ICICI Prudential MNC Fund
Direct · GrowthAI Summary
ICICI Prudential MNC Fund has delivered strong SIP XIRR of 23.10% over 1Y, 18.18% over 3Y, and 18.07% over 5Y, outperforming the category average SIP XIRR of 14.1%, 16.82%, and 16.95% respectively. Against the NIFTY 50, the fund generated consistent alpha of 12.55% (1Y), 5.84% (3Y), and 5.90% (5Y), with lump-sum Fund CAGR of 13.36% over 5Y versus the benchmark's 7.89%. This outperformance has persisted across nearly all measured periods, including 7Y alpha of 9.18%.
The fund exhibits low beta of 0.66-0.79 versus the NIFTY 50, with downside capture consistently below upside capture (e.g., 5Y: 73.23% upside vs 64.04% downside), indicating a defensive profile. It recorded 3 drawdown events exceeding 10%, with a maximum drawdown of -30.73% that took 135 days to recover. Calmar ratios of 0.61-0.73 across 1Y to 7Y horizons reflect reasonable risk-adjusted returns given the drawdown history.
The 51-stock portfolio is led by Hindustan Unilever (7.47%), Maruti Suzuki (5.96%), and Britannia (5.11%), with the top 10 holdings comprising roughly 46% of NAV. Sector allocation is diversified across Pharmaceuticals & Biotechnology (16.2%), Auto Components (11.1%), Automobiles (10.4%), and Food Products (10.1%), with consumer-facing sectors dominating. The portfolio tilts toward established MNC franchises in FMCG, autos, and pharma rather than a single narrow theme.
The fund beats the sectoral/thematic category average SIP XIRR across 1Y, 3Y, 5Y, and 7Y horizons, with the widest gap in 1Y (23.10% vs 14.1%). Calendar year returns show strong consistency in favorable years, including 42.58% in 2021 and 27.72% in 2023, though gains were muted in 2022 (0.2%) and 2025 (5.7%). This track record suggests the MNC theme has been a durable performer within its category.
This fund suits investors with high risk tolerance seeking thematic exposure to multinational companies, ideally as a satellite allocation of 10-20% of the equity portfolio rather than a core holding. A minimum horizon of 5-7 years is advisable to ride out sector cycles, as evidenced by flat years like 2022 and the -30.73% max drawdown. Investors should be comfortable with concentration risk inherent to thematic funds even though this one is relatively diversified across sectors.
- Consistent alpha over the NIFTY 50 across all measured periods, including 9.18% over 7Y and 12.55% over 1Y
- Favorable asymmetry with downside capture well below upside capture (5Y: 64.04% vs 73.23%), cushioning losses in weak markets
- SIP XIRR beats the category average across 1Y, 3Y, 5Y, and 7Y horizons, with a 9 percentage point lead in 1Y
- Maximum drawdown of -30.73% with 3 drawdown events exceeding 10% highlights significant capital loss risk during market stress
- As a sectoral/thematic fund, it carries higher concentration and cycle risk than diversified equity funds, making it unsuitable as a core holding
Generated on 06-09-2026, 7:48 PM. 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 | ₹12.85 L | 23.1% | -22.5% | 94.9% |
| 3 Years | ₹36.00 L | ₹46.72 L | 18.2% | 2.6% | 29.6% |
| 5 Years | ₹60.00 L | ₹88.78 L | 18.1% | 8.5% | 28.6% |
| 7 Years | ₹84.00 L | ₹1.50 Cr | 16.6% | 15.6% | 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 | 23.1% | 14.4% | 14.1% | +8.7% |
| 3 Years | 18.2% | 11.1% | 16.8% | +7.1% |
| 5 Years | 18.1% | 10.4% | 16.9% | +7.6% |
| 7 Years | 16.6% | 10.6% | 16.5% | +6.1% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 22.3% | 15.7% | -7.9% | 104.5% | 0.74 | 5.42 | 93% | — | — |
| 3 Years | 20.4% | 19.9% | 10.6% | 37.3% | 2.55 | — | 100% | — | — |
| 5 Years | 21.1% | 22.1% | 12.9% | 29.7% | 3.22 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +12.55 | 0.79 | 86.6% | 66.9% | 12.0% | -2.4% |
| 3 Years | +5.84 | 0.70 | 76.1% | 66.5% | 13.3% | 7.8% |
| 5 Years | +5.90 | 0.69 | 73.2% | 64.0% | 13.4% | 7.9% |
| 7 Years | +9.18 | 0.66 | 70.9% | 59.8% | 19.2% | 11.9% |
| 10 Years | +5.86 | 0.66 | 70.5% | 59.0% | 13.1% | 7.6% |
| 12 Years | +4.42 | 0.66 | 70.5% | 59.0% | 10.8% | 6.3% |
| 15 Years | +3.03 | 0.66 | 70.5% | 59.0% | 8.5% | 5.0% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Hindustan Unilever Ltd. | 7.47% |
| 2 | Maruti Suzuki India Ltd. | 5.96% |
| 3 | Britannia Industries Ltd. | 5.11% |
| 4 | Nestle India Ltd. | 4.98% |
| 5 | Sona Blw Precision Forgings Ltd. | 4.27% |
| 6 | Sun Pharmaceutical Industries Ltd. | 4.22% |
| 7 | Vedanta Aluminium Metal Ltd. | 3.98% |
| 8 | Hyundai Motor India Ltd. | 3.82% |
| 9 | United Spirits Ltd. | 3.20% |
| 10 | Gland Pharma Ltd. | 3.08% |