April 2, 2026
RA Jainee
ICICI Prudential MNC Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 28.68 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 17.2 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY MNC TRI |
| AUM Rs. | 1,710 Cr |
| (As on 28-Feb-2026) | |
| Expense | 1.19% |
| 1 Year Return (%) | 2.61 |
| 3 Year Return (%) | 13.44 |
| 5 Year Return (%) | 13.18 |
| 10 Year Return (%) | — |
| Return Since Launch | 16.78% |
⚖️ Sahifund Review – ICICI Prudential MNC Fund ✔
✓ PLUS: ICICI Prudential MNC Fund has delivered healthy category-leading consistency in the MNC theme, with strong 3-year and 5-year returns and clear outperformance versus both category average and benchmark over longer periods. The fund benefits from the backing of ICICI Prudential Mutual Fund, a credible AMC, while its portfolio of 52 stocks gives decent diversification across quality multinational businesses. This theme can suit investors looking for quality-oriented, brand-driven businesses through a long-term SIP approach.
⚖️ MINUS: The fund’s 1-year return of 2.61% is only modest, showing that recent momentum has not been very exciting despite relative outperformance. Its expense ratio of 1.19% is on the higher side, and the portfolio remains somewhat tilted toward large-cap, quality-heavy names, which can sometimes lag during aggressive bull phases. The Top 10 holdings account for 46.30%, so concentration risk is also not negligible, while the thematic MNC space itself can go through long periods of underperformance.
Sahifund View:
A quality thematic fund for patient SIP investors, but best suited only if you want selective MNC exposure—not as a core standalone equity fund.
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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?
MNC funds are suitable for investors:
1. Seeking exposure in shares of multinational companies for high returns
2. Aiming for long-term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
Fund’s Investment Strategy:
The scheme seeks to generate long term capital appreciation by investing predominantly in equity and equity related securities within MNC space.
Fund Manager:
1) Roshan Chutkey
Education: Roshan Chutkey did his engineering from IIT Madras, MBA from IIM Lucknow and has a Masters in Finance degree from London Business School.
Experience: He is associated with ICICI Prudential AMC from February 2015 and has 12 years of overall experience in the industry.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 1 |
| 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 MNC Fund
| Fund House | ICICI Prudential Mutual Fund |
| Launch Date | 17-Jun-19 |
| Return Since Launch | 16.78% |
| Benchmark | NIFTY MNC TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets (Rs.) | 1,710 Cr |
| (As on 28-Feb-2026) | |
| Expense | 1.19% |
| (As on 31-Mar-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 51.00% |
ICICI Prudential MNC Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ICICI Pru MNC Dir | -10.54 | 0.00 | -9.21 | -10.54 | -6.06 | 2.61 | 13.44 | 13.18 | — | — |
| BSE 500 TRI | -13.94 | -2.28 | -11.37 | -13.94 | -9.62 | -3.11 | 12.89 | 11.75 | — | — |
| Equity: Thematic-MNC | -10.93 | 0.00 | -10.32 | -10.93 | -8.75 | 0.79 | 9.44 | 8.92 | — | — |
| Rank within category | 3 | 1 | 2 | 3 | 3 | 2 | 1 | 1 | — | — |
Peer Comparison of ICICI Prudential MNC 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 MNC Dir | Unrated | 2.61 | 13.44 | 13.18 | 1.19 | 1,710 | 16.78 | 1.00 (365) | 6Y 9M | 51.00 |
| SBI MNC Dir | Unrated | -2.04 | 6.04 | 8.22 | 1.30 | 5,841 | 13.40 | 1.00 (30) | 13Y 3M | 47.00 |
| ABSL MNC Dir | Unrated | -4.60 | 10.21 | 5.25 | 1.34 | 3,437 | 12.57 | 1.00 (90) | 13Y 3M | 23.00 |
| UTI MNC Dir | Unrated | -0.96 | 10.48 | 9.04 | 1.30 | 2,724 | 13.27 | 1.00 (364) | 13Y 3M | 27.00 |
| Kotak MNC Dir | Unrated | 12.68 | — | — | 0.64 | 2,007 | 1.65 | 0.50 (90) | 1Y 5M | 19.49 |
ICICI Prudential MNC Fund Portfolio
| No. of Stocks | 52 |
| Top 10 Stocks | 46.30% |
| Top 5 Stocks | 30.29% |
| Top 3 Sectors | 61.76% |
| Portfolio P/B Ratio | 5.47 |
| Portfolio P/E Ratio | 29.07 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 74,887 | 99,341 |
| Giant (%) | — | — |
| Large (%) | 47.63 | 51.08 |
| Mid (%) | 13.79 | 25.07 |
| Small (%) | 38.58 | 23.86 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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