ICICI Prudential MNC Fund
Direct · GrowthAI Summary
ICICI Prudential MNC Fund has delivered strong SIP XIRR of 15.54% over 1Y, 16.66% over 3Y, and 17.44% over 5Y, outpacing the category average SIP XIRR of 10.71% (1Y) and 16.3% (3Y), though marginally trailing at 5Y (17.48%). Against the NIFTY 50, the fund shows consistent alpha across all periods, including 8.77% in 1Y and 8.22% over 7Y, with lump-sum CAGR of 17.19% versus the benchmark's 10.19% over 7Y. Calendar year returns have been uneven, ranging from 42.58% in 2021 to -2.15% in 2026.
The fund exhibits low beta (0.67-0.79 across periods) and notably lower downside capture (59.72%-70.54%) than upside capture, indicating strong downside protection relative to the NIFTY 50. It has recorded 4 drawdown events exceeding 10%, with a maximum drawdown of -30.73% that took 135 days to recover. Calmar ratios between 0.60 and 0.71 across 1Y to 7Y windows suggest reasonable risk-adjusted returns for a sectoral/thematic product.
The 48-stock portfolio is led by Hindustan Unilever (6.99%), Maruti Suzuki (5.67%), Britannia (4.94%), and Nestle India (4.94%), with a consumer and auto orientation. Sector exposure is spread across pharmaceuticals (16.6%), auto components (11.7%), automobiles (10.6%), and food products (9.9%), avoiding extreme single-sector concentration. The top 10 holdings account for roughly 45% of NAV, indicating moderate concentration with meaningful diversification beyond.
The fund beats the category average SIP XIRR over 1Y (15.54% vs 10.71%) and 3Y (16.66% vs 16.3%), but slightly lags at 5Y (17.44% vs 17.48%) and 7Y (16.13% vs 16.63%). Its consistent positive alpha versus the NIFTY 50 across 1Y to 15Y windows demonstrates durable stock-selection skill. Long-term lump-sum CAGR of 12.1% over 10Y versus the benchmark's 6.7% reinforces its competitive standing among thematic peers.
This fund suits investors with high risk tolerance seeking thematic exposure to multinational companies in consumer, auto, and pharma sectors, and should be treated as a satellite holding rather than a core portfolio fund. A time horizon of at least 5-7 years is advisable given the thematic nature and the -30.73% maximum drawdown experienced. Investors should be comfortable with calendar-year volatility, as returns have swung from 42.58% in 2021 to -2.15% in 2026.
- Consistent positive alpha versus NIFTY 50 across all measured periods, including 8.77% over 1Y and 8.22% over 7Y
- Low downside capture (59.72%-70.54%) with beta below 0.8, offering better downside protection than the benchmark
- 1Y SIP XIRR of 15.54% significantly outperforms the category average of 10.71%
- Maximum drawdown of -30.73% with 4 drawdown events exceeding 10% highlights significant periodic losses typical of thematic funds
- SIP XIRR slightly trails category averages over longer horizons of 5Y (17.44% vs 17.48%) and 7Y (16.13% vs 16.63%)
Generated on 17-10-2026, 2:13 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 | ₹12.82 L | 22.6% | -22.5% | 94.9% |
| 3 Years | ₹36.00 L | ₹46.48 L | 17.8% | 2.6% | 29.6% |
| 5 Years | ₹60.00 L | ₹88.05 L | 17.6% | 8.5% | 28.6% |
| 7 Years | ₹84.00 L | ₹1.49 Cr | 16.2% | 13.5% | 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 | 22.6% | 14.3% | 10.7% | +8.4% |
| 3 Years | 17.8% | 11.0% | 16.3% | +6.7% |
| 5 Years | 17.6% | 10.4% | 17.5% | +7.2% |
| 7 Years | 16.2% | 10.6% | 16.6% | +5.6% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 21.9% | 15.2% | -7.9% | 104.5% | 0.72 | 5.26 | 93% | — | — |
| 3 Years | 20.0% | 19.7% | 8.8% | 37.3% | 2.38 | — | 100% | — | — |
| 5 Years | 20.4% | 21.8% | 9.6% | 29.7% | 2.77 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +6.85 | 0.76 | 80.0% | 69.3% | -0.3% | -11.4% |
| 3 Years | +3.47 | 0.70 | 74.3% | 67.8% | 9.1% | 5.3% |
| 5 Years | +4.55 | 0.69 | 72.4% | 64.7% | 9.6% | 4.4% |
| 7 Years | +8.22 | 0.67 | 71.1% | 60.9% | 17.2% | 10.2% |
| 10 Years | +5.28 | 0.66 | 70.1% | 59.6% | 12.1% | 7.0% |
| 12 Years | +3.96 | 0.66 | 70.1% | 59.6% | 10.0% | 5.8% |
| 15 Years | +2.66 | 0.66 | 70.1% | 59.6% | 7.9% | 4.6% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Hindustan Unilever Ltd. | 6.99% |
| 2 | Maruti Suzuki India Ltd. | 5.67% |
| 3 | Britannia Industries Ltd. | 4.94% |
| 4 | Nestle India Ltd. | 4.94% |
| 5 | Sona Blw Precision Forgings Ltd. | 4.50% |
| 6 | Sun Pharmaceutical Industries Ltd. | 4.20% |
| 7 | Hyundai Motor India Ltd. | 3.86% |
| 8 | Vedanta Aluminium Metal Ltd. | 3.81% |
| 9 | Dr. Reddy's Laboratories Ltd. | 3.48% |
| 10 | United Spirits Ltd. | 3.14% |