ICICI Prudential Multi Cap Fund

The fund’s 1-year, 3-year, 5-year, 7-year, 10-year, and 12-year SIP XIRRs are 13.84%, 18.75%, 18.19%, 16.27%, 17.18%, and 16.72%, respectively. It outperformed its category over 1 and 3 years by 2.53 and 4.00 percentage points but underperformed over 5, 7, 10, and 12 years by 0.89, 1.85, 0.80, and 0.34 percentage points, while its point-to-point fund CAGR exceeded the NIFTY 50 benchmark across all reported periods.

The reported maximum drawdown is -0.388784%, with a 66-day maximum-drawdown duration and 253-day recovery period; however, the reported eight drawdown events above 10% warrant clarification because they appear inconsistent with the stated maximum drawdown. Calmar ratios remain below 0.50 across all periods, indicating modest risk-adjusted returns relative to the reported drawdown measure, while calendar-year returns show meaningful variation, including 35.72% in 2023 and 36.94% in 2021 alongside several years below 10%.

The top 10 holdings constitute 24.15% of NAV, with the largest positions being Vedanta at 2.84%, Apar Industries at 2.79%, and InterGlobe Aviation at 2.64%. The five largest sectors account for 39.0% of NAV—led by Electrical Equipment at 9.1%, Industrial Products at 8.5%, and Auto Components at 8.2%—while 165 total holdings provide broad diversification and limit concentration in any single stock.

The fund is stronger than its category over shorter SIP horizons, leading the 1-year and 3-year category averages by 2.53 and 4.00 percentage points. Over longer horizons it trails its category moderately, including by 1.85 percentage points over 7 years and 0.80 percentage points over 10 years, so its relative category performance is positive recently but not consistently superior across the full investment history.

The fund may suit investors with a medium- to long-term horizon who seek diversified multi-cap exposure and are comfortable with equity-market and company-specific volatility. It is less appropriate for short-term goals or very low-risk investors, particularly because category-relative performance varies across periods and the drawdown and expense-ratio fields require verification before investment decisions.

• Outperformed the NIFTY 50 on fund CAGR across every reported horizon from 1 to 15 years, with 5-year alpha of 6.1281% and 3-year alpha of 5.94%.
• Delivered SIP XIRRs of 18.75% over 3 years and 18.19% over 5 years, surpassing the corresponding category averages over 3 years and coming close over 5 years.
• Maintained broad diversification through 165 holdings, with the top 10 stocks accounting for only 24.15% of NAV.

• Long-term SIP XIRR trails the category average over 5, 7, 10, and 12 years, with the largest shortfall of 1.85 percentage points over 7 years.
• The reported maximum drawdown of -0.388784% conflicts with eight drawdown events above 10%, while the expense ratio is unavailable and all Calmar ratios are below 0.50.