ICICI Prudential MNC Fund - Direct Plan - Growth Option
Fund Overview
This is an open-ended equity scheme with a thematic focus on Multinational Corporations (MNCs). The fund aims to provide long-term capital appreciation by investing in a diversified portfolio of stocks of MNCs operating in India.
It is suitable for investors seeking long-term wealth creation and exposure to Indian companies with a global focus and strong corporate governance standards.
Key Information
- Fund Manager: Roshan Chutkey (since Aug 2022)
- Expense Ratio (Direct Plan): 1.14%
- Riskometer: 🚩 Very High
Explore other funds: Axis Strategic Bond Fund Analysis
Key Metrics & Performance
Portfolio Composition & Risk Analysis
Asset Allocation
Risk Ratios
The fund exhibits relatively high volatility but has delivered respectable risk-adjusted returns compared to its benchmark.
- Standard Deviation: 12.37%
- Sharpe Ratio: 0.54
- Beta: 0.76
Top Sector Exposures
| Sector | Allocation | 5-yr Return vs Sector ETF |
|---|---|---|
| FMCG | 22.5% | -30 bps |
| Healthcare | 18.2% | +150 bps |
| Financial Services | 15.8% | +400 bps outperformance |
| Information Tech | 13.5% | +250 bps |
| Communication | 9.1% | +180 bps |
ICICI Prudential MNC Fund Direct Growth Analysis
NAV: ₹30.22
Portfolio Composition
Top 5 Stock Holdings
Constituting ~32.4% of the portfolio
Consumer & Healthcare Focus
32.4%
Investment Strategy: Emphasis on defensive and industrial themes within the MNC framework.
Top 5 Sector Allocations
Portfolio distribution by sector
FMCG
26.71%
Healthcare
22.16%
Automobile
18.91%
Next 5 Holdings
Additional significant positions
| Company | % of Portfolio |
|---|---|
| JSW Steel Ltd. | 3.92% |
| Cummins India Ltd. | 3.32% |
| Hindalco Industries Ltd. | 3.18% |
| Siemens Energy India Ltd. | 2.24% |
| PI Industries Ltd. | 1.51% |
Portfolio Concentration: The top 10 holdings account for approximately 42.3% of the total portfolio value.
Performance Analysis
Fund Performance vs. Benchmarks
CAGR as on Apr 30, 2025
1-Year CAGR
25.62%
0.89%
9.01%
3-Year CAGR
18.31%
14.67%
13.78%
5-Year CAGR
23.17%
18.06%
21.16%
Since Inception CAGR
17.78%
14.86%
14.64%
Scheme
Nifty MNC TRI
Nifty 50 TRI
Performance Summary: Outperformed both its thematic benchmark (Nifty MNC) and the broad market (Nifty 50) across all periods.
Peer Comparison
Thematic MNC Funds
Performance and risk metrics
| Fund Name | AUM (₹ Cr) | Age | 1Y Return | 3Y Return | 5Y Return | Risk Metrics |
|---|---|---|---|---|---|---|
| ICICI Prudential MNC Fund | 1,540 | 5 yrs 9 m | 3.83% | 12.08% | 26.22% | Std.Dev: 12.41, Beta: 0.79 |
| UTI MNC Fund | 2,521 | 12 yrs 2 m | 0.90% | 10.85% | 15.91% | Std.Dev: 13.05, Beta: 0.80 |
| SBI Magnum Global Fund | 5,835 | 12 yrs 2 m | -0.65% | 7.24% | 17.29% | Std.Dev: 11.78, Beta: 0.67 |
| Aditya Birla Sun Life MNC Fund | 3,213 | 12 yrs 2 m | 3.59% | 9.33% | 12.08% | Std.Dev: 14.42, Beta: 0.88 |
| HDFC MNC Fund | 530 | 2 yrs 1 m | -4.24% | 5.96% | 3.54% | N/A |
Key Metrics: TER = Total Expense Ratio, Std.Dev = Standard Deviation (measures volatility),
Beta = Sensitivity to market movements. Lower values indicate less risk.
Further Reading
Investment Glossary
- CAGR: Compound Annual Growth Rate - Measures mean annual growth rate
- FMCG: Fast Moving Consumer Goods - Everyday consumer products
- TRI: Total Return Index - Includes dividends reinvested
- MNC: Multinational Corporation - Companies operating in multiple countries
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