ACE Strategy

ICICI Prudential AMC Ltd
PMS Multi Cap & Flexi Cap
Benchmark
S&P BSE 500 TRI
Inception Date
1 December 2010
Min. Investment
₹50,00,000
AUM (Cr.)
₹1239.57
SIP Available
Yes
STP Available
Yes

Investment Strategy

Investment Approach

The Investment Manager identifies and allocates capital to listed equity and equity-linked instruments. Selections are made from the broad market capitalization spectrum, aligning with the defined investment mandate. A core portfolio, comprising approximately 20 to 25 holdings, is constructed through in-depth fundamental, bottom-up analysis.

Investment Objective

The investment strategy focuses on generating sustained capital growth through judicious allocation to a broadly diversified collection of equity and equity-linked instruments.

Performance Returns

Returns as on 2025-12-31

Trailing Returns

Period Strategy Benchmark Outperformance
1 MONTH -0.81% -0.24% -0.57%
3 MONTHS 3.32% 5.02% -1.70%
6 MONTHS 2.74% 1.63% 1.11%
1 YEAR 9.76% 7.63% 2.13%
2 YEAR 21.60% 11.64% 9.96%
3 YEAR 23.56% 16.40% 7.16%
5 YEAR 19.94% 16.82% 3.12%
SINCE INCEPTION 14.92% 12.49% 2.43%

Calendar Year Performance

Year Return
CY 2025 9.76%
CY 2024 34.76%
CY 2023 27.55%
CY 2022 -0.41%
CY 2021 32.11%
CY 2020 18.78%
CY 2019 9.24%
CY 2018 -15.06%
CY 2017 45.97%
CY 2016 2.82%
CY 2015 2.89%
CY 2014 58.53%

Financial Year Performance

Year Return
FY 26_YTD 16.66%
FY 25 12.03%
FY 24 49.30%
FY 23 -0.91%
FY 22 21.86%
FY 21 74.24%
FY 20 -24.16%
FY 19 -5.56%
FY 18 18.74%
FY 17 27.52%
FY 16 -2.17%
FY 15 54.24%
FY 14 58.53%

Past performance is not indicative of future results. Returns are subject to market risks.

Fund Managers

Chockalingam Narayanan

Head Equities – PMS & AIF (Long only)

Mr. Chockalingam commenced his tenure at ICICI Prudential AMC in July 2022. He currently serves as a Senior Fund Manager, overseeing both Portfolio Management Services (PMS) and Alternative Investment Funds (AIF) at IPAMC. With close to twenty years of comprehensive expertise, Mr. Chockalingam possesses a strong background in fund management, investment research, and market analysis. His contributions have been significant in dissecting business fundamentals to generate pertinent and actionable insights, thereby fostering portfolio expansion. He is a recognised authority for providing in-depth macroeconomic analysis, alongside insights into financial markets and Environmental, Social, and Governance (ESG) factors. These elements have consistently formed the bedrock of diverse investment strategies he has developed throughout his career. Prior to his association with IPAMC, Mr. Chockalingam held positions at distinguished institutions including Baroda BNP Paribas Asset Management India Pvt Ltd, Deutsche Equities India Pvt Limited, and Batlivala & Karani Securities. Academically, he holds a Post Graduate Diploma in Management from T A Pai Management Institute, Manipal, and a Bachelor of Commerce from G. R. Damodaran College of Science. Furthermore, he is a certified Financial Risk Manager (FRM) by the Global Association of Risk Professionals, USA.

Ms. Geetika Gupta

Senior Fund Manager- PMS & AIF

Ms. Geetika Gupta became part of IPAMC in August 2021. Her current role involves serving as a Fund Manager for both Portfolio Management Services and Alternative Investment Funds. With more than ten years of investment experience, her expertise spans both sell-side and buy-side equity research. Before joining IPAMC, Ms. Gupta spent six years as Vice President at First Voyager Advisors, where she oversaw the fund's investments in the Indian equity market. Prior to that, from 2011 to 2015, she worked as a Research Analyst at Kotak Institutional Equities, focusing on the Banking, Financial Services, and Insurance (BFSI) sector. Her career commenced in 2007 at Lehman Brothers, covering US Equities, followed by an internship in the Investment Banking Division at Morgan Stanley, Singapore, in 2010. Ms. Gupta possesses substantial knowledge of the BFSI sector, alongside B2C businesses within the consumer and technology domains. She is an alumnus of IIT Delhi, holding a B. Tech in Chemical Engineering, and IIM Ahmedabad.

Portfolio Details

Portfolio Composition

Large Cap
63.32%
Mid Cap
21.32%
Small Cap
14.01%
Cash & Equivalent
1.35%

Top 5 Holdings

  • HDFC Bank Ltd 7.04%
  • Bharti Airtel Ltd 6.63%
  • State Bank of India 6.23%
  • Larsen & Toubro Ltd 5.53%
  • Eternal Ltd 5.53%

Top 5 Sectors

  • Banks 18.97%
  • Retailing 15.87%
  • Construction 8.30%
  • Automobiles 7.05%
  • Telecom - Services 6.72%

Portfolio Characteristics

total number of stocks
0
top 5 stocks percent
30.96%
top 5 sectors percent
56.91%
average market cap
410222.18
portfolio age
15 Yrs, 0 Months
sip
Available
stp
Available

Fee Structure

Fixed Fee

AMC: 2.5%

Variable Fee

AMC: 1.75%

Hurdle: 10%

Profit Sharing: 15%

Exit Load

Year 1: 1%

Year 2: 0%

Year 3: 0%

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Disclaimer

Returns are as of 2025-12-31. Returns for periods up to one year are not annualized. Returns for periods exceeding one year are annualized. Returns are computed using the Time Weighted Rate of Return (TWRR) methodology and are provided by the respective Asset Management Companies (AMCs). 'ND' denotes 'No Data', and 'NA' denotes 'Not Applicable'. The performance of the respective Benchmark Indices is presented above. Benchmark(s) are as defined in SEBI circular no. SEBI/HO/IMD/IMD-PoD-2/P/CIR/2022/172 dated December 16, 2022, APMI circular no. APMI/2022-23/02 dated March 23, 2023, and Revised Annexure-1.

This page is provided solely for general informational purposes in relation to the strategy and is based on publicly available information. While reasonable care has been taken to ensure accuracy, the information may not reflect the most recent updates.

Nothing on this page constitutes investment, financial, or legal advice. Investment decisions should be made after consulting a qualified advisor and reviewing official scheme documents.

Last Updated: January 2026 · Published by Affluense AI (affluense.ai)