December 29, 2025
RA Jainee
ICICI Prudential Flexicap Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 20.81 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 19.11 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | BSE 500 TRI |
| AUM Rs. | 20,055 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.76% |
| 1 Year Return (%) | 9.64 |
| 3 Year Return (%) | 20.97 |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 17.92% |
⚖️ Sahifund Review — ICICI Prudential Flexicap Fund ✓
PLUS: Stability, track record, cost efficiency
ICICI Prudential Flexicap Fund offers true flexibility across market caps, allowing the fund manager to dynamically shift between large, mid and small caps as opportunities evolve. Since its 2021 launch, the fund has delivered a healthy 3-year return of ~21%, outperforming the flexi-cap category and benchmark. The portfolio reflects a blend of quality large caps with selective mid–small cap bets, helping balance growth and stability. A reasonable expense ratio of 0.76% supports long-term compounding, while backing from ICICI Prudential Mutual Fund adds comfort on process strength and risk controls.
MINUS: Large AUM, large-cap bias, momentum lag
With assets of over Rs. 20,000 Cr, sharp outperformance can be incremental rather than aggressive. The portfolio shows high top-10 stock concentration (~47%), which can increase short-term volatility. Valuations are relatively rich, and during strong mid/small-cap rallies the fund may lag high-octane peers due to its quality bias.
Decisive Line (Sahifund View):
A solid core flexi-cap SIP option for investors seeking manager-led asset allocation, consistency and controlled risk over a 5+ year horizon.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.
This is a flexi-cap fund where the fund management team has complete freedom to invest in companies of different sizes, depending on where it expects maximum gains. This versatility makes flexi-cap funds most suitable for equity fund investors, as the job of stock selection is left completely to the fund manager, which is the very idea of investing in a mutual fund.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to generate long-term capital appreciation by investing predominately in equity & equity related instruments across market capitalization.
Fund Manager:
1) Rajat Chandak
Education: Mr. Chandak is a B.Com (H) and MBA.
Experience: He has been associated with ICICI Prudential AMC since 2008.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 365 days |
Basic Details of ICICI Prudential Flexicap Fund
| Fund House | ICICI Prudential Mutual Fund |
| Launch Date | 17-Jul-21 |
| Return Since Launch | 17.92% |
| Benchmark | BSE 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 20,055 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.76% |
| (As on 30-Nov-2025) | |
| Risk Grade | Below Average |
| Return Grade | Above Average |
| Turnover | 25.00% |
Trailing Returns (%) of ICICI Prudential Flexicap Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ICICI Pru Flexicap Dir | 10.40 | -0.57 | -1.61 | 2.71 | 6.83 | 9.64 | 20.97 | — | — | — |
| BSE 500 TRI | 7.20 | -0.30 | -0.72 | 4.73 | 1.72 | 6.97 | 16.64 | — | — | — |
| Equity: Flexi Cap | 4.61 | -0.39 | -1.07 | 3.81 | 1.22 | 4.29 | 17.95 | — | — | — |
| Rank within category | 11 | 102 | 86 | 85 | 2 | 10 | 17 | — | — | — |
| Number of funds in category | 95 | 114 | 112 | 109 | 101 | 94 | 72 | 55 | 42 | 35 |
Peer Comparison of ICICI Prudential Flexicap Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| ICICI Pru Flexicap Dir | 4 star | 9.64 | 20.97 | — | 0.76 | 20,055 | 17.92 | 1.00 (365) | 4Y 5M | 25.00 |
| Parag Parikh Flexi Cap Dir | 5 star | 8.56 | 23.07 | 21.04 | 0.63 | 1,29,783 | 19.57 | 2.00 (365) | 12Y 7M | 12.67 |
| HDFC Flexi Cap Dir | 5 star | 11.41 | 22.40 | 24.65 | 0.67 | 94,069 | 16.91 | 1.00 (365) | 12Y 11M | 12.51 |
| SBI Focused Dir | 4 star | 16.08 | 19.64 | 18.04 | 0.75 | 42,773 | 16.09 | 0.25 (30) | 12Y 11M | 37.00 |
| HDFC Focused Dir | 5 star | 11.55 | 22.59 | 25.88 | 0.62 | 26,230 | 15.78 | 1.00 (365) | 12Y 11M | 13.75 |
Portfolio Analysis of ICICI Prudential Flexicap Fund
| No. of Stocks | 73 |
| Top 10 Stocks | 47.40% |
| Top 5 Stocks | 33.30% |
| Top 3 Sectors | 69.34% |
| Portfolio P/B Ratio | 5.36 |
| Portfolio P/E Ratio | 34.18 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,34,208 | 1,83,488 |
| Giant (%) | 59.26 | 49.57 |
| Large (%) | 5.93 | 21.41 |
| Mid (%) | 22.16 | 23.80 |
| Small (%) | 12.65 | 6.21 |
| Tiny (%) | — | 0.79 |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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