ICICI Prudential Focused Equity Fund Direct Growth

ICICI Prudential Focused Equity Fund Direct Growth is an equity fund. This fund was started on 10 January, 2013. The fund is managed by Vaibhav Dusad. The fund could potentially beat inflation in the long-run.

1. ICICI Prudential Focused Equity Fund Direct Growth has ₹11667 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
2. The fund has an expense ratio 0.6.
   

ICICI Prudential Focused Equity Fund Direct Growth has given a CAGR return of 16.79% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 13.33%, 29.09% and 28.02% respectively.

ICICI Prudential Focused Equity Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Government, Financial Services, Basic Materials, Consumer Cyclical, Industrial, Health, Communication, Consumer Defensive, Real Estate, Tech, Energy, Utilities. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Axis Bank Ltd, Sun Pharmaceuticals Industries Ltd, Bharti Airtel Ltd

As it is a focused fund 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 capital appreciation by investing in a concentrated portfolio of equity and equity related securities of up to 30 companies across market capitalization i.e. focus on multicap. 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 Focused Equity Fund Direct Growth has no lock in period.