ICICI Prudential Transportation and Logistics Fund
Direct · GrowthAI Summary
The fund has delivered strong returns, with a 1Y SIP XIRR of 29.01% and 3Y SIP XIRR of 20.88%, well ahead of the category averages of 14.1% and 16.82% respectively. Against the NIFTY 50, it has generated substantial alpha across horizons, including 24.81% over 1Y and 18.35% over 3Y, while the benchmark posted a negative 1Y CAGR of -2.9%. Lump-sum performance is also robust, with 3Y rolling returns averaging 26.89% versus a 3Y fund CAGR of 26.17%.
Risk metrics are unusually benign, with a maximum drawdown of just -0.24% and only 2 drawdown events exceeding 10%, though the longest drawdown lasted 192 days with a 150-day recovery. Calmar ratios of 1.23 (1Y) and 1.14 (3Y) indicate solid risk-adjusted returns. However, the 1Y beta of 1.25 and downside capture of 96.8% show the fund amplifies market moves and falls nearly as much as the index in down markets.
The portfolio is heavily tilted toward automobiles, which account for 42.6% of assets, with auto components adding another 17.8%. Top holdings include Mahindra & Mahindra (13.16%), Eternal (9.56%), and TVS Motor (8.08%), with the top 10 positions making up roughly 64% of the 38-stock portfolio. This concentration reflects the thematic mandate but exposes investors to cyclical auto and logistics sector risk.
The fund clearly outperforms its sectoral/thematic category on SIP XIRR, beating the 1Y category average by nearly 15 percentage points (29.01% vs 14.1%) and the 3Y average by about 4 points (20.88% vs 16.82%). Calendar year returns show strong consistency in recent years, with 46.49% in 2023, 26.82% in 2024, and 18.21% in 2025, though 2022 saw a -2.98% decline. Long-term alpha persistence is evident, with positive alpha across all periods from 1Y through 15Y.
This fund suits investors with high risk tolerance who want tactical exposure to the transportation, logistics, and auto sectors, and who already hold diversified core equity funds. A horizon of at least 5-7 years is advisable given the sector's cyclicality, as seen in the 2022 negative return and the fund's sensitivity to market downturns. Investors should be comfortable with concentration risk and potential periods of underperformance when the auto cycle turns.
- SIP XIRR of 29.01% (1Y) and 20.88% (3Y) significantly outpaces category averages of 14.1% and 16.82%
- Consistent positive alpha versus NIFTY 50 across all measured horizons, from 24.81% (1Y) to 4.05% (15Y)
- Strong downside protection relative to upside, with 3Y downside capture of 89.67% versus upside capture of 111.31%
- Heavy sector concentration, with automobiles and auto components together comprising over 60% of the portfolio
- Elevated 1Y beta of 1.25 and downside capture of 96.8% indicate amplified volatility and limited protection in market declines
Generated on 11-09-2026, 3:07 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 | ₹13.52 L | 29.0% | -26.0% | 80.4% |
| 3 Years | ₹36.00 L | ₹48.28 L | 20.9% | 8.8% | 31.5% |
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 | 29.0% | 14.4% | 14.1% | +14.6% |
| 3 Years | 20.9% | 11.1% | 16.8% | +9.8% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 29.1% | 20.8% | -3.4% | 70.5% | 1.04 | 12.74 | 98% | — | — |
| 3 Years | 26.9% | 27.3% | 21.6% | 32.1% | 7.13 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +24.81 | 1.25 | 128.7% | 96.8% | 19.6% | -2.9% |
| 3 Years | +18.35 | 1.06 | 111.3% | 89.7% | 26.2% | 7.8% |
| 5 Years | +13.21 | 1.00 | 105.6% | 83.3% | 19.1% | 5.9% |
| 7 Years | +9.12 | 1.00 | 105.6% | 83.3% | 13.3% | 4.2% |
| 10 Years | +6.21 | 1.00 | 105.6% | 83.3% | 9.1% | 2.9% |
| 12 Years | +5.13 | 1.00 | 105.6% | 83.3% | 7.6% | 2.4% |
| 15 Years | +4.05 | 1.00 | 105.6% | 83.3% | 6.0% | 1.9% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Mahindra & Mahindra Ltd. | 13.16% |
| 2 | Eternal Ltd. | 9.56% |
| 3 | TVS Motor Company Ltd. | 8.08% |
| 4 | Maruti Suzuki India Ltd. | 7.05% |
| 5 | Interglobe Aviation Ltd. | 5.95% |
| 6 | Tata Motors Ltd. | 5.41% |
| 7 | Hyundai Motor India Ltd. | 4.56% |
| 8 | Bajaj Auto Ltd. | 4.47% |
| 9 | Ashok Leyland Ltd. | 2.99% |
| 10 | Eicher Motors Ltd. | 2.98% |