ICICI Prudential Flexicap Fund turns Rs 10,000 monthly SIP into nearly Rs 9 lakh in 5 years

ICICI Prudential Flexicap Fund turned a Rs 10,000 monthly SIP into Rs 8.47 lakh as of June 30, 2026, delivering an XIRR of 13.83% since its inception five years ago. The total investment during this period amounted to Rs 6 lakh.

Over the same period, the benchmark BSE 500 TRI would have delivered an XIRR of 10.43%. A Rs 10,000 monthly SIP would have grown to Rs 4.17 lakh over the last three years, with an XIRR of 9.95%, and to Rs 1.23 lakh over the last one year, with an XIRR of 6.19%.

The flexi cap fund also turned a Rs 10 lakh lump sum investment into Rs 19.61 lakh since its inception, delivering a CAGR of 14.55%. In comparison, the same investment in its benchmark, BSE 500 TRI, would have grown to Rs 17.4 lakh, translating into a CAGR of 11.88%.


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Over the last five years, the scheme's NAV has nearly doubled, supported by a disciplined investment process and a consistently high active share.

Launched on July 17, 2021, the fund follows an investment philosophy centred on the belief that "growth creates value." It seeks to identify high-growth opportunities through a pure bottom-up stock-picking approach.

According to the fund house, three key factors have driven the scheme's performance.

First, the fund maintains a high-conviction portfolio with an active share, measuring deviation from the benchmark, of more than 60%, making it largely benchmark-agnostic.

Second, it aims to build a portfolio of companies that have the potential to recover faster and outperform broader markets during periods of drawdown. As a result, the scheme's NAV has historically recovered more quickly than the broader market following corrections.

Third, the portfolio's market-cap allocation has evolved over time as a natural outcome of its bottom-up stock selection process, rather than through top-down allocation decisions.

"The last five years have been a rewarding yet challenging journey. Throughout this period, we have remained committed to our core investment philosophy of identifying quality businesses through bottom-up research, backing strong management teams, and investing with a long-term perspective," said Rajat Chandak, Senior Fund Manager, ICICI Prudential AMC.

"Rather than making tactical cash calls, our focus has been on owning businesses with sustainable growth potential and holding them through market cycles. We believe that disciplined stock selection and staying true to our investment framework have been the key drivers of the fund's journey so far."

"As we look ahead, while markets will continue to witness periods of uncertainty and volatility, we remain optimistic about the long-term opportunities in Indian equities and continue to focus on businesses that can deliver sustainable growth and create long-term wealth for our investors," Chandak added.

In terms of portfolio construction, 60-65% of the portfolio is allocated to growth-oriented companies, while 30-35% is invested in contra and cyclical opportunities.

According to the fund house, the growth portfolio comprises companies with a strong execution track record, professional management, healthy earnings visibility, and consistent market-share gains. For contra opportunities, the scheme follows a buy-and-hold approach, particularly during periods of market volatility.

As of June 30, 2026, the portfolio remained largely tilted towards consumption-oriented sectors.

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The scheme is currently managed by Rajat Chandak. ICICI Prudential Flexicap Fund is an open-ended dynamic equity scheme that invests across large-cap, mid-cap, and small-cap stocks.

The fund is suitable for investors seeking long-term wealth creation through a diversified equity portfolio spanning large-, mid-, and small-cap companies.

(Disclaimer: Recommendations, suggestions, views, and opinions expressed by the experts are their own and do not necessarily reflect the views of The Economic Times)

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