ICICI Prudential Flexi Cap Fund
Direct · GrowthAI Summary
ICICI Prudential Flexi Cap Fund has delivered strong SIP-backed returns of 18.71% over 3 years and 13.09% over 1 year, beating the category average SIP XIRR of 14.7% and 9.41% respectively, though its 5Y XIRR of 15.33% trails the category's 16.06%. The fund shows consistent outperformance versus the NIFTY 50 with positive alpha across all periods, including 9.2% in 1Y and 8.18% in 5Y. Lump-sum CAGR of 14.06% over 5 years versus the benchmark's 5.81% underscores the breadth of this outperformance.
The fund exhibits modest downside sensitivity with a beta of 0.88-1.01 and a downside capture of just 83.77% over 5 years, meaning it lost significantly less than the benchmark in falling markets. Risk-adjusted returns are solid, with a Calmar ratio above 1.0 over 3Y, though the maximum drawdown of about -0.2% took 201 days to recover. Longer-horizon capture ratios of 82% downside versus 92% upside confirm favorable asymmetric risk behavior.
The portfolio is anchored by TVS Motor Company (9.51%) and ICICI Bank (6.9%), with automobiles (18.2%) and banks (16.6%) as the dominant sectors and retailing (11.8%) adding a consumption tilt. With 69 total holdings, diversification is adequate at the stock level, though the top 10 names hold roughly 43% of the portfolio. Recent additions like Lenskart Solutions indicate participation in newer market opportunities.
The fund outpaces its category on 1Y and 3Y SIP XIRR by roughly 3.7-4 percentage points, though it lags the 5Y, 10Y, and 12Y category averages by under 1 percentage point, suggesting strong recent form rather than decade-long leadership. Calendar year returns have been consistently positive since 2021, ranging from 2.2% to 28.76%. This track record points to a reliably managed fund near the top of its peer group in recent years.
This fund suits investors seeking diversified large-and-mid-cap exposure with a proven alpha-generating manager and tolerance for moderate equity volatility. A horizon of at least 5 years is appropriate to ride out drawdowns, which can take over 200 days to recover. It fits SIP investors looking for category-beating medium-term returns and lump-sum investors who value downside protection.
- Consistent alpha versus NIFTY 50 across all periods, from 9.2% at 1Y to 1.9% at 15Y
- Strong downside capture of 83.77% over 5 years with beta below 1, indicating resilience in market corrections
- 3Y SIP XIRR of 18.71% meaningfully beats the category average of 14.7%
- Heavy sector concentration in Automobiles (18.2%) plus Auto Components (6.5%) creates cyclical exposure of nearly 25%
- 5Y and longer SIP XIRR slightly trail category averages, showing weaker long-term relative performance versus recent form
Generated on 08-11-2026, 3:03 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 | ₹12.90 L | 17.8% | -20.4% | 56.3% |
| 3 Years | ₹36.00 L | ₹46.87 L | 18.8% | 4.0% | 35.8% |
| 5 Years | ₹60.00 L | ₹86.73 L | 15.1% | 12.2% | 17.5% |
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 | 17.8% | 14.3% | 9.5% | +3.5% |
| 3 Years | 18.8% | 11.0% | 14.7% | +7.8% |
| 5 Years | 15.1% | 10.4% | 16.1% | +4.7% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 17.5% | 12.4% | -3.8% | 50.9% | 0.78 | 5.96 | 98% | — | — |
| 3 Years | 19.8% | 19.9% | 13.8% | 24.9% | 5.32 | — | 100% | — | — |
| 5 Years | 15.3% | 15.3% | 13.1% | 17.2% | 6.71 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +8.94 | 0.99 | 99.1% | 88.3% | 6.9% | -2.1% |
| 3 Years | +7.94 | 0.93 | 97.5% | 87.5% | 16.7% | 8.9% |
| 5 Years | +8.03 | 0.89 | 93.9% | 83.8% | 14.8% | 6.8% |
| 7 Years | +5.13 | 0.88 | 91.7% | 82.4% | 12.0% | 7.0% |
| 10 Years | +3.25 | 0.88 | 91.7% | 82.4% | 8.3% | 4.8% |
| 12 Years | +2.54 | 0.88 | 91.7% | 82.4% | 6.8% | 4.0% |
| 15 Years | +1.87 | 0.88 | 91.7% | 82.4% | 5.5% | 3.2% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | TVS Motor Company Ltd. | 9.51% |
| 2 | ICICI Bank Ltd. | 6.90% |
| 3 | Maruti Suzuki India Ltd. | 4.48% |
| 4 | Avenue Supermarts Ltd. | 4.18% |
| 5 | Eternal Ltd. | 3.73% |
| 6 | Mahindra & Mahindra Ltd. | 3.46% |
| 7 | HDFC Bank Ltd. | 3.12% |
| 8 | Axis Bank Ltd. | 3.08% |
| 9 | Bharti Airtel Ltd. | 2.42% |
| 10 | Lenskart Solutions Ltd. | 2.36% |