📊 Multi Cap Fund · Deep Analysis

ICICI Prudential Multicap Fund

ICICI Prudential Mutual Fund · Direct Growth · SEBI Category: Multi Cap

Current NAV ₹934.2100 (+0.24% today) As of 04 Jun 2026
1 Year Return +6.5%
3 Year CAGR +19.8% p.a.
5 Year CAGR +17.2% p.a.
AAUM ₹15.7K Cr Jan–Mar 2026
All data from RightAdvise DB — calculated from 2,566 daily NAV records
Fund Overview

ICICI Prudential Multicap Fund — Quick Summary

ICICI Prudential Multicap Fund combines the research depth of ICICI Prudential AMC — one of India's leading fund houses — with the structured diversification of the SEBI multi cap mandate. The fund maintains minimum 25% each in large, mid and small cap stocks as required, with the remaining 25% deployed at the discretion of fund managers based on valuation signals.

The fund benefits from ICICI Prudential's large research team covering stocks across all market capitalizations. With a large AUM of over Rs.15,000 crore, it is well-positioned to efficiently deploy across all three market cap segments. The fund's approach within each segment mirrors ICICI Prudential's stock selection framework — quantitative screens combined with fundamental analysis.

Fund House
ICICI Prudential Mutual Fund
SEBI Category
Multi Cap
Benchmark
NIFTY 500 Multicap 50:25:25 TRI
Fund Manager
Anand Sharma, Mittul Kalawadia
AMFI Code
120599
Risk Level
Very High
NAV Records in DB
2,566 days
Quarterly Average AUM · Jan–Mar 2026
₹15.7K Cr
↓ Decreased by 0.8% vs Oct–Dec 2025 · ₹15.8K Cr
Official quarterly average AUM from AMFI disclosure. Published every 3 months.
📊
✓ Suitable For
Suited for long-term investors (7+ years) with moderate to high risk tolerance who want ICICI Prudential's research-driven approach applied across all market caps in a single fund.
ICICI Prudential's deep research capabilities across all market cap segments, structured 25-25-25 multi cap allocation, and the credibility of one of India's most trusted fund houses make this a reliable multi cap offering.
✗ Not Suitable For
Investors wanting flexible allocation across market caps — multi cap funds have mandatory 25-25-25 allocation unlike flexi cap funds. Those with horizons under 5 years. Investors seeking a single-style or single-cap exposure rather than a structurally diversified multi cap approach.
Who Runs This Fund

Fund Manager

AS
Anand Sharma, Mittul Kalawadia
ICICI Prudential Mutual Fund · Managing since 2018

Anand Sharma and Mittul Kalawadia co-manage the ICICI Prudential Multicap Fund. Mittul Kalawadia is also a co-manager of the ICICI Prudential Focused Equity Fund and brings research-intensive stock selection skills across market caps. Together they apply ICICI Prudential's research framework to build a diversified portfolio across large, mid and small cap segments.

For current co-manager details and full biography, refer to the latest ICICI Prudential Mutual Fund factsheet on AMFI or the AMC website.

What to Factor In

Things to Consider

Informational points to help you form your own view — not judgements or recommendations.

AMFI Code · Informational
AMFI Scheme Code: 120599
The official AMFI scheme code for ICICI Prudential Multicap Fund Direct Growth is 120599. Use this when transacting on platforms or verifying data across databases.
Important Note
Points Worth Knowing
SEBI's mandatory 25-25-25 multi cap rule means ICICI Pru Multicap must always maintain significant small cap exposure. Small caps add meaningful volatility and can drag performance in bear markets. This is a category-level structural point — not specific to ICICI Pru — but worth understanding before investing in any multi cap scheme.
Investment Objective
As per Scheme Information Document
To generate capital appreciation and income distribution to unit holders by investing predominantly in a well-diversified portfolio of equity and equity related securities across market capitalization.
All Data Below — From RightAdvise Database
Category Comparison

Top 5 Multi Cap Funds Compared

Live data. Current fund highlighted. Click any fund name for full analysis.

FundNAVAAUM1Y Return 3Y CAGR 5Y CAGR Sharpe (3Y)
Nippon India Multi Cap Fund ₹324.01 ₹48.4K Cr Jan–Mar 2026 -0.1% +18.3% p.a. +20.1% p.a. 0.99
ICICI Prudential Multicap Fund ▲ ₹934.21 ₹15.7K Cr Jan–Mar 2026 +6.5% +19.8% p.a. +17.2% p.a. 1.15
Kotak Multicap Fund ₹20.70 ₹23.1K Cr Jan–Mar 2026 +6.1% +21.7% p.a. 1.10
Mahindra Manulife Multi Cap Fund ₹43.06 ₹6.0K Cr Jan–Mar 2026 +8.3% +20.4% p.a. +18.0% p.a. 1.00
Franklin India Multi Cap Fund ₹10.50 ₹4.8K Cr Jan–Mar 2026 +4.7%
Best value in each column shown in green. AAUM from latest AMFI quarterly filing. Returns calculated from daily NAV history.
Performance

Fund Returns

Calculated from 2,566 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.

