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NS Wealth Research
ICICI Prudential Multi Cap Fund
Details as per 28-Feb-2026
NSW RANK – 3
For March 2026
Category : Multi Cap Equity Scheme
Who should Invest?
The ICICI Prudential MultiCap fund is most suitable for investors with a high-risk appetite, as a significantly large portion of the portfolio will always be invested in Mid-Cap and Small-Cap stocks. The fund management style of the scheme is also very aggressive, very bottom-up and stock-specific, which is reflected in the scheme’s portfolio turnover ratio. The scheme is not suitable for short-term financial goals over a 2- to 3-year period. Still, it is well-suited for long-term investors seeking aggressive, high returns with high volatility in between. The overall performance of the scheme indicates that the fund management is quite efficient at providing downside protection.
Available Options:
Growth , IDCW (Income Distribution cum Capital Withdrawal) , IDCW Reinvestment:
Latest Returns:
| 1 Year | 3 Year | 5 Year |
|---|---|---|
| 5% | 21% | 21% |
Portfolio Details
| Top Sector Holdings | Details |
|---|---|
| Materials | 28.62% |
| Industrials | 20.39% |
| Financials | 16.02% |
| Consumer Discretionary | 15.64% |
| Technology | 6.35% |
| Real Estate | 3.69% |
| Healthcare | 3.58% |
| Diversified | 1.94% |
| Consumer Staples | 1.20% |
| Energy & Utilities | 0.27% |
| Portfolio Concentration | Details |
|---|---|
| No. of Stocks | 146 |
| Top 10 Stocks | 26.54% |
| Top 5 Stocks | 16.59% |
| Top 3 Sectors | 65% |
| Portfolio P/B Ratio | 3.72 |
| Portfolio P/E Ratio | 35.68 |
| Top Stock Holdings | Details |
|---|---|
| Vedanta | 5.00% |
| Bharti Airtel | 3.63% |
| Jindal Steel | 2.90% |
| Ultratech Cement | 2.86% |
| BSE | 2.56% |
| Interglobe Aviation | 2.11% |
| Samvardhana Motherson | 2.03% |
| Bharat Forge | 1.85% |
| ABB India | 1.80% |
| MCX | 1.80% |
Frequently Asked Questions -FAQs
Is it good to invest in the ICICI Prudential Multicap Fund?
The ICICI Prudential MultiCap fund is good or bad depending on the investor’s risk-taking capacity and risk profile. The fund requires the fund manager to allocate 50% of the fund’s portfolio to mid- and small-cap companies, which means the fund can experience sharper drawdowns during market corrections than a standard large-cap fund. Investors seeking to achieve financial goals with a 10-year or longer term are likely to invest in a fund like this.
Can one invest in the ICICI Prudential Multi Cap Fund through a Direct plan?
Yes, one can invest in the ICICI Prudential Multicap Cap Fund through a Direct plan. The scheme offers both the Direct and Regular Plan. As a Certified Investment Advisor, NS Wealth offers only fee-based mutual fund advisory services, so we consider only direct plans for advisory purposes.
What are the key risks associated with investing in the ICICI Prudential Multi Cap Fund?
Like any other equity scheme, investing in the ICICI Prudential Multi Cap Fund has a few risks that are common to any other equity scheme. These are the common, inherent risks associated with investing in the Indian equity market, such as market volatility stemming from macroeconomic trends, geopolitical issues, or government policy changes. On the other hand, a specific risk associated with the ICICI Prudential Multi Cap Fund stems from the structure of the scheme’s portfolio. As the scheme is required to maintain a 50% allocation to mid- and small-cap stocks, the downside risk during market downturns would be much higher than that of a large-cap fund but lower than that of a mid-cap or small-cap fund. The best part of the fund is that it offers much greater diversification across market caps and sectors, which may reduce investment risk.
Who is the fund manager of the ICICI Prudential Multi Cap Scheme?
The current fund manager of the ICICI Prudential Multi Cap Scheme is Mr. Lalit Kumar, who has been managing the fund as lead manager since 2025. Sharmila D` Silva is the co-manager of the fund, working with Lalit and the fund since 2022.
How does ICICI Prudential Multi Cap Fund’s expense ratio compare to its peers?
As per NS Wealth’s research, the expense ratio of the ICICI Prudential Multi-Cap fund falls in the median in its category. The expense ratios are 0.93% and 1.73% for the direct and regular plans of the scheme, respectively.
Disclaimer
The Information in the ranking model and scheme information details is provided solely for general information and educational purposes and shall not constitute any advice or recommendation. Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully before investing. Past performance is not an indicator of future returns.
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