ICICI Prudential Mutual Fund · Direct Growth · SEBI Category: Equity
ICICI Prudential PSU Equity Fund provides exposure to Central Public Sector Enterprises (CPSEs) — the largest government-owned companies including ONGC, NTPC, Coal India, Power Grid, BHEL, HAL, BEL, IOC and GAIL. ICICI Pru's macro research capabilities — particularly Sankaran Naren's contrarian perspective on PSU valuations — inform the portfolio's sector allocation within the PSU universe.
The fund uses Nifty CPSE Index as benchmark — reflecting its focus on Central Government enterprises specifically rather than the broader PSU universe. This means the portfolio is concentrated in the largest, most liquid government enterprises — primarily in energy, utilities and defence — rather than across all PSU segments including state government companies.
Mittul Kalawadia and Sri Sharma co-manage the ICICI Prudential PSU Equity Fund. Kalawadia brings research expertise across multiple equity mandates at ICICI Prudential MF. ICICI Pru's strong macro research capabilities — including understanding of government policy priorities, divestment plans and capital allocation mandates for PSU enterprises — support the fund's portfolio construction.
For current co-manager details and full biography, refer to the latest ICICI Prudential Mutual Fund factsheet on AMFI or the AMC website.
Informational points to help you form your own view — not judgements or recommendations.
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| Fund | NAV | AAUM | 1Y Return | 3Y CAGR | 5Y CAGR | Sharpe (3Y) |
|---|---|---|---|---|---|---|
| HDFC Defence Fund | ₹28.71 | ₹7.7K Cr Jan–Mar 2026 | +11.2% | +41.6% p.a. | — | — |
| SBI PSU Fund | ₹38.58 | ₹6.0K Cr Jan–Mar 2026 | +8.8% | +30.5% p.a. | +24.7% p.a. | 1.14 |
| Aditya Birla Sun Life PSU Equity Fund | ₹39.62 | ₹5.7K Cr Jan–Mar 2026 | +9.2% | +27.8% p.a. | +24.7% p.a. | 1.03 |
| Axis India Manufacturing Fund | ₹15.49 | ₹5.0K Cr Jan–Mar 2026 | +12.1% | — | — | — |
| ICICI Prudential PSU Equity Fund ▲ | ₹22.89 | ₹1.9K Cr Jan–Mar 2026 | +5.9% | +26.3% p.a. | — | 1.10 |
Calculated from 915 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)
Based on all rolling windows in full NAV history. Dates show the start and end of each period.
Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.
Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →
How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.
Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.
Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →
Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.
See how ICICI Prudential PSU Equity Fund ranks against other Equity funds on returns, drawdown, Sharpe ratio and AAUM — side by side.
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