1M / 3M / 6M / 1Y — simple point-to-point return  ·  3Y / 5Y / 10Y — CAGR (compounded annual growth rate)

1 MonthPoint-to-point
+1.8%
3 MonthPoint-to-point
+5.3%
6 MonthPoint-to-point
+4.2%
1 YearPoint-to-point
+6.5%
3 YearCAGR
+19.8% p.a.
5 YearCAGR
+17.2% p.a.
10 YearCAGR
+16.1% p.a.
₹1 Lakh → 5YLump sum growth
₹216,704

Best & Worst Periods Ever

Based on all rolling windows in full NAV history. Dates show the start and end of each period.

Best 1Y WindowSimple return
+90.6%
Mar 2020 – Mar 2021
Worst 1Y WindowSimple return
-34.3%
Mar 2019 – Mar 2020
Best 3Y CAGRCAGR p.a.
+36.2% p.a.
Mar 2020 – Apr 2023
Worst 3Y CAGRCAGR p.a.
-6.8% p.a.
Feb 2017 – Mar 2020

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025
+6.6%
2024
+21.7%
2023
+36.5%
2022
+5.6%
2021
+37.6%
2020
+10.3%
2019
+7.0%
2018
+1.2%
2017
+29.6%
Consistency Analysis

Rolling Returns ℹ️ What is this?

Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →

1Y Rolling Avg
18.5%
Positive in 88% of windows
Best: 90.6% · Worst: -34.3%
3Y Rolling Avg
17.2% p.a.
Positive in 96% of windows
Best: 36.2% · Worst: -6.8%
5Y Rolling Avg
18.2% p.a.
Positive in 100% of windows
Best: 33.5% · Worst: 9.4%
1-Year Rolling Returns Each bar = 1Y return starting from that date
Risk Analysis

Maximum Drawdown ℹ️ What is this?

How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.

Max Drawdown Ever
-38.9%
Jan 2020 → Mar 2020
Recovered: Dec 2020 (1yr)
Current from Peak
-2.4%
All-time Peak: ₹955.33
Peak date: May 2026

How the fund behaved in key crisis periods

Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.

2024–25 Tariff / Correction
-17.3%
Sep 27, 2024 – Apr 7, 2025
Recovered: Apr 2026 (1yr 8mo)
COVID-19 Crash
-36.9%
Feb 19 – Mar 23, 2020
Recovered: Nov 2020 (11 mos)
2022 Rate Hike Cycle
-16.3%
Jan 17 – Jun 17, 2022
Recovered: Sep 2022 (4 mos)
2018 IL&FS Crisis
-13.1%
Aug 28 – Oct 26, 2018
Recovered: Jan 2020 (1yr 9mo)
Risk Metrics

Risk Ratios

Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →

Sharpe Ratio (3Y)
1.15
Return per unit of total risk. >1 is good. Learn more →
Sortino Ratio (3Y)
1.63
Like Sharpe but only penalises downside volatility. Learn more →
Std Deviation (3Y)
13.3%
Annualised monthly volatility. Lower = more consistent returns. Learn more →
📊
Want to see what ICICI Prudential Multicap Fund is actually holding?

Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.

Full current portfolio — all stocks, weights, sectors
New entries and exits over the last 3 months
Sector allocation and month-over-month changes
Updated monthly from official AMC disclosures
See Portfolio Holdings →
← Compare all Multi Cap Funds

See how ICICI Prudential Multicap Fund ranks against other Multi Cap funds on returns, drawdown, Sharpe ratio and AAUM — side by side.

Learn the Metrics
📖 Deep Dive
CAGR, Sharpe, Sortino & Std Dev
What these numbers mean and how to use them
📖 Deep Dive
Drawdown & Rolling Returns
Why these reveal more than any CAGR figure
⚠️ RightAdvise.com is NOT registered with SEBI. All content is for educational purposes only. Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully and consult a SEBI-registered advisor before investing.
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⚠️ RightAdvise.com is NOT registered with SEBI. All content is for educational purposes only. Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully and consult a SEBI-registered advisor before investing.