Icici Prudential Pms Multi Manager Thematic Strategy | PMS Fund

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	Multi-Manager – Thematic Strategy
Investment Objective	Long-term capital appreciation by investing in thematic funds and ETFs.
Inception Date	November 19, 2025
Benchmark	Nifty 50 TRI
Minimum Investment	₹50 Lakh
Asset Class	Equity – Multi-Manager (Fund of Funds)
Portfolio Managers	Anand Shah, Chockalingam Narayanan
Portfolio Turnover	~0.28% (Monthly)
Returns (Since Inception)	~ -10.56% (Benchmark: -11.30%)

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	₹64.21	-11.04	-14.00	-10.38	-4.25	3.07	13.63	11.44	13.59	15.52
Benchmark	NA	-11.30	-14.44	-9.02	-3.99	1.19	10.03	7.59	10.01	11.61

AUM(Cr.)

Ince.

Performance

₹64.21

-11.04

-14.00

-10.38

-4.25

3.07

13.63

11.44

13.59

15.52

Benchmark

-11.30

-14.44

-9.02

-3.99

1.19

10.03

7.59

10.01

11.61

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

What is the underlying logic of the Multi-Manager Thematic approach? +

The strategy is built on the premise that different themes, such as Infrastructure, Digital Transformation, or Manufacturing, peak at different times. By using a multi-manager approach, the portfolio can shift its weightage toward the most promising themes by selecting the best-performing mutual funds or ETFs within those specific categories, rather than being stuck with a single manager’s stock picks.

How does this strategy differ from the Multi-Manager India Equity Opportunities Strategy? +

While both are multi-manager structures, the India Equity Opportunities strategy is generally broader and more diversified across market caps. The Thematic Strategy is more "pointy"—it takes high-conviction bets on specific macroeconomic trends. It is designed for investors who want to overweight their portfolio toward specific growth engines of the Indian economy.

What types of themes are typically included in the portfolio? +

The portfolio managers look for structural themes that have multi-year runways. Current popular themes often include the rise of the Indian manufacturing sector (Make in India), the rapid digitization of services, energy transition, and domestic consumption. The underlying holdings are adjusted based on which themes the managers believe are most likely to outperform in the medium term.

How is the risk of "thematic concentration" managed? +

The "Multi-Manager" element is the primary risk-mitigation tool. By investing in multiple underlying funds and ETFs, the strategy ensures that it isn't dependent on a single fund house or a single narrow sector. If one thematic fund underperforms due to poor stock selection, the presence of other funds and themes helps buffer the overall portfolio volatility.

Is this strategy suitable as a core portfolio holding? +

Because thematic investments can be more volatile and cyclical than broad market indices, this strategy is often viewed as a "satellite" allocation. It is best suited for experienced investors who already have a diversified core portfolio and are looking to add an alpha-generating component by betting on specific sectors or economic shifts over a 5+ year horizon.

ICICI Prudential PMS Multi-Manager – Thematic Strategy

ICICI Prudential AMC Ltd.

Fund Snapshot

Investment Philosophy