ICICI Prudential Flexicap Fund Direct Growth

ICICI Flexi Cap Fund is a mutual fund scheme that invests in a combination of large-cap, mid-cap, and small-cap companies, allowing for market-based allocation flexibility. This means that the fund management can move investment allocation between market groups based on market trends and conditions.

The fund seeks long-term capital appreciation by investing in high-quality firms with significant growth potential across market segments. It is appropriate for investors with a moderate to high risk tolerance and a long investment horizon. Stocks in the fund include HDFC Bank, Reliance Industries, Infosys, ICICI Bank, and Bharti Airtel.

1. ICICI Prudential Flexicap Fund Direct Growth has ₹16677 Cr worth of assets under management (AUM) as on Mar 2025 and is more than category average.
2. The fund has an expense ratio 0.8.
   

ICICI Prudential Flexicap Fund Direct Growth has given a CAGR return of 18.01% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 10.51% and 23.79% respectively.

ICICI Prudential Flexicap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Financial Services, Industrial, Consumer Defensive, Tech, Basic Materials, Health, Communication. Its top holdings are TVS Motor Co Ltd, ICICI Bank Ltd, Maruti Suzuki India Ltd, Avenue Supermarts Ltd, HDFC Bank Ltd

As it is a flexi 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.

To generate long-term capital appreciation by investing predominately in equity & equity related instruments across market capitalization. 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 Flexicap Fund Direct Growth has no lock in period.