Fund Snapshot
| Parameter | Details |
| Strategy Name | Emerging Leaders Strategy |
| Asset Manager | ICICI Prudential AMC Ltd (Alternates Division) |
| Category | Mid & Small Cap Equity |
| Inception Date | June 11, 2018 |
| Benchmark | Nifty Midcap 100 TRI (or Nifty Smallcap 250 TRI depending on the underlying series blend) |
| Assets Under Management (AUM) | Approx. ₹1,215 Crores (As of April 2026) |
| Fund Managers | Mr. Chockalingam Narayanan and Mr. Anand Shah (CIO - PMS & AIF) |
| Minimum Investment | ₹50,00,000 (INR 50 Lakhs) |
| Portfolio Concentration | Aggressive, high-conviction portfolio of ~20 to 25 stocks |
| Investment Horizon | 5 Years and above (recommended due to mid/small-cap volatility) |
| Fee Structure (Standard) |
• Fixed Fee: ~2.50% p.a. • Performance/Variable Fee: 15% to 20% profit sharing above a hurdle rate (typically 10-12%) |
| Exit Load | 2.00% if redeemed within 0–1 year; 1.00% if redeemed within 1–2 years; 0% thereafter |
Investment Philosophy
ICICI Prudential AMC follows a disciplined, research-driven investment approach focused on delivering consistent, risk-adjusted returns across market cycles:
- Focus on Risk-Adjusted Returns Core objective is to generate superior returns while managing downside risks across varying market conditions.
- Blend of Quantitative & Qualitative Research Investment decisions are driven by a mix of financial analysis, macro insights, and evaluation of management quality and governance standards.
- Asset Allocation & Diversification Strong emphasis on diversified portfolios across equity, debt, and hybrid strategies to balance growth and stability.
- Fixed Income Discipline Debt investments prioritize safety, liquidity, and optimal returns, ensuring capital protection alongside yield generation.
- Robust Risk Management Framework Independent risk oversight, continuous monitoring, and proactive measures help safeguard investor interests and manage volatility.
- Long-Term Investing Approach Encourages disciplined investing through SIPs and long-term holding to benefit from compounding and market cycles.
- Investor-Centric Strategy Product innovation and portfolio positioning are aligned with evolving investor needs, risk appetites, and market opportunities.
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ICICI Prudential PMS Emerging Leaders Strategy
Benchmark: BSE 500 TRI
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ICICI Prudential Asset Management Company Ltd
| AUM(Cr.) | 1M | 3M | 6M | 1Y | 2Y | 3Y | 4Y | 5Y | Ince. | |
| Performance | ₹267.19 | 1.19 | 3.07 | 5.75 | 10.30 | 4.57 | NA | NA | NA | 9.65 |
| Benchmark | NA | 2.19 | 3.78 | 1.99 | 2.98 | 0.42 | NA | NA | NA | 6.94 |
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The strategy focuses on discovering under-researched, high-potential businesses in the mid-cap and small-cap spaces. It seeks companies positioned at structural inflection points—such as gaining sudden market share, benefiting from regulatory pivots, or undergoing operational turnaround. The fund utilizes a fundamental, bottom-up research process to filter out businesses with weak corporate governance or fragile balance sheets.
The primary differentiator is market capitalization focus and risk-return profile: ACE Strategy is market-cap agnostic (Flexi Cap) and typically maintains a substantial cornerstone allocation to Large Caps (~60%) for structural stability. Emerging Leaders Strategy heavily tilts toward Mid and Small Caps, pursuing higher alpha and growth acceleration, which carries a higher risk and volatility profile.
To avoid "value traps" and corporate governance failures common in smaller companies, the fund uses a rigorous filtration process. It looks for companies with high ROCE (Return on Capital Employed), low leverage (strong balance sheets), a proven track record of efficient capital allocation, and a substantial "runway" for earnings growth over the next 3 to 5 years.
Mid and small-cap stocks are susceptible to sharp cyclical drawdowns and liquidity risks during market corrections. However, over longer horizons, their earnings growth tends to outpace large caps significantly. A minimum horizon of 5 years allows the underlying businesses the necessary time to scale operations, execute expansion plans, and transition from "emerging" entities into market leaders.
Given the longer-term horizon required for small and mid-cap investing, the exit load structure is designed to discourage short-term trading: 2.00% of the redemption value if exited within the first year (0-365 days). 1.00% if exited between the first and second year (366-730 days). Nil (0%) after completing two full years of investment.