ICICI Prudential Smallcap Fund Direct Growth

ICICI Prudential Smallcap Fund Direct Growth is an equity fund. This fund was started on 2 January, 2013. The fund is managed by Anish Tawakley. The fund could potentially beat inflation in the long-run.

1. ICICI Prudential Smallcap Fund Direct Growth has ₹8566 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
2. The fund has an expense ratio 0.7.
   

ICICI Prudential Smallcap Fund Direct Growth has given a CAGR return of 18.21% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 0.18%, 22.61% and 33.64% respectively.

ICICI Prudential Smallcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Basic Materials, Industrial, Consumer Cyclical, Government, Health, Financial Services, Consumer Defensive, Utilities, Energy, Real Estate, Tech, Communication. Its top holdings are Larsen & Toubro Ltd, UltraTech Cement Ltd, Atul Ltd, Gujarat Pipavav Port Ltd, Tata Chemicals Ltd

As it is a small-cap mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

The primary objective of the Scheme is to seek to generate capital appreciation by predominantly investing in equity and equity related securities of small cap stocks. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. ICICI Prudential Smallcap Fund Direct Growth has no lock in period.