About Company
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
| Feature | Details |
| Strategy Name | Growth Leaders Shariah Strategy |
| Investment Objective | Long-term capital appreciation through Shariah-compliant equity securities. |
| Philosophy | GARP (Growth at Reasonable Price) |
| Inception Date | October 21, 2022 |
| Benchmark | Nifty 500 Shariah TRI |
| Minimum Investment | ₹50 Lakh |
| Fund Managers | Anand Shah, Chockalingam Narayanan, Geetika Gupta |
| Universe | Nifty 500 Shariah Index and other compliant securities. |
| Performance (1-Year) | ~0.34% (Benchmark: -3.12%) |
| AUM (AMC Level) | ~₹25,362.27 Cr (Total PMS AUM) |
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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Track how the fund has performed against its benchmark over time through a comparative line graph analysis.
ICICI Prudential PMS Growth Leaders Shariah Strategy
Benchmark: BSE 500 TRI
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Review and compare fund returns against benchmark performance across different investment periods in a detailed tabular format.
ICICI Prudential Asset Management Company Ltd
| AUM(Cr.) | 1M | 3M | 6M | 1Y | 2Y | 3Y | 4Y | 5Y | Ince. | |
| Performance | ₹66.88 | 2.50 | 5.21 | 5.09 | 6.58 | -1.26 | 15.60 | NA | NA | 18.07 |
| Benchmark | NA | -0.09 | 3.86 | 1.43 | 4.72 | -0.11 | 12.09 | NA | NA | 12.76 |
Learn about the experienced fund managers responsible for investment decisions, portfolio strategy, and long-term fund performance.
Nimesh Shah
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Compliance is determined through both sectoral and financial filters. Sectorally, the strategy avoids businesses involved in prohibited activities such as conventional banking/finance, alcohol, tobacco, gambling, and non-halal food products. Financially, it excludes companies with excessive debt-to-equity ratios or those deriving significant income from interest (Riba).
Growth at Reasonable Price (GARP) focuses on companies with consistent earnings growth that are not yet overpriced. By applying this to a Shariah-compliant universe, the portfolio manager seeks businesses with strong balance sheets and "clean" cash flows, which often aligns naturally with the debt-aversion inherent in Islamic finance.
No, the strategy follows a multi-cap approach. While it draws primarily from the Nifty 500 Shariah Index, the managers have the flexibility to invest across large, mid, and small-cap stocks, provided they pass the rigorous Shariah screening process. This allow the fund to capture niche growth opportunities in sectors like manufacturing and technology.
The strategy is subject to periodic Shariah audits and certifications. Since a company's financial ratios (like debt levels) can change every quarter, the portfolio is regularly "purified" to ensure all holdings continue to meet the required criteria. If a stock becomes non-compliant, the manager is required to exit the position within a specified timeframe.
Because the strategy avoids highly leveraged companies and focuses on fundamental business growth, it is designed for long-term wealth creation. An investment horizon of 3 to 5 years is recommended to allow the GARP themes to mature and to navigate the volatility typical of equity markets.
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