Icici Prudential Pms Emerging Leaders Strategy

ICICI Prudential AMC Ltd.

Icici Prudential is a major asset management company in the country, focusing on bridging the gap between saving and investing and building long-term wealth for investors through a variety of easy and relevant investment solutions. The AMC is a joint venture between ICICI Bank and Prudential plc, one of the major financial services companies in the United Kingdom.

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.

	AUM(Cr.)	1M	3M	6M	1Y	2Y	3Y	4Y	5Y	Ince.
Performance	₹174.01	-9.84	-9.65	-5.34	7.44	6.31	NA	NA	NA	4.47
Benchmark	NA	-11.37	-13.94	-9.62	-3.12	1.32	NA	NA	NA	1.34

AUM(Cr.)

Ince.

Performance

₹174.01

-9.84

-9.65

-5.34

7.44

6.31

4.47

Benchmark

-11.37

-13.94

-9.62

-3.12

1.32

1.34

Fund Manager

Nimesh Shah

Mr. Nimesh Vipinbabu Shah serves as our company's Managing Director and CEO.Mr. Nimesh Vipinbabu Shah serves as our company's Managing Director and CEO. He earned a bachelor's degree in commerce from the University of Bombay.He earned a bachelor's degree in commerce from the University of Bombay. He passed the final exam of the Institute of Chartered Accountants of India.He passed the final exam of the Institute of Chartered Accountants of India. He has over 31 years of experience in the banking and financial services industry.He has over 31 years of experience in the banking and financial services industry. He was elected chairperson of the Association of Mutual Funds in India ("AMFI") on October 12, 2018. He is currently a director at AMFI and a member of the ICICI Foundation for Inclusive Growth's governing council.He was elected chairperson of the Association of Mutual Funds in India ("AMFI") on October 12, 2018. He is currently a director at AMFI and a member of the ICICI Foundation for Inclusive Growth's governing council. He was named "India CEO of the Year" at the Asia Asset Management 2023 Best of the Best Awards, "Best Asset Management CEO India 2017" at the Global Banking & Finance Awards 2017, and "India CEO of the Year" at the Asia Asset Management 2014 Best of the Best Awards.He was named "India CEO of the Year" at the Asia Asset Management 2023 Best of the Best Awards, "Best Asset Management CEO India 2017" at the Global Banking & Finance Awards 2017, and "India CEO of the Year" at the Asia Asset Management 2014 Best of the Best Awards.

Frequently Asked Questions

1. What is the core investment philosophy of the Emerging Leaders Strategy? +

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.

2. How does this strategy differ from the ICICI Prudential ACE Strategy? +

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.

3. What filtration frameworks do the fund managers use to mitigate small-cap risks? +

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.

4. Why is the recommended investment horizon 5 years or more? +

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.

5. What are the exit loads for the Emerging Leaders Strategy? +

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.

ICICI Prudential AMC Ltd.

Fund Snapshot

Investment Philosophy