ICICI Prudential Flexicap Fund
Direct · GrowthAI Summary
ICICI Prudential Flexicap Fund has delivered strong SIP XIRR of 19.73% over 3Y and 15.43% over 5Y, beating the category averages of 14.89% and 15.64% respectively. Against the NIFTY 50, the fund shows consistent alpha across all periods, including 16.66% in 1Y and 11.64% in 3Y, with lump-sum CAGRs of 19.33% (3Y) versus the benchmark's 7.75%. The 1Y XIRR of 18.30% also comfortably exceeds the category average of 15.6%.
The fund exhibits strong downside protection with downside capture of 82.75% over 5Y and 87.22% over 3Y, meaning it falls significantly less than the NIFTY 50 in weak markets. The maximum drawdown of just -0.20% with a 201-day recovery, and only 3 drawdown events exceeding 10%, indicates contained loss severity. Calmar ratios above 0.84 across 1Y, 3Y, and 5Y windows reflect solid risk-adjusted returns.
The portfolio is concentrated in Automobiles (19.7%) and Banks (17.4%), with TVS Motor (10.06%) and ICICI Bank (7.64%) as the top two positions. With 64 total holdings, the fund is reasonably diversified, though the top 10 holdings account for roughly 46% of NAV. Retailing exposure of 10.7% via Avenue Supermarts and Eternal adds a consumption tilt alongside the auto and banking core.
The fund outperforms the category average SIP XIRR at both 1Y (18.30% vs 15.6%) and 3Y (19.73% vs 14.89%), while matching it closely at 5Y (15.43% vs 15.64%). Calendar year returns show consistency, with positive returns every year from 2021 to 2026, including 28.76% in 2023 and 22.32% in 2024. This combination of above-average returns and low drawdowns positions it favorably among flexicap peers.
This fund suits investors seeking a core flexicap holding with a proven ability to limit downside while generating benchmark-beating alpha. A time horizon of at least 5 years is recommended to fully capture the fund's long-term outperformance pattern. Investors with moderate risk tolerance who value capital protection during market corrections, as evidenced by the 82-89% downside capture, will find this fund appropriate.
- Consistent alpha over the NIFTY 50 across all measured periods, from 16.66% (1Y) to 2.18% (15Y)
- Superior downside capture of 82.75% over 5Y, limiting losses in falling markets
- 3Y SIP XIRR of 19.73% significantly outpaces the category average of 14.89%
- Heavy sector concentration in Automobiles (19.7%) plus Auto Components (6.1%), creating cyclical exposure
- TVS Motor at 10.06% of NAV represents a sizable single-stock concentration risk
- 5Y SIP XIRR of 15.43% marginally trails the category average of 15.64%
Generated on 11-09-2026, 3:18 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 | ₹12.97 L | 18.3% | -20.4% | 56.3% |
| 3 Years | ₹36.00 L | ₹47.17 L | 19.7% | 4.0% | 35.8% |
| 5 Years | ₹60.00 L | ₹87.00 L | 15.4% | 12.9% | 17.4% |
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 | 18.3% | 14.4% | 15.6% | +3.9% |
| 3 Years | 19.7% | 11.1% | 14.9% | +8.6% |
| 5 Years | 15.4% | 10.4% | 15.6% | +5.0% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 18.2% | 13.2% | -2.2% | 50.9% | 0.84 | 7.56 | 99% | — | — |
| 3 Years | 20.2% | 20.2% | 15.3% | 24.9% | 6.16 | — | 100% | — | — |
| 5 Years | 16.6% | 16.8% | 15.9% | 17.1% | 25.78 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +16.66 | 1.06 | 111.2% | 88.9% | 13.2% | -2.9% |
| 3 Years | +11.64 | 0.95 | 101.8% | 87.2% | 19.3% | 7.8% |
| 5 Years | +9.19 | 0.89 | 94.1% | 82.8% | 16.9% | 7.8% |
| 7 Years | +5.79 | 0.89 | 93.1% | 82.3% | 12.2% | 6.4% |
| 10 Years | +3.72 | 0.89 | 93.1% | 82.3% | 8.4% | 4.5% |
| 12 Years | +2.94 | 0.89 | 93.1% | 82.3% | 7.0% | 3.7% |
| 15 Years | +2.18 | 0.89 | 93.1% | 82.3% | 5.5% | 2.9% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | TVS Motor Company Ltd. | 10.06% |
| 2 | ICICI Bank Ltd. | 7.64% |
| 3 | Maruti Suzuki India Ltd. | 6.42% |
| 4 | Avenue Supermarts Ltd. | 4.18% |
| 5 | Eternal Ltd. | 3.68% |
| 6 | HDFC Bank Ltd. | 3.44% |
| 7 | Axis Bank Ltd. | 3.22% |
| 8 | RR Kabel Ltd. | 2.57% |
| 9 | Infosys Ltd. | 2.41% |
| 10 | Mahindra & Mahindra Ltd. | 2.35% |