4.51% |
| 5 | APL Apollo Tubes Ltd. | 4.18% |
| 6 | Cholamandalam Investment And Finance Company Ltd. | 4.09% |
| 7 | JSW Steel Ltd. | 3.90% |
| 8 | Bajaj Finance Ltd. | 3.88% |
| 9 | Samvardhana Motherson International Ltd. | 3.55% |
| 10 | Coromandel International Ltd. | 3.28% |